Import Duty Hike

In FY 2018-19, bilateral trade between China and India was worth $88 billion, with a trade deficit of $53.5 billion in China’s favour, the widest India has with any country

India to hike import duty on solar equipment in coming years: Power Minister

He assured that the rise in import duty will not impact solar energy bidding process in India.

Govt hikes import duty on electronic items, telecom gear to ease pressure on rupee

The government had last month increased import duty on high-end consumer items as a part of its plan to get foreign funds flowing back to India, and to reduce CAD and stabilise the rupee

Further fall in aluminium prices may lead to production cut

Last week, the Aluminium Association of India (of which Vedanta, Hindalco and others are part of) met the Mining Secretary, as well as Chairman of Excise and Customs seeking import duty hike of 10 percent from current 5 percent.

Steel companies fear recession if metal fall continues

Raising concerns over the price cut, Ankit Miglani, Deputy Managing Director, Uttam Galva says “every month prices will correct downward in near future until the global prices stop falling”.

Import duty hike on gold jewels logical step: PC Jeweller

According to Sanjeev Bhatia, the hike in import duty on gold jewellery was an overdue move to rationalise the duty structure after the duty on raw material went up to 10 percent.

Hike in gold duty would encourage smuggling: PC Jeweller

Sanjeev Bhatia, CFO of PC Jeweller told CNBC-TV18 that hike gold import duty will encourage smuggling of the yellow metal.

Gold wholesalers sell old stocks as prices fall

Gold wholesalers in India, the world's biggest buyer of the metal, rushed to sell their stocks purchased before the import duty hike to lock in profits and cut inventory costs.