Import Duty

Friday, Apr 19, 2024 | Last Update : 01:57 PM IST

Will work with gems, jewellery industry on import duty demand: Goyal

The industry is demanding cut in gold import duty to 4 per cent from the current 12.5 per cent.

23 Nov 2019 1:05 PM

The Trump administration on Sunday began collecting 15 per cent tariffs on more than USD 125 billion in Chinese imports. (Photo: Representational)

China, US kick off new round of tariffs in trade war

The extra tariffs of 5 pc and 10 pc were levied on 1,717 items of a total of 5,078 products originating from the US.

02 Sep 2019 11:45 AM

So far, US have imposed tariffs of around USD 250 bn on Chinese goods, while Beijing has reciprocate with tariffs of USD 110 bn on US goods.

13 per cent companies will leave China ‘in the fairly near future’: Trump

A fresh set of tariffs are set to be imposed on Chinese products from September 1.

31 Aug 2019 1:54 PM

Govt plans to create an oilseed fund by imposing the 5 per cent surcharge, or cess, that will be used to help Indian farmers step up oilseed production. (Representational Image)

Govt plans extra tax on vegetable oil imports to boost domestic output: sources

India currently imposes a 40 per cent import tax on crude palm oil and 50 per cent on refined palm oils.

26 Aug 2019 11:19 AM

Apple Inc’s Chief Executive Tim Cook. (AP Photo/Marcio Jose Sanchez)

Apple CEO warns Trump about China tariffs, Samsung competition

Apple’s MacBook laptops and iPhones would not face the additional tariffs until December 15.

19 Aug 2019 9:54 AM

The Confederation of All India Traders (CAIT) has "given the call to boycott Chinese products to make China understand the repercussions of supporting Pakistan".

Traders body calls for boycott of Chinese goods, seeks up to 500 pc import duty

The issue will be discussed in a national conference of traders from all states convened by CAIT on August 29.

18 Aug 2019 5:34 PM

Indian tariffs on US goods unacceptable: Donald Trump

The trade row has prompted both countries to raise tariffs and created unease over the depth of their security alliance.

10 Jul 2019 8:47 AM

The gems and jewellery industry has expressed disappointment with the Union Budget 2019-20.

Hike in gold import duty part of policy to curb non-essential imports: Revenue Secy

Hike in gold import duty to 12.5 per cent from 10 per cent could lead to problems like smuggling.

08 Jul 2019 11:39 AM

This decision has been carefully taken. The government has assessed that (smuggling) dimension as well, said Finance Secretary Subhash Chandra Garg. (Photo: PTI | File)

Govt assessed smuggling dimension while raising import duty on gold: Finance Secy

Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.

07 Jul 2019 1:45 PM

India, the world’s second biggest gold consumer after China, were offering discounts of up to USD 30 an ounce.

Gold discounts at three-year peak after import duty increase

Gold futures jumped more than 2 per cent following the budget announcement to hit a record high of 35,100 rupees per 10 grams.

06 Jul 2019 1:12 PM

The bullion industry has been demanding lowering of import duty on gold to 4 per cent from 10 per cent as the current account deficit has lowered to much comfortable levels compared to what it was in 2011 and 2012.

Budget 2019: Gold and silver all set to become costlier by 2.5 per cent

Apart from the duty hike, rupee appreciation too lifted gold prices by Rs 900.

06 Jul 2019 6:53 AM

Trade friction between India and the US has escalated after US President Donald Trump announced plans earlier this year to end preferential trade treatment for India.

India further delays retaliatory tariffs on US products: official

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

27 Apr 2019 5:19 PM

India has raised the price at which it buys new-season wheat from local farmers by 6 per cent to 1,840 rupees per 100 kg for 2019. (Photo: PTI)

India hikes wheat import duty to support local farmers

The hike in duty is likely to make imports of wheat unviable for flour mills even after recent declines in global prices

27 Apr 2019 1:02 PM

The new tariff structure was to come into force from April 1.

India delays levying retaliatory tariff on US goods to May 2

India has once again delayed the implementation of higher tariffs on some goods imported from the United States.

01 Apr 2019 9:46 AM

Washington and Beijing are battling over the final shape of an agreement that both sides have said they would like to reach.

Tariff on China to continue till deal is reached

Trump imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods.

22 Mar 2019 10:30 AM

India's trade weighted average tariffs are 7.6 per cent, which is comparable with the most open developing economies.

India's import duties not high; within global trade norms of WTO: govt

The bilateral trade has increased to USD 74.5 billion in 2017-18 from USD 64.5 billion in 2016-17.

05 Mar 2019 4:11 PM

The price of steel in India dropped by an average of more than 10 per cent between October and December.

Indian steel firms seek higher duties on steel imports as prices drop

Imports of various grades of steel into India rose by around 8 per cent in the April-December 2018 period.

06 Feb 2019 10:41 AM

India's trade deficit narrowed more-than-expected to USD 12.96 billion in June, 2017.

Gems & jewellery sector seeks cut in gold import duty to 4 pc

Finance minister Arun Jaitley said the 10 per cent import duty on gold was levied to curb current account deficit (CAD).

29 Jan 2019 3:04 PM

India is pressing for exemption from high duty imposed by the US on certain steel and aluminium products.

India again defers duty hike on US products till January 31

According to a notification by the finance ministry, the implementation of the duty hike has been postponed until January 31, 2019.

18 Dec 2018 2:41 PM

CAD widened to 2.4 per cent of the GDP in the first quarter of 2018-19.

Govt hikes import duty on select 17 items to curb CAD

Falling rupee, market bloodbath force govt to take more measures.

12 Oct 2018 8:58 AM

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Mohan Guruswamy

import duty