Increased Import Duty
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India, US To Focus On Increasing Market Access, Reducing Import Duty: Government
India and the US would focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration in the proposed bilateral trade agreement, Parliament was informed on Tuesday.
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India, US To Increase Market Access, Cut Tariff, Non-Tariff Barriers: Centre
India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday.
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Budget May Increase Import Duties To Check Rupee Decline: EY Chief Policy Adviser
The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava.
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Ahead Of PM Modi-Joe Biden Meet, India Removes Additional Duties On US Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products.
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Tesla Asked To Increase Localisation, Share India Plans Before Getting Tax Breaks
Tesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
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Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
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Union Budget 2020: Customs Duty For CBU Commercial Vehicles Increased
Customs duty on fully imported commercial vehicles through the completely built unit (CBU) route has been raised to 40 per cent from the current 25 per cent.
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Government Likely to Raise Import Duties on Electronics Next Week
India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said.
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Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
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Trump's China Tariffs To Increase Cost Of Bible, Upsets Religious Groups
The trade war that Donald Trump has initiated with China by imposing massive tariffs on the Chinese products has upset one of his core support bases, the influential church community, that fears the US President's import duties would increase the cost of the Bible in America.
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Steel Ministry Seeks Higher Duties To Deter Chinese Imports: Report
India's steel ministry has sought an immediate increase in import duties on finished steel products to 15% from a range of 7.5% to 12.5%, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by news agency Reuters showed.
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India Imposes Higher Customs Duty On 28 US Products
India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
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Got India Motorcycle Tariffs Down To 50 Per Cent In "2 Minutes": Trump
US President Donald Trump has said the decision by India last year to cut the tariffs on motorcycles by half was a fair deal, but rued the high duties on American whisky.
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Phones, Smart Watches Set To Get Expensive As Centre Increases Duties
The central government said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee.
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India, US To Focus On Increasing Market Access, Reducing Import Duty: Government
India and the US would focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration in the proposed bilateral trade agreement, Parliament was informed on Tuesday.
-
India, US To Increase Market Access, Cut Tariff, Non-Tariff Barriers: Centre
India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday.
-
Budget May Increase Import Duties To Check Rupee Decline: EY Chief Policy Adviser
The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava.
-
Ahead Of PM Modi-Joe Biden Meet, India Removes Additional Duties On US Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products.
-
Tesla Asked To Increase Localisation, Share India Plans Before Getting Tax Breaks
Tesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.
-
Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
-
Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
-
Union Budget 2020: Customs Duty For CBU Commercial Vehicles Increased
Customs duty on fully imported commercial vehicles through the completely built unit (CBU) route has been raised to 40 per cent from the current 25 per cent.
-
Government Likely to Raise Import Duties on Electronics Next Week
India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said.
-
Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
-
Trump's China Tariffs To Increase Cost Of Bible, Upsets Religious Groups
The trade war that Donald Trump has initiated with China by imposing massive tariffs on the Chinese products has upset one of his core support bases, the influential church community, that fears the US President's import duties would increase the cost of the Bible in America.
-
Steel Ministry Seeks Higher Duties To Deter Chinese Imports: Report
India's steel ministry has sought an immediate increase in import duties on finished steel products to 15% from a range of 7.5% to 12.5%, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by news agency Reuters showed.
-
India Imposes Higher Customs Duty On 28 US Products
India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
-
Got India Motorcycle Tariffs Down To 50 Per Cent In "2 Minutes": Trump
US President Donald Trump has said the decision by India last year to cut the tariffs on motorcycles by half was a fair deal, but rued the high duties on American whisky.
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Phones, Smart Watches Set To Get Expensive As Centre Increases Duties
The central government said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee.
