Export Duty

The government introduced several measures, including a 20% export duty, a minimum export price (MEP), and even a ban on exports from December 8, 2023, to May 3, 2024 to ensure a stable domestic supply.

India reduces export duty on parboiled rice to 10% from 20%

India had imposed a 20% duty on parboiled rice exports in 2023 after its crop was affected by below-normal rainfall.

Govt says 20% export duty on parboiled rice to continue beyond Mar 31

In a notification, the finance ministry saiaBesides, the duty-free import of yellow peas, too, has been extended beyond March 31, subject to the condition that the bill of landing is issued on or before April 30, 2024.d the 20 per cent export duty will continue beyond March 31 without an end date.

Rice traders demand flat export duty on parboiled rice

Rice exporters have urged the Indian government to implement a fixed export duty of USD 80 per tonne for parboiled rice, in place of the existing 20% duty, to facilitate smoother trade, according to a senior representative from the umbrella organization of rice exporters.

Export duty on parboiled rice extended till March 31 next year

After banning the export of broken rice in September 2022 and halting non-basmati white rice exports in July, the Centre had imposed a 20 percent duty on parboiled rice on August 25, effective till October 15, 2023.

Govt imposes 20% export duty on parboiled rice

The move comes a month after the government had imposed a ban on the export of widely consumed non-basmati white rice.

Of duties and discounts: All you need to know about the govt's latest onion price control measures

In volume terms, the volume of onions exported from India was 89 percent higher in June and 30 percent higher in April-June compared to the same period last year.

Asia's largest onion market stops trade indefinitely to protest against Centre's 40% export duty

The All India Kisan Sabha, one of the leading farmers' bodies, has appealed to all APMCs across Maharashtra to halt the trading of onions.

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Robust domestic demand to keep India’s steel exports to Europe muted in FY24

Production disruptions in Europe because of maintenance shutdowns and other reasons aren’t likely to translate into gains for Indian steelmakers.

NMDC: Free cash flow, higher dividend yield to give valuation a leg-up

Higher steel production will lead to higher iron ore consumption; domestic prices are at a steep discount to import prices.

Steel export duty rollback: Too little, too late?

With steel prices having crashed, it may seem like there’s little to benefit from the removal of export duty. In some scenarios, companies could still benefit

Steel sector: Does export duty roll-back change anything for ferrous metals?

Exports of steel remains unprofitable given that import prices are lower than domestic prices.

SAIL: Better numbers likely from December 2022 quarter

Investors should watch for recovery in volumes, steel prices

Government may phase out export duty on steel, flat products may come first: Sources

Industry experts have been urging the government to roll back the levy as it increases uncertainty in the export market. They maintained that the duty was a double whammy as it put the export margin under pressure at a time when the prices had started correcting, taking cues from falling international coking coal rates

Steel companies singed by export levy

Tata Steel's steel sales fell by 20 percent sequentially in June quarter after exports suffered due to the levy

Windfall tax 'is a very heavy amount imposed': ex-CMD of ONGC

The government has imposed Rs 23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices.

High export tariff of 45 percent to make iron ore pellet export unviable: ICRA

The Government of India slapped a hefty 45 percent levy, from nil, on the export of iron ore pellets from May 21.

JSW Steel earmarks Rs 20,000cr capex in FY'23, hopes export duty to be short-lived

JSW Steel has earmarked Rs 20,000 crore capital expenditure in the current fiscal and hoped that headwinds such as export duty on steel and high coking coal prices are likely to be short-lived, a top company official said.

EEPC predicts steel product prices to fall by 10% for primary producers

This would benefit the engineering goods manufacturers and their exports to become more competitive in the global markets, said EEPC India chairman Mahesh Desai

Export duty hike on steel items to hit projects under PLI scheme: Indian Steel Association

Imposition of export duties on steel products will send a negative signal to investors and adversely impact capacity expansion projects under PLI scheme, steel industry players said after the government removed customs duties on raw materials and hiked export taxes to check local prices.

Imposing, removing export duty on commodities policy decision of govt: Centre to Supreme Court

A bench of Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli, which had kept the two PILs filed by lawyer M L Sharma and NGO Common Cause' respectively on the issue for hearing on Thursday, has now listed them for further hearing on November 26.

See no positive impact from just scrapping export duty: Balrampur Chini

The Indian sugar mills have requested Centre for exports backed by loss-mitigation and requested State government to participate in cane pricing, said to Vivek Saraogi, MD Balrampur Chini.

Commodities@Moneycontrol: Sugar export duty likely to be scraped

Domestic consumption is estimated at 26 million tonnes, and markets are betting on 1.5 million tonnes of exports in the next 6-7 months.