-
China's share of India’s total steel imports rose to 16.1 percent from 13.4 percent earlier
-
The amendments to the Finance Bill that now allows for this come after a 2022 Bombay High Court ruling against the tax department saying no interest and penalty can be imposed on demand of additional customs duty.
-
The new norms were introduced by the DGCA on January 11 despite the Airports Authority of India seeking an extension to implement these norms at smaller airports in a phased manner.
-
India has imposed a 20% duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years.
-
Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.
-
In July, New Delhi raised import duty on gold to 15% but then kept the tax on platinum imports unchanged at 10.75%.
-
The government on Thursday prohibited exports of broken rice and imposed a 20% levy on shipments of unmilled and husked brown varieties, according to release.
-
AIPDA, which represents 22 state fuel dealers associations in India, met petroleum ministry officials, who assured them that their demand will be fast-tracked and that the centre will set up a meeting between fuel dealers and oil marketing companies.
-
Last month, senior executives of Apple were in India to seek certain incentives from the government, as the company plans to set up a manufacturing unit in the country
-
In an interview to CNBC-TV18, the Chairman of Gloster, Hemant Bangur said that imports from Nepal and Bangladesh were hurting domestic jute industry.
-
JK Tyres, the country's leading tyre manufacturer, is pressing ahead with a consolidation and expansion plan aimed at achieving production capacity of three-and-a-half crore truck radials in FY18.
-
Close on the heels of the Rajya Sabha passing the Maternity Benefit Amendment Bill, which proposes increasing the duration of maternity leave for a working woman from 12 weeks to 26 weeks, Women and Child Development Minister Maneka Gandhi waded into a controversy.
-
Satish Pai, Vice President of Aluminium Association of India says the 2 percent increase in import duty on aluminium, announced in the Union Budget, was negated by near doubling of green cess on coal, as 40 percent of aluminium's production cost is power.
-
Until now, used personal and household articles including video cassette recorder/player, washing machine, electrical or LPG cooking range, computer and laptop, and domestic refrigerators of capacity up to 300 litres, besides jewellery up to Rs 50,000 by a gentleman and Rs 1 lakh by a lady were allowed duty free.
-
Union Minister Narendra Singh Tomar today said additional steps will be taken to protect domestic steel industry, which is facing a bad patch, in wake of cheap Chinese imported steel.
-
Listing out the Commerce Ministry's hits and misses for its first full calendar year in office, Commerce Minister Nirmala Sitharaman said the government's steps on foreign trade policy as well as incentives to boost exports were notable steps but listed the continuous fall in exports nonetheless as a disappointment.
-
The central government has notified the Schedule of revised All Industry Rates of Duty Drawback effective from November 23, 2015, the Finance Ministry said. Duty drawback is refund of duties on imported inputs for export items
-
To help airline companies keep their costs down, the draft policy has proposed that aviation turbine fuel drawn from regional connectivity airports be exempted from custom duty. Also, the policy has proposed waiver of service tax on maintenance, repair and overhaul (MRO) expenses incurred by airline companies
-
The National Capital Goods Policy is formulated with the vision to increase the share of capital goods contribution from present 12 percent to 20 percent of total manufacturing activity by 2025, said the draft policy released by Department of Heavy Industries.
-
After the duty increase of 2.5 percent last time, in fact the imports from Japan and Korea have gone up, says Seshagiri Rao of JSW Steel.
-
India has decided to introduce an import duty of 10 percent on wheat after a gap of eight years, government sources said on Monday, after senior civil servants met to discuss ways to curb overseas purchases when domestic stocks are ample.
-
As per statistics of Aluminium Association of India, Indian Aluminium Industry has seen a huge surge in imports in recent years from 8.81 lakh tonne in the year 2010-11 to 15.63 lakh tonne in 2014-15 financial year - primarily from Middle East and China.
-
Shares of auto stocks are reeling under pressure as government decided not to extend the reduced excise duty rates provided to these sectors beyond December 31. This will adversely impact the sector which is already fighting a subdued demand and a high price may make sales difficult.
-
In a veiled warning to the domestic auto sector, the Commerce Ministry today said it cannot continue providing protection to the industry while duty barriers are coming down all over the world.
-
The chances of a cut in gold duty in the near term appear to be slimming even as an improvement in trade data makes a case for easing some curbs on the yellow metal.
