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import duty
IMPORT DUTY NEWS
Flour millers' federation demands reduction of import duty on wheat to 5-10%
March 04, 2025 4:27 am
India hiked the duty on wheat imports from 30% to 40% in 2019; the CPI-based retail inflation of wheat rose to 8.8% in January 2025.
Budget 2025: Import duty tinkering to see states receiving less
February 02, 2025 5:28 am
Centre has lowered basic customs duty on 37 items with no change in effective rates
Union Budget 2025-26: Govt scraps import duties on smartphone sub-parts in push for local manufacturing
February 01, 2025 6:22 pm
Lifting import duties on these components could amplify local production efforts by smartphone makers in India.
Duty hike likely amid surge in steel imports; DGTR notifies anti-dumping investigation
December 23, 2024 9:27 am
Rating agency ICRA had said that the domestic steel industry’s capacity utilisation in 2024–25 could fall below 80 per cent for the first time in four years due to the surge in imports
‘If they tax us, we tax them the same amount’: Donald Trump's message to India on high tariffs
December 18, 2024 12:14 pm
Speaking to reporters at Mar-a-Lago on Monday, Trump criticised India’s tariff charges, highlighting 100% tariff for some specific US products.
Centre raises import duty on edible oils
September 15, 2024 5:24 am
In a statement, Union Minister of Agriculture Shivraj Singh Chouhan said the Government had taken a decision to “increase import duty on edible oils from 0% to 20%”.
South Korea, UAE agree to slash import duties, strengthen ties
May 29, 2024 5:55 pm
On Tuesday, Sheikh Mohammed met the leaders of some of South Korea's top conglomerates including Jay Y. Lee of Samsung Electronics, SK Group Chairman Chey Tae-won and Kim Dong-kwan of Hanwha Group, which has emerged as a major defence contractor.
Centre cuts base import duty on refined soyoil, sunflower oil to 12.5%
June 15, 2023 2:12 pm
India on Wednesday slashed base import duty on refined soyoil and sunflower oil to 12.5% from an earlier 17.5%, the government said in a notification.
India proposes 15 pc retaliatory duties on 22 items imported from UK against curbs on steel products
September 28, 2022 9:20 pm
In a communication to the World Trade Organisation (WTO), India said it is estimated that the safeguard measures taken by the UK on steel products have resulted in the decline of exports to the tune of 2,19,000 tonnes on which the duty collection would be USD 247.7 million.
‘Protection today hurts a lot more than in the past’
February 26, 2022 1:04 am
“I still don’t see that we will roll back protection with the present government, it doesn’t look to me like there is any constituency within the government to roll back the tariff protection,” Panagariya said, noting that one opening that had happened was the Centre’s push for FTAs.
IMPORT DUTY VIDEOS
MPs demand import duty hike on rubber in Kerala
March 01, 2016 9:48 am
New Delhi, Mar 01 (ANI): Kerala MPs stalled the Parliament proceedings demanding import duty hike on rubber. The MPs protested and urged the government to increase the import duty on natural rubber. Rubber growers have been distressed owing to more than 155 per cent fall in prices in the last five years.
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