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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 8:34 AM GMT

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 12:58 AM GMT

Representational image of farmers cutting and gathering the sugarcane stems while harvesting.

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 10:52 AM GMT

The northward movement in petroleum and commodity prices would also add to export growth. The recent depreciation of indian rupee is also supporting exports though its impact varies from sector to sector and from company to company. Ganesh Gupta, President, FIEO

Govt hikes import duty on select 17 items to curb CAD

Falling rupee, market bloodbath force govt to take more measures.

12 Oct 2018 3:28 AM GMT

At present, there is a 10 per cent import duty on gold. (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 6:32 AM GMT

PDS sugar rate for select groups is also hiked from Rs 15 per kg to Rs 20.

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

8 Jan 2018 7:56 AM GMT

US President Donald Trump will attend the World Economic Forum in Davos later this month, opening up a distinct possibility of a meeting with Prime Minister Narendra Modi. (Photo: PTI/File)

Trump slams India for high tariffs on Harley bikes, warns of...

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

14 Feb 2018 8:23 AM GMT

To improve ease of doing business, a new scheme of self-assessment-based duty-free procurement of inputs required for exports has been introduced.

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 April 2018 6:05 AM GMT

The vessel is the first of Chinas new generation of destroyers. (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.

4 April 2018 4:03 AM GMT

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

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

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

2 April 2018 5:15 AM GMT

Dussehra sales had disappointed the jeweler fraternity. However, they hope to see the latent demand for gold to support Dhanteras sales this time.

Will work with gems, jewellery industry on import duty demand: Goyal

The industry is demanding cut in gold import duty to 4 per cent from the current 12.5 per cent.

23 Nov 2019 7:35 AM GMT

Jewellery market post-August 23, witnessed a downfall of 40 to 50 percent after PMLA provisions came into effect.

Gems & jewellery sector seeks cut in gold import duty to 4 pc

Finance minister Arun Jaitley said the 10 per cent import duty on gold was levied to curb current account deficit (CAD).

29 Jan 2019 9:34 AM GMT