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Import Duty

Pulses Market Update: Yellow Peas Import Confusion & Lentil Duty Impact | AFTA President explains

Pulses Market Update: Yellow Peas Import Confusion & Lentil D...

Mon, Mar 10, 2025

There are two news on pulses, know what is the confusion on yellow pea import and also see what will be the impact of import duty on lentils, watch Mrituenjay Jha's conversation with AFTA President, Sunil Baldeva.

Cut import duty in phased manner under India-UK trade pact on alcoholic beverages: CIABC

Cut import duty in phased manner under India-UK trade pact on alc...

Tue, Feb 25, 2025

Alcoholic beverage industry body CIABC on Tuesday urged the government to consider reducing the import duty in a phased manner under the proposed free trade agreement between India and the UK.

Union Budget 2025: Will import duty increase from May 1?

Union Budget 2025: Will import duty increase from May 1?

Sun, Feb 02, 2025

Import duty increased on gold and silver! Will import duty increase from May 1? Know complete details from Jhanvi

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Sri Lanka lifts ban on vehicle imports

Sri Lanka lifts ban on vehicle imports

Sat, Feb 01, 2025

The ban was continued when Sri Lanka suffered its economic crisis triggered by forex shortage.

Dry fruits body NDFC seeks import duty rationalisation, lower GST in Budget

Dry fruits body NDFC seeks import duty rationalisation, lower GST...

Wed, Jan 22, 2025

The Nuts and Dry Fruits Council of India (NDFC) on Wednesday urged the government to rationalise walnut import duty on a per-kilogram basis, reduce GST to 5 per cent, and introduce a production-linked incentive scheme for the sector in its pre-budget proposals.

CBIC clarifies on display assembly of mobile phones for levy of 10% import duty

CBIC clarifies on display assembly of mobile phones for levy of 1...

Sat, Jun 08, 2024

It also said components, including the frame, SIM tray, and side keys like power/volume button, when fitted/attached to the display assembly, integrated display assembly can be imported at the concessional 10 per cent customs duty.

Government extends zero import duty & agri-cess exemption on masur till March 2025

Government extends zero import duty & agri-cess exemption on...

Sat, Dec 23, 2023

The government has extended current effective zero import duty on masur dal (lentil) till March 2025 in order to ensure steady supply of the key pulse from the international market and keep domestic prices under check.

Govt needs to reduce import duties on inputs, capital goods to lessen need for export schemes: GTRI

Govt needs to reduce import duties on inputs, capital goods to le...

Fri, Nov 24, 2023

This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws, it said.

Commodity Superfast: Govt Discontinues Import Of Crude Sunflower & Soybean Oil Under Tariff Rate Quota

Commodity Superfast: Govt Discontinues Import Of Crude Sunflower...

Wed, Mar 01, 2023

The government had allowed duty-free import of 2 million tonnes of crude sunflower oil and 2 million tonnes of soybean oil under TRQ till March 2024. Import of crude soybean oil was discontinued under TRQ in the month of January this year. Now the import of crude sunflower oil is being discontinued from April 1.

Commodity Special: What Will Be The Impact On Prices Due To Increase In Duty On Edible Oil? Watch This Special Report

Commodity Special: What Will Be The Impact On Prices Due To Incre...

Fri, Feb 10, 2023

How justified is the industry's demand on edible oil? What will be the impact on prices due to increase in duty on edible oil? Now will the price of edible oil increase or decrease? Watch this commodity special show with Mrituenjay Kumar Jha.

Budget: Govt to cut import duty on raw material for lab-grown diamonds

Budget: Govt to cut import duty on raw material for lab-grown dia...

Wed, Feb 01, 2023

In her budget speech, Finance Minister Nirmala Sitharaman said that India is a global leader in the cutting and polishing of natural diamonds, contributing about three-fourths of the global turnover by value.

India proposes 15% retaliatory duties on 22 items imported from UK against curbs on steel products

India proposes 15% retaliatory duties on 22 items imported from U...

Wed, Sep 28, 2022

India has proposed additional customs duties of 15 per cent on the import of 22 products, including whiskey, cheese and diesel engine parts, from the UK in retaliation to Britain's decision to impo

Gold Prices May Increase By Around Rs 100/gram: Prithviraj Kothari, President, IBJA

Gold Prices May Increase By Around Rs 100/gram: Prithviraj Kothar...

Fri, Jul 01, 2022

Gold prices may increase by around Rs 100/gram: Prithviraj Kothari, President, IBJA. Watch the exclusive conversation.

Gold Prices May Increase By Around Rs 2500, Gold Will Now Attract 15.75% Duty, Says Surendra Mehta

Gold Prices May Increase By Around Rs 2500, Gold Will Now Attract...

Fri, Jul 01, 2022

An increase of around Rs 2500 is possible in gold prices in futures and retail. Gold will now attract 15.75% duty: Surendra Mehta, Secretary, IBJA. Watch this video for details.

Import Duty On Gold Increased By 5% From Today, Will It Be Expensive To Buy Gold?

Import Duty On Gold Increased By 5% From Today, Will It Be Expens...

Fri, Jul 01, 2022

Revenue Department issued notification on import duty of gold. Import duty on gold increased by 5% from today. Watch full news in this video.

Government not to impose countervailing duty on certain aluminium products from Malaysia

Government not to impose countervailing duty on certain aluminium...

Mon, Jun 06, 2022

Countervailing duty is a country-specific duty imposed to safeguard the domestic industry against unfair trade subsidies provided by local governments of exporting nations.

Government allows duty-free import of 20 lakh tn per year of crude soyabean, sunflower oil; applicable for FY23, FY24

Government allows duty-free import of 20 lakh tn per year of crud...

Tue, May 24, 2022

Last week to control spiralling prices, the government had cut excise duty on petrol and diesel and also waived import duty on some raw materials used in steel and plastic industry. Besides, export duty was hiked on iron ore and iron pellets

Govt slashes import duty on edible oil – twice in 1 month! Will that bring prices down during festive season? See this REPORT

Govt slashes import duty on edible oil – twice in 1 month! Will t...

Mon, Sep 13, 2021

Government is working to bring the price of edible oil down during the festive season. This is because the price of edible oil have shot up by 50 per cent over a 1 year period

Budget 2021 | Drastically reduce in Import Duty on Gold-Silver

Budget 2021 | Drastically reduce in Import Duty on Gold-Silver

Mon, Feb 01, 2021

Import Duty on Gold-Silver dropped from 12.5% to 7.5%, with an Agri Infra Cess of 2.5%. Agri cess will be levied on import duty.

Good news for paper sector! Import duty hike, ban on Chinese imports likely; check Anil Singhvi analysis

Good news for paper sector! Import duty hike, ban on Chinese imp...

Mon, Jun 22, 2020

In a good news for the paper sector and likely relief for local manufacturers, Zee Business has learnt from its Commerce Ministry sources that import duty may soon be hiked to 20-25% in this segment. Also, a ban may be imposed on cheap Chinese imports as well.

Import tariffs on FTA countries are creating Inverted Duty Structure in India; Government should correct it: Atul B Lall, Dixon Technologies

Import tariffs on FTA countries are creating Inverted Duty Struct...

Fri, Jul 19, 2019

The duty increase that you are referring about on CCTV and Air Conditioners then it is in the same direction. I feel, these steps will give a boost to the Make in India and also help to Indian industry, Atul B Lall, Dixon Technologies.

India cuts duty on crude, refined palm oil imported from ASEAN

India cuts duty on crude, refined palm oil imported from ASEAN

Tue, Jan 01, 2019

The government has cut import duties on crude and refined palm oil effective Tuesday to comply with preferential trade pacts with Southeast Asian nations.

Modi govt imposes another duty hike; cell phones, washing machines, more to get more expensive

Modi govt imposes another duty hike; cell phones, washing machine...

Fri, Oct 12, 2018

The second such move by the government in a two week span, was announced late on Thursday to raise import barriers to curtail the import of goods it deems as "non-essential" items.

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