Page 4 - Import Duty

Open cells used in TV manufacturing to attract 5% import duty from Oct 1

The TV industry has been arguing that it is under pressure as price of fully built panel has gone up by 50% and customs duty of 5% on open cell would lead to a rise in TV price by about 4%

CII wants end to inverted duty structure to make India an exporting nation

Industry body has asked for policies to hike country's share in global merchandise trade to 5% and services export to 7% by 2025

Jewellery industry urges govt to cut import duty on gold, polished diamonds

Agrawal also announced that GJEPC is coming up with a new show in Jaipur in Rajasthan -- India Gem and Jewellery Show -- to be held from April 1-3, especially for international buyers.'

Toy importers go on strike after Union Budget imposes 200% duty hike

Protesting the move, the toy wholesalers of the city went on a one-day strike, contending that the import duty hike will result in the closure of businesses and a spur in unemployment.

Budget 2020: Govt may cut import duty on raw material for fertiliser sector

During April-December 2019-20, the country's crude and manufactured fertiliser imports grew by 8.47 per cent to USD 6.2 billion.

Centre likely to impose 25% safeguard duty on single-mode optical fibre

Imports in the category jumped three times to $ 180 million in 2018-19, from only $51.3 million in the preceding year

Budget 2020: Commerce ministry seeks a reduction in import duty on gold

Gross export of gems and jewellery declined by 5.3% to $27.7 bn for the first nine months of this FY

Commerce Ministry seeks cut in gold import duty in Budget to push export

In the last Budget, the government has increased the import duty on the yellow metal to 12.5%

Govt working on strategy on import regulation of non-essential items

The target is to formulate these regulations for about 5,000 products but the current focus is on 371 items which accounts for $127 billion worth of imports

TV panel sales dip; manufacturers ask govt to lower GST, scrap import duty

The panel makers further said the exit of India from ICC World Cup also led to a decline in panel sales

Duty on gold hiked to curb non-essential imports, says Revenue Secy

He was replying to a question on concerns being raised by certain quarters that the hike in gold import duty to 12.5% from 10% could lead to problems like smuggling

Import duty misstep

Higher tariffs on components hurt manufacturing

Fearing backlash at WTO, India rules out import duty hikes for copper, iron

Despite repeated requests from industry, govt does not want to raise levy on inbound metals

Donald Trump wants India to dilute 'very high' whiskey tariff of 150%

At a White House event on the Reciprocal Trade Act on Thursday, Trump flashed out a green colour board with examples of non-reciprocal tariffs from various countries

Why TV manufacturers may shift out of India if import duties aren't reduced

Manufacturers now say that while the government is effectively cutting off their access to foreign imports, it hasn't been able to create a suitable supply of components in the domestic sector

Govt to stop use of gift route by e-commerce firms to skirt import duties

According to experts, some Chinese app-based and e-commerce players are misusing a rule in the foreign trade law of India

No anti-dumping duty on Chinese, Korean, Taiwanese dust control films

The product is a kind of specialty polyethylene/polyester film

Are we over-protecting India? Tariff hikes could do more harm than good

Govt believes higher import duties on 19 non-essential items will help control the current account deficit, but analysts point out they might only reduce imports by 0.1 per cent

Uncertainty rises on trade outlook

Whether all these items, on which tariffs were increased by the Finance Ministry, are indeed non-essential is debatable

The illogicality of raising import duties

Several items, which now attract higher levies, have seen a decline or slowdown in imports