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Import Duty


'Import Duty' - 174 News Result(s)

  • Curb on gold import not sustainable in long run: Commerce Ministry

    Curb on gold import not sustainable in long run: Commerce Ministry

    The government had raised the duty three times taking it to 10 per cent in August last year and also made it mandatory to export 20 per cent of the total gold imported.

  • Rajan hints at gradual easing of gold import curbs

    Rajan hints at gradual easing of gold import curbs

    The government had raised raised customs duty to 10 per cent on gold from 2 per cent earlier.

  • Titan eyes jewellery exports as gold curbs hit sales at home

    Titan eyes jewellery exports as gold curbs hit sales at home

    Struggling with a ballooning trade deficit, India last year imposed a record high duty of 10 percent on overseas purchases of gold, the second-biggest expense in its import bill, and introduced a rule tying import quantities to export levels.

  • Import tariff value of gold, silver hiked

    Import tariff value of gold, silver hiked

    Import tariff value is the base price at which customs duty is determined to prevent under-invoicing. The tariff value is revised on a fortnightly basis after analysing the global price trend.

  • Current account deficit to decline to 2.5%, raises hope of gold import duty cut

    Current account deficit to decline to 2.5%, raises hope of gold import duty cut

    The Reserve Bank today said Current Account Deficit (CAD) in this fiscal is expected to decline to below 2.5 per cent of GDP from 4.8 per cent a year ago, raising hopes of a cut in import duty on gold.

  • India imposes 5% export duty on iron ore pellets

    India imposes 5% export duty on iron ore pellets

    India already levies a 30 per cent tax on exports of iron ore fines and lumps since December 2011. Along with mining and export curbs in key producing states Karnataka and Goa aimed at addressing illegal mining, the tariffs have helped cut India's ir...

  • Government seeks gold purchase information from jewellers as smuggling rises

    Government seeks gold purchase information from jewellers as smuggling rises

    India has been trying to curtail shipments of gold, the second-biggest import bill after crude oil, as it seeks to curb a gaping trade deficit. The country last year raised import duty to 10 percent and tied gold imports to jewellery exports.

  • Jewellery makers rise on hopes of duty cut; TBZ leads gains

    Jewellery makers rise on hopes of duty cut; TBZ leads gains

    Tribhovandas Bhimji Zaveri (TBZ) shares were up 1.82 per cent to Rs 137.10 as of 09.55 a.m., while Rajesh Exports traded 1.36 per cent higher at Rs 78.25. Gitanjali Gems traded 0.64 per cent up, while Titan edged up 0.3 per cent.

  • Gold set for biggest fall in over 30 years

    Gold set for biggest fall in over 30 years

    In India gold prices however have not seen a similar decline as witnessed in global markets. The Indian government had hiked import duty on gold to 10 per cent, negating much of the decline in global prices.

  • Gold-hungry traders tap Indians living abroad

    Gold-hungry traders tap Indians living abroad

    Non-resident Indians (NRIs) are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.

  • Gold comes off all-time high, silver declines during 2013

    Gold comes off all-time high, silver declines during 2013

    Gold slipped from its peak level and was poised to end 2013 below last year's closing price after the government increased customs duty to 10 per cent and imposed import restrictions to contain increasing demand for the precious metal.

  • RBI for removal of restrictions on gold import

    RBI for removal of restrictions on gold import

    Advocating removal of restriction on gold import as it encourages smuggling, Reserve Bank today said efforts should be made to maintain the present level of Current Account Deficit (CAD) without any significant curbs on inward shipments.

  • Indian gold jewellery exports fall again in November; no recovery in sight

    Indian gold jewellery exports fall again in November; no recovery in sight

    India's government has slapped a record 10 per cent import duty on gold, its second-biggest import after oil, as it seeks to curb a swollen current account, and has said 20 per cent of all imports must be turned around and exported as jewellery.

  • Indian 2014 gold imports seen at half usual levels

    Indian 2014 gold imports seen at half usual levels

    To curb a record trade deficit, India imposed an import duty of 10 per cent on gold, and tied imports for domestic consumption to exports, creating scarce supply of the yellow metal and boosting premiums to a record.

  • India's motor vehicle exports to Europe to be hit from January: EEPC India

    India's motor vehicle exports to Europe to be hit from January: EEPC India

    India's motor vehicle exports to Europe, including passenger cars, are likely to be hit from January when the European Union raises customs duty for import of vehicles from 6.5 per cent to 10 per cent, according to EEPC India (formerly Engineering Ex...

  • Gold jewellery exports slip 7% in October

    Gold jewellery exports slip 7% in October

    India's government has slapped a record 10 percent import duty on gold, its second-biggest import after oil, as it seeks to curb a swollen current account, and has said 20 percent of all imports must be turned around and exported as jewellery.

  • Sugar stocks soar ahead of meeting on relief package

    Sugar stocks soar ahead of meeting on relief package

    A relief package of Rs 50,000 crore is likely to be discussed. Interest-free loans and relaxation in tenure of loans are likely to be on the agenda. An import duty hike from current 15 per cent to 50 per cent might be considered. The ministers might ...

  • Gold, silver import tariff value slashed

    Gold, silver import tariff value slashed

    The tariff value, the base price at which the customs duty is determined to prevent under-invoicing, stood at $436 per 10 grams for gold and $702 per kg for silver during the last fortnight.

  • Current account gap to widen for June quarter, say economists

    Current account gap to widen for June quarter, say economists

    The gap typically widens in the June quarter from the previous quarter due to seasonal factors including lower exports.

  • Import duty on gold jewellery hiked to 15%

    Import duty on gold jewellery hiked to 15%

    The government had last month hiked import duty on gold for the third time in 2013 to 10 per cent. Duties for silver and platinum were also increased to 10 per cent. Besides, customs duty on gold dore bars, ore or concentrate were raised to 8 per cen...

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