Import duty removal expected to help put India on world map as auto testing hub
NEW DELHI : To encourage foreign automakers to test their vehicles in India, the Centre has decided to remove import duty on automobiles brought in for testing at its agencies such as International Center
Union Budget 2023 : Import duty on toys hikes to 70%
NEW DELHI : The government on Wednesday increased the import duty on toys and its components to 70 per cent with a view to cut inbound shipments of these products and boost domestic manufacturing
Gujarat High Court needs Govt’s reply for FOB basis taxing on imports
AHMEDABAD : The Gujarat High Court has issued notice to the Centre seeking its response by February 1 on the incidence of double taxation faced by imports carried out on a Free on Board
New UAE rule: Attestation mandatory for import invoices worth Dh10,000 above; violators to face fines
Companies in UAE will soon be subject to a new compliance requirement as they would be required to attest import invoices with a value of Dh10,000 and above by the UAE Ministry of Foreign
Indian diamond traders hit by Rupee risks amid Russia supply woes
NEW DELHI : In spite of the efforts made by Indian diamond traders to secure more uncut product from Russia and allay an export slump in the world’s biggest polishing hub are being hampered by currency risks. Supplies
India to discontinue import of crude soybean oil from April 2023 : DGFT
NEW DELHI : Indian Government has decided to discontinue import of crude soybean oil under tariff rate quota (TRQ) from April 1 this year, an official said on Wednesday. TRQ is a quota for a volume
Anti-dumping duty slapped on silica import from China
NEW DELHI : India has imposed anti-dumping duty on untreated fumed silica, used in the production of pharmaceuticals, cosmetics, dyes and food additives, for five years to offset the impact on domestic industry from dumped imports
Commerce Ministry shares list of items with ministries to cut imports
NEW DELHI : The Commerce Ministry has shared a list of as many as 102 products whose imports are high and are increasing consistently such as coking coal, certain machinery, some chemicals, and digital cameras to different ministries to look