Import Duty | The Asian Age

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The Centre has hiked import duty on edible oils to curb cheaper shipments and boost local prices for supporting farmers and refiners. (Photo: Pixabay)

Govt hikes import duty on edible oils to protect farmers

India imports palm oil mainly from Indonesia and Malaysia and a small quantity of crude soft oil from Latin America.

18 Nov 2017 2:04 PM

Centre partly bends down to hike demand

Union government has also taken the decision to lift the export ban on Tur, Moong Dal and Udid Dal.

10 Nov 2017 6:28 AM

This move is unlikely to have any significant impact on sugar prices or profitability of the sugar mills in the near term.

Raw sugar imports may check price hike in festive season: ICRA

Centre has recently permitted raw sugar import of 0.30 million MT at a concessional duty of 25 per cent.

12 Sep 2017 4:22 PM

Finance Minister Arun Jaitley. (Photo: AP)

Arun Jaitley-led panel reviews edible oil availability

Currently import duty on refined palm oils is 15 per cent, while that on crude palm oil is 7.5 per cent.

28 Jul 2017 9:42 AM

Maharashtra Chief Minister Devendra Fadnavis suggested that the import duty on raw edible oil be increased up to 35 per cent and on refined oil by 50 per cent, a release issued by the CM's office said. (Photo: PTI)

Maharashtra CM seeks rise in import duty of edible oil

Fadnavis said in his letter, higher import duty will give relief to farmers and also an extra excise duty of Rs 8,000 cr to state.

14 Jul 2017 10:57 AM

Sugar stocks today rose by up to 5.4 per cent after government increased import duty. (Representational Image)

Sugar stocks shoot up post import duty hike to 50 per cent

Shares of Shree Renuka Sugars climbed 5.36 per cent and Dwarikesh Sugar Industries 4.69 per cent on BSE.

11 Jul 2017 1:11 PM

Experience for a small entrepreneur to purchase, self-register, set-up and operate a PDO must be simple, low- touch and maintenance-free.

Trai invites firms to be part of paid public wi-fi interface

TRAI has fixed July 25 as the last date for submission of interest from entities.

08 Jul 2017 5:03 PM

Import tax on sugar may be raised by govt, say sources

Government may raise import duty on sugar as cheaper imports are flooding Indian market.

07 Jul 2017 6:02 PM

In India, wholesale price of sugar is ruling above Rs 32, which is viable for mills

Govt mulls hiking import duty on sugar to 60 per cent

Government had in April allowed import of 5 lakh tonnes of raw sugar at zero duty to boost domestic supply.

02 Jul 2017 3:00 PM

CBEC cuts import duty on some steel grades to 5 per cent

CBEC halved import duty on certain grades of steel to 5 per cent with a view to cut cost of raw material for domestic industry.

13 Jun 2017 7:39 PM

At present, gold import attracts 10 per cent duty.

Gold import shrinks 24 pc to USD 23 billion

Total import of the precious metal in the corresponding period of 2015-16 stood at USD 30.71 billion.

09 Apr 2017 11:06 AM

The duty-free imports will be allowed until June 12 under the Tariff Rate Quota.

Govt allows duty free import of raw sugar upto 5 lakh tonnes

Country's sugar production is projected to drop to 22.5 million tonnes in the ongoing 2016-17.

05 Apr 2017 2:19 PM

India, which is world's second-biggest wheat producer, is looking to hinder wheat imports at a time when farmers are harvesting their crops.

Import duty on wheat, dal back

Last December, the government had reduced customs duty on wheat to zero from 10 per cent to boost domestic availability.

29 Mar 2017 3:39 AM

Government had reduced customs duty on wheat to zero from 10 per cent to boost domestic availability and check retail prices.

Govt slaps 10 per cent import duty on wheat, tur dal

As per the government's second estimate, wheat production is estimated at record 96.64 million tonnes in the 2016-17.

28 Mar 2017 1:53 PM

Private traders have imported 1.72 million tonne (MT) wheat so far and total inbound shipments are expected to cross 2 MT this year.

Centre mulls scrapping import duty on wheat

FCI's wheat procurement remained lower at 22.9 MT even during year as private traders were active.

07 Dec 2016 3:20 PM

The government has received representations from the steel industry to increase the import duty.

Govt not to raise import duty further on steel products

Govt has increased basic customs duty on ingots and billets, alloy steel and non-alloy long products from 5 per cent to 7.5 per cent.

02 Dec 2016 3:57 PM

Gems and jewellery exporters have demanded cut in the import duty to boost exports.

No proposal to cut import duty on gold: Govt

During April-October 2016-17, exports declined marginally by 0.2 per cent.

02 Dec 2016 2:45 PM

Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.

Govt slaps anti-dumping duty on steel imports

The government will gradually lower the duty from 10 per cent this year to 6 per cent by 2019.

24 Nov 2016 12:28 PM

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Syed Ata Hasnain