Following the 43 per cent rise in import of paper and paperboard within the first half of FY24 and the 25 per cent improve in quantity phrases in FY23, India’s paper business has requested for a hike within the import obligation on paper within the upcoming Finances to make sure a stage enjoying discipline for … Read more
The federal government shouldn’t minimize import duties on digital parts utilized in making smartphones within the forthcoming Finances as the present tariff construction has already confirmed profitable and altering them may hurt native manufacturing, a GTRI report stated on Monday. Additionally learn:Proposed India-Oman free commerce pact to probably decrease import duties on 80% items: GTRI … Read more
The federal government has no plans to import wheat and sugar as there may be sufficient availability domestically, Commerce & Business Minister Piyush Goyal has mentioned. The Minister additionally mentioned that the Centre was not contemplating any proposal, as of now, to take away the export ban on wheat, rice and sugar. “Wheat manufacturing is … Read more
The Centre has prolonged the import obligation exemption on masur dal (lentils) by one other yr until March 31, 2025. The Ministry of Finance, by means of a rare gazette notification dated December 21, 2023, prolonged the import obligation reduction on lentils. Import of lentils are being allowed duty-free to assist comprise inflation. Within the … Read more