A finance ministry source said taxing imported fuel is unlikely to increase prices and only two Indian airlines currently import some jet fuel
These items accounted for only 2.8% of total import bill in FY18
This is likely to force firms to raise the prices of consumer durables as imported components will get costlier
Travel portal Yatra.com Sharat Dhall said the imposition of 5% customs duty on ATF is bound to have a 'negative impact' on the carriers
The total value of imports of the 19 items in last fiscal year ended March was about Rs 860 billion
The government is also trying to curb imports of 'non-essential' items to support the rupee
Mark Linscott, was set to visit India, with an aim to dissuade New Delhi from implementing the tariff hike of 29 US agro products, which has been in the works from June
Govt should walk the talk on protectionism
The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments
Import duties had been increased for an even broader set of products and goods in the textile categories back in October 2017
India has prepared a crafty list to counter US President Donald Trump's repeated threats of cutting trade while aiming to reduce the impact on domestic businesses.
Move an extension of domestic manufacturing push after govt hiked import duty on LCD/LED TV panels to 15% in 2018 Budget
Trump signaled tit-for-tat duties against India's barriers on motorcycles, while the German Ambassador to India, Martin Ney, questioned the decision to raise custom duty on the import of auto parts
The move is aimed at curbing cheaper imports and ensure remunerative prices to domestic growers
The estimated revenue implication of this decision is about Rs 840 crore
Import duty on wheat was reduced to 10% from 25% to boost supplies and check prices during festivals.
The govt on Friday lowered the import duty on wheat to 10% from 25%
Edible oil players cry foul, say cut was needed for CPO and not for refined oil, duty cut in wheat to benefit south Indian flour millers
Edible oil import duty cut despite kharif production set to rise 40% in 2016-17
Central Board of Excise and Customs said import duty on potatoes has been reduced from 30 per cent to 10 per cent till October 2016