Import Duty | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 05:33 AM IST

import duty Page-2

IndiGo is the only carrier that meets a portion of fuel consumption by directly bringing ATF from overseas.

Import duty on ATF not to make big impact on airlines

Industry sources said the low-cost private carrier’s total import accounts for 10-12 per cent of its fuel bill.

28 Sep 2018 10:56 AM

Aviation stocks tumbled up to 5 per cent on Thursday after the government raised import duty on jet fuel. (Photo: Pixabay)

Airline stocks fall up to 5 pc on hike in import duty of jet fuel

Shares of Jet Airways tumbled 4.82 per cent, SpiceJet 1.95 per cent and InterGlobe Aviation 1.27 per cent on BSE.

27 Sep 2018 4:50 PM

India is yet to take a call on complying with the US sanctions on Iran.

FinMin, RBI working out mechanism to ensure smooth India-Iran trade

The commerce secretary says India will impose duties on imports within WTO norms.

26 Sep 2018 8:17 AM

China does not know why the United States has changed its mind after reaching an agreement with China on trade earlier.

China says hard to proceed on trade with US putting ‘knife to its neck'

US tariffs on $200 billion worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of US products.

25 Sep 2018 10:39 AM

Walmart confirmed it sent the letter and in a statement to Reuters urged the two countries to find solutions.

Walmart warns Trump tariffs may force price hikes: letter

The letter comes days after US President Donald Trump slapped tariffs on $200 billion worth of Chinese goods.

21 Sep 2018 9:22 AM

The rupee had collapsed to a historic intra-day low of 72.99 against the US dollar on Tuesday.

Finance Ministry pegs dollar value at Rs 73.65 for computing import duty

The conversion rate for computation of duty on export of goods has been fixed at Rs 71.95 to a dollar.

20 Sep 2018 6:39 PM

In the three months to end-June, India became a net steel importer for the first time in two years, with foreign supplies reaching 2.1 million tonnes.

India considers raising import duty on steel to support rupee: reports

Steel ministry has proposed increasing import duty on some steel products to 15 pc from from 5 per cent to 12.5 per cent.

19 Sep 2018 11:13 AM

The administration last month had slapped tariffs on an initial USD 34 billion in Chinese products, and Beijing responded in kind. (Photo: File)

US-China trade talks end with no breakthrough

The US-China talks this week were the first since discussions in June failed to produce any agreement.

24 Aug 2018 11:46 AM

Soon trigger Trump’s unveiling of a second $200 billion to $300 billion list of Chinese goods to be targeted with US tariffs.

US, China to resume trade talks in Washington amid low expectations

Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported to the United States.

22 Aug 2018 12:15 PM

Increase in duties would give an edge to domestic manufacturers as imported products are currently cheaper.

Govt doubles import duty on 328 textile items to 20 per cent

Exports of all textile ready made garments dipped by 12.3 per cent to USD 13.5 billion.

07 Aug 2018 2:11 PM

India hits US with import duty hikes

India has said the duty imposed by the US had affected steel exports by $198.6 million and aluminium shipments by $42.4 million.

22 Jun 2018 5:41 AM

German luxury car maker Audi on Monday said it is offering a limited period customer benefit scheme.

Audi offers discounts of up to Rs 10 lakh on select models

Company said discounts will range from Rs 2.7 lakh to Rs 10 lakh on its popular models A3, A4 and A6 sedans along with SUV Q3 till June.

28 May 2018 2:10 PM

Prabhu will visit Washington and New york during his five-day visit beginning from June 10.

Prabhu to raise visa, steel duty, WTO issues with USTR

India's exports of steel and aluminium products to America stood at about USD 1.5 billion every year.

25 May 2018 1:54 PM

India’s merchandise exports in March fell 0.7 per cent year-on-year to USD 29.1 billion.

India's March exports fall amid trade tensions

Trade deficit for the year ending in March widened to $156.8 billion from $105.72 billion in the previous year.

14 Apr 2018 11:35 AM

China is keeping the big-ticket items like soybeans, sorghum and Boeing airplanes for heavy tariffs to counter Trump's heavy tariffs. (Photo: Twitter)

Ready to fight trade war till the end: China to US

China imposed tariffs on 128 US imports worth USD 3 billion, including meat, fruit and pork.

04 Apr 2018 9:33 AM

China’s suspension of its tariff concessions is a legitimate action adopted under WTO rules to safeguard China’s interests.

China imposes additional tariffs in response to US duties on steel, aluminium

China has slapped extra tariffs of up to 25 per cent on 128 US products including frozen pork

02 Apr 2018 10:45 AM

‘I’m not blaming India. I think it s great that they can get away with it. I don t know why people allowed them to get away with it,’ Trump said. (Photo: File)

Trump slams India for high tariffs on Harley bikes, warns of ‘reciprocal tax’

Indian industry experts said the import duty rates have been rationalised for these motorcycles as it's been an industry demand for long.

14 Feb 2018 1:53 PM

Lower import tax could boost India’s gold demand and support global prices that are currently trading near their highest in 17 months. (Photo: PTI)

Gold demand wanes as jewellers expect import tax cut in budget

Tax evaders prefer to buy smuggled gold since they do not have to pay the 3 per cent GST.

30 Jan 2018 12:02 PM

World’s biggest consumer is likely to start new marketing year on October 1, 2018 with an opening stock of 4 million tonnes.

India has no plan now to raise import tax on sugar, govt source says

India will have enough sugar to meet domestic demand without overseas purchases

08 Jan 2018 1:26 PM

This comes as a bad news especially for Apple, who imports a majority of its offerings to the country.

Raise import duty affects majority of iPhone models in India

The raised import duty on electronic items is intended to make homegrown brands reap better business.

17 Dec 2017 5:31 PM

2 of 3

Columns

Sanjeev Ahluwalia