'Ban on blending to boost mustard seeds production, cut edible oil imports'
Adani Wilmar, which sells cooking oil under Fortune brand, and Mo...
Imports from China fell during April-July 2020 by USD 6.85 billion: Piyush Goyal
Some of the items exhibiting decline in imports include elec...
Govt again cuts import duty on masoor dal
The import duty on lentil has been reduced from 30 per cent to 10 per cent from countries other than the US.
India begins review of anti-dumping duty on melamine imports from China
Melamine is used for making melamine-formaldehyde, which in turn is used in producing downstream products. Melamine formaldehyde resin used for laminates offer good hardness, resistance to scratch, stain, water and heat.
India may impose safeguard duty on Phthalic Anhydride imports from South Korea
Phthalic Anhydride is a chemical intermediate in plastic industry. “It is considered appropriate to recommend bilateral safeguard measure in terms of Rule 10 of India-Korea CEPA (Bilateral Safeguard Measures) Rules, 2017,” DGTR said.
Import duty on TV component to make local industry uncompetitive, expensive: CEAMA
"This may make domestic manufacturing uncompetitive and expensive. Open-cell panels form nearly 65 per cent of the total production cost of television and the imposition of duty may have an impact on the overall pricing of TVs," said CEAMA President Kamal Nandi.
India opens dumping probe on Malaysia, Vietnam, Thai copper tube, pipe imports
The investigation by India's Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.
Customs authorities to monitor imports under FTAs to curb duty evasion
Customs authorities would be closely watching imports of these products coming from countries with which India has FTAs, from September 21, officials in the finance ministry said, in order to curb evasion of custom duty and rampant misuse of such agreements that was hurting domestic industry.
US, EU, others quiz India’s pulses import curbs, sugar subsidies
At a recent meeting at the World Trade Organization (WTO), they also asked New Delhi about the potential impact of its food stocks on the global market and if it is breaching its support limit for other farm goods like it did for rice.
Govt to impose 5% customs duty on import of open cell for televisions from Oct 1, 2020
Government officials said that price increase due to this duty will not be more than Rs 250 per TV, dismissing claims of substantive price hikes being put forth by the industry.
India plans to increase scrutiny on copper, aluminium imports with an eye on China
Officials in New Delhi are expected to soon ask importers to register with authorities as a first step towards tighter controls that would require permits for individual shipments of the two metals, government sources said. The sources declined to be identified due to the sensitive nature of the discussions.
India begins anti-dumping probe on certain aluminium imports from China
India has begun an anti-dumping probe in the imports of certain flat rolled products of aluminum originating in or exported from China based on a complaint by Hindalco Industries alleging injury to the domestic industry due to the dumped goods.
Importers to do due diligence for availing duty benefits under FTAs from Sep 21: FinMin
This follows completion of the 30-day period that was given to importers and other stakeholders to familiarise themselves with new provisions. The new rules will support the importer to correctly ascertain the country of origin, properly claim the concessional duty and assist customs authorities in smooth clearance of legitimate imports under FTAs.
Importers must prove 35% value addition in origin country to get FTA benefits
Sources said that while the customs authorities were engaging with industry and associations to sensitize them about the changes to rules of origin that kick into effect from September 21 in order to avoid hassles later on, the larger effort of the government will be towards curbing the misuse of the agreements that are hurting domestic industry.