Thomson Reuters | Tuesday July 28, 2015
India has decided to introduce an import duty of 10 percent on wheat after a gap of eight years, according to government sources.
Press Trust of India | Monday July 27, 2015
India is the world's second largest wheat producer and consumer after China, and its warehouses often hold double the target amount as farmers get more incentives to produce grains than oilseeds and pulses, which it imports heavily.
Press Trust of India | Friday July 24, 2015
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing.
PTI | Tuesday July 21, 2015
India is unlikely to import more wheat in the coming weeks due to surge in global prices and concerns that the government may anytime slap 10 per cent duty on inbound shipments, according to traders.
Press Trust of India | Saturday July 18, 2015
EEPC India, a body of engineering exporters in the country, has said the government should increase duty drawback rates to make up for the recent hike in basic customs duty (BCD) on certain steel products.
Thomson Reuters | Sunday July 12, 2015
ArcelorMittal South Africa has asked the country's government to impose a 10 per cent import duty on steel and in return it may offer shares to black empowerment partners, a newspaper reported on Sunday.
Press Trust of India | Friday July 3, 2015
Food Minister Ram Vilas Paswan on Friday said his ministry has proposed a 10 per cent import duty on wheat to curb cheaper shipments as the country already has a surplus stock.
Thomson Reuters | Friday July 3, 2015
The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters.
Thomson Reuters | Friday June 26, 2015
Last week, the government raised import duty to 10 per cent from 7.5 per cent on flat steel and to 7.5 per cent from 5 per cent for long steel products, to stem the flood of imports.
Thomson Reuters | Friday June 26, 2015
Many steel companies, such as JSW Steel, Tata Steel and Kalyani Steels, have seen profits come under pressure in recent quarters due to surging imports of steel from countries such as China and Russia.
Monday June 22, 2015
Import duty on flat steel products has been increased to 10 per cent from 7.5 per cent, whereas that on long steel products has been raised to 7.5 per cent from 5 per cent.
Thomson Reuters | Wednesday June 17, 2015
The government has raised import tax to 10 per cent from 7.5 per cent on flat steel and to 7.5 per cent from 5.5 per cent for long steel products, according to a government notification issued on Wednesday.
Wednesday June 17, 2015
Shares of Tata Steel extended gains on Wednesday, surging over 5 per cent after the government has hiked import duty on flat steel products to 10 per cent.
Thomson Reuters | Saturday June 6, 2015
The Finance Ministry has imposed anti-dumping duties ranging from $180 to $316 per tonne for some industrial-grade stainless steel imported from China, Malaysia and South Korea in a bid to stem surging imports and protect the domestic industry.
Tuesday April 21, 2015
The government is likely to raise import duty on sugar to 40 per cent from the current 25 per cent to check the sweetener's sliding price and enable mills to clear mounting cane arrears of about Rs 20,000 crore.
Thursday April 16, 2015
The move will help in controlling the sliding prices of sugar and enable mills to clear their cane arrears.
Wednesday April 15, 2015
The Food Ministry would recommend a hike in import duty on sugar to 40 per cent from the current 25 per cent to check the sliding price of the sweetener and enable mills to clear mounting cane arrears that has reached almost Rs 20,000 crore so far.
Wednesday April 1, 2015
The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. It is revised on a fortnightly basis taking into account global prices.
Thomson Reuters | Wednesday March 18, 2015
One reason for the jump was that customs and police have got wise to some of the tricks used to bring in gold, such as getting human mules to swallow nuggets or in hiding gold bars in dead cows.
Press Trust of India | Wednesday March 4, 2015
The GDP includes GVA plus taxes on products, including import duty and excluding subsides on the products.
Monday March 2, 2015
The cement sector wants imposition of 2-2.5% basic customs duty on cement.
Thomson Reuters | Monday March 2, 2015
In Saturday's Budget, Jaitley said the tariff rate on steel imports would be increased.
Thomson Reuters | Saturday February 28, 2015
Gold premiums in top consumer India could jump to as much as $5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's Budget.
Saturday February 28, 2015
Mr Jaitley said import duty on iron & steel and articles of iron or steel would be increased to 15 per cent from 10 per cent now, a move which will benefit domestic steel manufacturers analysts say.