Wheat Import Duty

Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal

Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne

Customs duty raised to 40% from 30% earlier, also relaxes quality norms for wheat procurement

To shore up prices and send a positive signal to farmers to boost planting

There are adequate supplies in the domestic market in view of the bumper crop in 2016-17: Paswan

Barely days before the Centre starts its annual wheat procurement in full strength, it re-imposed an import duty of 10 per cent on the commodity and levied duty of a similar amount on tur (pigeon peas). The estimated revenue implication of both the measures is expected to be around Rs 840 crore at current levels of imports. The import duty on tur has been imposed after a long gap.Announcing the decision in the Lok Sabha, Minister of State for Finance Arjun Ram Meghwal said a notification dated March 17, 2012 has further been amended so as to "impose basic customs duty of 10 per cent on wheat and tur, with immediate effect."Import duty on wheat was abolished in December after wheat and flour prices started rising in the open market due to supply crunch. The waive off enabled private traders to import almost 6 million tonnes of wheat - among the highest in recent times to refill their inventories and cool down prices. Inventories with private companies were running dry due to low ...

With stocks set to cross a record 96 mn tonnes, duty will help ensure payment of MSP to farmers

During the previous season India procured 22.96 mt

India's wheat imports are estimated at 2.5 million tonnes this year, of which 1.5 million tonnes have already landed

Crop growers could get discouraged with decline in prices, may slow down acreage under wheat

Benefit of lower duty will not be fully passed on to millers, as importers had earlier made losses due to higher purchase price

Import duty on crude edible oil may be brought down to 7.5%, on refined to 15%

The move comes amid forecasts for a rebound in Indian crop from a five-year low and should prevent distressed sales by farmers during the harvest