State-owned gas utility GAIL India Ltd will bring the shipload of LNG from Gazprom at Petronet LNG Ltd's import terminal here, official sources said. Beginning of supplies from Russia comes within weeks of India importing its first ever LNG cargo from US under a long-term import deal.
The report said China's cabinet has decided to cut the levy without elaborating further. Bloomberg previously reported Beijing was considering cutting the tariff rate to as low as 10 percent.
The court also asked the government to consider implementing the ambitious National Clean Air Programme (NCAP) in Delhi first as the people here were "struggling" due to pollution. The NCAP is aimed at tackling the air pollution problem in 100 cities across the country.
The list, shared exclusively with Moneycontrol, has 42 areas to “reduce cost and dwell-time of cargo” at clearance points at ports. Of these, 20 amendments relate to exports and 22 relate to imports
GAIL has a deal to buy 3.5 million tonne a year of liquefied natural gas (LNG) for 20 years from Cheniere Energy of the US and has also booked capacity for another 2.3 million tonne (MT) at Dominion Energy's Cove Point liquefaction plant.
"As a result of initiatives taken by the Government under the aegis of National Policy on Electronics, 2012, the domestic production of electronic items has increased substantially and the growth rate of import of electronic items has declined during the last three years," Minister of state for electronics and IT K J Alphons informed the Rajya Sabha today.
New Delhi will point out that the quantum of duty raised is not WTO-compliant as it is way beyond its ‘bound rate’, which acts as ceiling on tariffs
Reacting swiftly to the US move overnight to hike import duties, China has announced new tariffs on US goods worth USD 50 billion.
Earlier in the Budget 2018-19, the government had hiked customs duty on mobile phones to 20 percent from 15 percent.
India had imported 213.93 million tonnes (MT) of crude oil 2016-17 for USD 70.196 billion or Rs 4.7 lakh crore.
"At present, there is no proposal to review the gold import policy," Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Lok Sabha.
Trump's instructions to his officials came at his Cabinet meeting last Thursday on March 8, the day he issued a proclamation to impose a 25 per cent tariff on import of steel and 10 per cent on aluminum.
Mexico and Canada are the only two countries that have been given temporary exemption because of the ongoing negotiations with them on North America Free Trade Agreement (NAFTA). The tariff would come into effect in 15 days.
Trump's plan for stiff and sweeping steel and aluminium import tariffs would face retaliation from America's top trading partners, the European Union and China.
State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy's Sabine Pass liquefaction facility in Louisiana.
The U.S. Commerce Department has recommended Trump impose curbs on steel and aluminum imports from China and other countries, giving Trump a range of options. Trump has until April to make a decision.
Earlier, import of motorcycles with engine capacity of 800cc or less used to attract 60 per cent duty, while those with capacity of 800cc or more attracted 75 per cent duty.
Earlier, import of these non-prime products called as seconds or defectives were not permitted through these ports.
The Joint Planned Committee (JPC) under the Steel Ministry has suggested abolition of basic customs duty on import of steel melting scrap, AIIFA Secretary General Kamal Agarwal claimed, adding that the recommendation should be considered.
According to a statement by the body, the move will help create jobs and promote overall economic development of the country's vast rural hinterland housing pulpwood plantations.
In its pre-budget wish list, the Indian Stainless Steel Development Association (ISSDA) has sought removal of customs duty on key raw materials used in producing stainless steel.
These include nuclear, oil, gas, coal, petrochemical and aircraft equipment, the Ministry of Finance said on its website.
Gujarat Credo Mineral Industries and Chemicals India have filed an application before the Directorate General of Anti- dumping and Allied Duties (DGAD) for initiation of an investigation into import of 'Zeolite 4A (Detergent Grade)' from China.
China - already the biggest importer of oil and coal - is the world's third biggest user of natural gas behind the United States and Russia, but has to import around 40 percent of its total needs as domestic production can't keep up with demand.
Shipping data in Thomson Reuters Eikon shows LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time.