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May 17, 2023 05:05 PM IST This visit could mark a turning point in the relationship between India and Tesla, as the EV maker is yet to establish a notable presence in the country.
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March 30, 2023 11:55 AM IST The import duty waiver will come into effect from April 1.
- February 01, 2023 04:06 PM IST
The increase will plug a loophole that enables natural rubber to be imported at a lower duty by passing it off as compounded rubber.
- January 09, 2023 06:14 PM IST
The low duty difference of 7.5 per cent is a boon for Indonesian and Malaysian refiners.
- July 20, 2022 08:49 PM IST
The ex-NITI Aayog Vice Chairman said studies have shown that import duties have been raised on as many as 3000 tariff lines in recent years.
- July 14, 2022 08:41 PM IST
Thangamayil Jewellery mentions in its annual report that June’22 quarter was its best ever quarter in history. While the stock has corrected by about 25 percent in the past six months, market share gains from unorganised players provides a huge growth opportunity. MC Pro recommends long-term investors to add the stock to their portfolio. Here's why!
- June 29, 2022 01:03 PM IST
India had earlier offered the UK lower duties on alcohol, but the UK has demanded an immediate and steep reduction of tariffs.
- May 30, 2022 04:15 PM IST
The minister for Textiles and Commerce & Industry held an interactive meeting with the newly constituted Textile Advisory Group in Mumbai on Saturday to address issues relating to augmenting present supplies of cotton and also strengthening productivity.
- May 24, 2022 10:26 PM IST
Ultimately, if prices of this important raw material do dip, it would help auto OEMs in better cost management, right-pricing to improve affordability and generate demand from consumers, and eventually margin expansion
- May 23, 2022 10:21 AM IST
This would benefit the engineering goods manufacturers and their exports to become more competitive in the global markets, said EEPC India chairman Mahesh Desai
- May 22, 2022 11:00 AM IST
The tax on the export of iron ores and concentrates has been hiked to 50 per cent, from 30 per cent, while that on iron pellets a 45 per cent duty has been imposed
- April 14, 2022 08:08 PM IST
South India Small Spinners Association (SISPA) on Thursday said the removal of import duty would help the mills affected by frequent rise in the cotton prices to buy cotton at cheaper prices and also help more arrivals, SISPA president J Selvan said in a statement.
- March 21, 2022 03:00 PM IST
Discussions on market access for Australian dairy products and meat, apart from Australia’s discomfort with opening up services exports, are the major sticking points in the deal, talks on which had begun in 2011.
- February 17, 2022 05:36 PM IST
The ‘early harvest’ deal includes tariff reduction and market access for more exports, and will be followed by a comprehensive free trade agreement later. Announced in September 2021, negotiations on the deal were completed in record time.
- February 13, 2022 08:02 AM IST
The CBIC in a notification also extended the validity of reduced import duty on crude palm oil and other crude oils by six months till September 30.
- February 02, 2022 09:22 AM IST
Union Budget 2022: Finance Minister Nirmala Sitharaman announced in her Budget speech on February 1 that customs duty on imported umbrellas will be raised for 10 percent to 20 percent.
- February 01, 2022 01:43 PM IST
Union Budget 2022: For electronics, customs duty rates will also be calibrated to provide a graded rate structure to facilitate domestic manufacturing
- January 29, 2022 04:50 PM IST
A slowly stabilizing trade deficit has given the government room to put off raising import duties at the moment, sources say.
- January 13, 2022 12:31 PM IST
Tesla CEO Elon Musk had tweeted on Wednesday that the company is "still working through a lot of challenges with the government" to launch its cars in India.
- January 13, 2022 09:34 AM IST
Elon Musk, CEO of Tesla Motors, said his company is "still working through a lot of challenges with the government".
- October 18, 2021 01:29 PM IST
Sharp cuts in duty rates and imposition of stock limits have set the stage for a climbdown in edible oil prices. Will consumers benefit?
- September 11, 2021 05:54 PM IST
The base import tax on crude palm oil has been slashed to 2.5 percent from 10 percent, while the tax on crude soyoil and crude sunflower oil has been reduced to 2.5 percent from 7.5 percent, the government said in a notification late on Friday.
- May 28, 2021 01:41 PM IST
Increasingly raised by domestic industry in a year marred by volatility in trade and rising costs, the issue of the inverted duty structure has re-acquired prominence. While everyone - from businesses, the Centre, state governments and tax authorities - unanimously think it's a problem, the responsibility of how to solve it has again been thrust upon the GST Council, the constitutional body that makes recommendations to the Union and state governments on issues related to GST.
- May 27, 2021 02:36 PM IST
The structure leads to working capital challenges for businesses and creates additional compliance requirements and ultimately more costs. Demands from domestic industry to fix the anomaly has gained pace since the pandemic-induced industrial slowdown began.
- March 22, 2021 04:42 PM IST
Palm stearin, a by-product of CPO, is used in the food industry for the production of bakery fats like Vanaspati and margarine shortenings. It is also used in the cosmetics and personal care industry.
