Import Duty

Gold imports up 35.5% to Rs 80,000 cr during April-June quarter; trade deficit rises marginally to $45.96 bn

To 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.

India's gold demand likely to soften in third-quarter on record high local price, rural distress: WGC

Indian 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.

Japan drags India to WTO over import duties on certain electronic goods

Japan has dragged India to the World Trade Organisation (WTO) over the import duties imposed on certain electronic goods, according to the global trade body

India may again extend retaliatory tariff deadline on 29 US products by 30 days

India 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

Government again extends retaliatory import tariff deadline on 29 US products till 16 May

The government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till 16 May

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.

Donald Trump says trade deal will be struck with China only if it is good for United States

Trump 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.

US China trade disputes: Trump, Xi Jinping appear close to deal to roll back tariffs on $200 bn worth of Chinese goods

The 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

Integrated gold policy likely soon; govt to promote growth of yellow metal industry, jewellery exports, says Suresh Prabhu

In February, Finance Minister Arun Jaitley announced formulation of a comprehensive gold policy to develop gold as an asset class.

Govt's safeguard duty move on steel goods inconsistent with certain global trade norms: WTO panel

As India and Japan failed to resolve the issue in the bilateral consultation process, the WTO had set up the dispute resolution panel earlier this year.