Topic: import duty
Centre Extends Duty-Free Import of Yellow Peas
The Union Government has extended the duty-free import of yellow peas and black gram until March 2027. Yellow peas are a pulse commodity used in food processing, while...
Union Cabinet approves India-Bangladesh Cooperation in Trade
The Union Cabinet recently approved the Memorandum of Understanding signed between the Director General of Trade Remedies of India and Trade and Tariff Commission of Bangladesh. The agreement...
GoI: Anti-Dumping Duty imposed on steel from China, South Korea and Vietnam
The Government of India recently imposed anti-dumping duty on the steel imported from China, South Korea and Vietnam. Highlights The duty has been imposed on steel products that...
Enhanced Import Duty on Bamboo Sticks
The Government of India had recently announced that the import duty on bamboo sticks is to be increased from 10% to 25%. This is to have great impact...
Import duty on Green Energy Equipment hiked by 20% in Budget 2020-21
The Budget 2020-21 that was presented by the finance Minister Nirmala Sitaraman in the Parliament increased the import duty of green energy equipment like cells by 20%. This...
What is GSP in the United States of America?
The United States of America’s Generalized System of Preferences (GSP) is the oldest and largest trade preference program established under the Trade Act of 1974 by the US...
Govt scraps import duty on open cell TV panel used to make TV sets
In a bid to boost domestic manufacturing, the Central government has removed 5% custom duty that was imposed on import of open cell TV panel. Open cell TV...U.S. Considering ‘301 probe’ on India
The Deputy U.S. Trade Representative (USTR) has stated that the U.S. will consider a 301 investigation which is a precursor to tariffs and other trade measures. if the...
India’s ICT products Tariff Consultations in WTO
The European Union (EU), China, and Thailand have expressed their intent to join consultations in a case at the WTO against India’s import duties on certain information and...
Centre increases Wheat Import Duty by 40%
With wheat production at record high, government has raised import duty on wheat from existing 30% to 40% to support local farmers interest. The higher duty will help...
Government raises import duty on 328 textile products to curb imports
Government has doubled import duties on 328 textile products to 20% from existing rate of 10% under Section 159 of the Customs Act, 1962. Earlier in July 2018,...
