Trade calls for renegotiating duty concession for pepper to curb imports
Business

Trade calls for renegotiating duty concession for pepper to curb imports

[ad_1] Surging imports of black pepper have evoked a call from the traders for taking measures, including the re-negotiation of the duty concessions and fixing

India-UK FTA: Duty concession on Scotch to boost premium drive of distillers
Business

India-UK FTA: Duty concession on Scotch to boost premium drive of distillers

[ad_1] Representative image | Photo Credit: Shaiith Country’s premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement

India’s safeguard duty slashes steel imports but fails to end net importer status in April
Business

India’s safeguard duty slashes steel imports but fails to end net importer status in April

[ad_1] Safeguard duty drove imports down from 0.58 mt in March, while exports fell 17 per cent from 0.46 mt.   | Photo Credit: ANINDITO MUKHERJEE

Govt may mop up ₹33,000 cr from April excise duty hike of petrol, diesel
Business

Govt may mop up ₹33,000 cr from April excise duty hike of petrol, diesel

[ad_1] Government sources had said that the hike of ₹50 per 14.2 kg LPG cylinder is likely to generate around ₹10,000 crore in FY26. The

India excludes diamond, silver, smartphones, optical fibres from duty cuts to UK under FTA
Business

India excludes diamond, silver, smartphones, optical fibres from duty cuts to UK under FTA

[ad_1] The quota for imports of British electric vehicles at concessional rate of customs duty is limited only to “few” thousands India will not give

Prawn farmers seek cut in import duty of aquaculture inputs
Business

Prawn farmers seek cut in import duty of aquaculture inputs

[ad_1] Representative image | Photo Credit: BALACHANDAR L Prawn farmers have urged the Government to remove import duties on essential aquaculture inputs including brood-stock and

To shore up revenues, govt revised excise duty on petrol, diesel 13 times since 2014 when oil prices fell
Business

To shore up revenues, govt revised excise duty on petrol, diesel 13 times since 2014 when oil prices fell

[ad_1] The government’s penchant for increasing excise duty during times of low global crude oil prices has been in practice since 2014, a mechanism that

Cooking gas price up by ₹50; excise duty of ₹2/litre for OMCs
Business

Cooking gas price up by ₹50; excise duty of ₹2/litre for OMCs

[ad_1] On a day when international crude oil (Brent) prices fell to its lowest level since August 2021, the government hiked excise duty on petrol

Trump to China: Drop retaliatory tariffs or face additional 50% US duty hike
Business

Trump to China: Drop retaliatory tariffs or face additional 50% US duty hike

[ad_1] U.S. President Donald Trump on Monday warned of an additional 50% tariff on China if Beijing does not roll back its retaliatory duties on

Indian honey exporters hope US will ease anti-dumping duty
Business

Indian honey exporters hope US will ease anti-dumping duty

[ad_1] The government may also review the minimum export price fixed for honey whether to reduce it or completely abolish after the US tariff India,

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