Latest News on Import Duty
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Import Duty - Total results - 62
Feb 01, 2020
Budget 2020: Cigarettes, imported products, furniture, footwear to become costlier; EVs, newsprint, sport goods to be cheaperA large number of items including cigarettes, chewing tobacco along with imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21
Jan 16, 2020
Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industrySaying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.
Aug 12, 2019
Gold imports up 35.5% to Rs 80,000 cr during April-June quarter; trade deficit rises marginally to $45.96 bnTo mitigate the negative impact of gold imports on trade deficit and CAD, the government increased the import duty on gold to 12.5% from 10% in this year's Budget.
Aug 01, 2019
India's gold demand likely to soften in third-quarter on record high local price, rural distress: WGCIndian gold futures hit a record high of Rs 35,409 ($511.54) per 10 grams in July. Local prices have risen 10 percent so far in 2019.
May 15, 2019
Japan drags India to WTO over import duties on certain electronic goodsJapan has dragged India to the World Trade Organisation (WTO) over the import duties imposed on certain electronic goods, according to the global trade body
May 14, 2019
India may again extend retaliatory tariff deadline on 29 US products by 30 daysIndia is expected to again extend the deadline by a month to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, an official said
May 03, 2019
Government again extends retaliatory import tariff deadline on 29 US products till 16 MayThe government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till 16 May
Apr 28, 2019
Govt hikes wheat import duty to 40% from 30% to support farmers; local prices had fallen over 11%The hike in duty is likely to make imports of wheat unviable for flour mills even after recent declines in global prices, potentially dragging further on global grain markets.
Mar 09, 2019
Donald Trump says trade deal will be struck with China only if it is good for United StatesTrump imposed tariff hikes of up to 25 percent on $250 billion of Chinese goods. In response, China, the world's second largest economy after the US, imposed tit-for-tat tariffs on $110 billion of American goods.
Mar 04, 2019
US China trade disputes: Trump, Xi Jinping appear close to deal to roll back tariffs on $200 bn worth of Chinese goodsThe United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs on U.S. goods, a source briefed on negotiations said on Sunda