India explores US steel imports to counter Trump tariffs, eyes safeguard duties on China
NEW DELHI : India is weighing its options to increase purchase of specialised steel – items not made in the country – from the USA as a counter to the proposed Trump tariffs. There are also
Significant reduction in gold smuggling after import duty slash : CBIC Chairman
NEW DELHI : Gold smuggling has reduced significantly since July 2024 when the government slashed import duty on the precious metal to 6%, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Kumar Agarwal
India to cut tariffs on 30 products including luxury cars and bikes, before PM Modi’s US trip
NEW DELHI : India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially leading to higher imports from the United States, a senior finance ministry official
Budget 2025: Trade think tank GTRI bats for cut in average import tariff to 10%
NEW DELHI : The Global Trade Research Initiative (GTRI) proposed six reforms for Budget 2025-26 to boost India’s trade and manufacturing. The proposals include reducing the average import tariffs to around 10 percent to
Indian Railways collaborates with RKFL and TWL to reduce reliance on China
NEW DELHI : Indian Railways, which is mainly dependent on China for its forged wheel requirements, has collaborated with an Indian firm to reduce imports, officials said. According to Railways, it has been importing
India-Nepal Inter-Governmental Committee Meeting on trade transit and cooperation to combat unauthorised trade concludes in Kathmandu
KATHMANDU : The India-Nepal Inter-Governmental Committee (IGC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade was held in Kathmandu from January 10-11, 2025. India has showed concerns over the problems faced by its
India’s newest LNG import terminal welcomes its first cargo
NEW DELHI ; The latest Indian LNG import terminal, owned by state-owned Hindustan Petroleum Corporation Limited (HPCL), has just received its first cargo of the super-chilled fuel, HPCL officials told. The terminal is undergoing
Budget 2025: Gold industry seeks import duty cuts, GST clarity
NEW DELHI : The Union Budget, scheduled for February 1, has the gold sector hopeful for reforms that boost growth and formalisation. Aksha Kamboj, Executive Chairperson of Aspect Global Ventures and Vice President of