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2 mins read
Budget import duty cut will boost gold jewellery retailers' revenues by 22-25% this fiscal, notes CRISIL report
The organised jewellery sector, which accounts for just over a third of the overall market, is pois…
ANI
2 mins read
India will spend ₹4.25 lakh crore on 35 lakh planned weddings in Nov-Dec: PL Capital report
India will spend Rs 4.25 lakh crore on projected 35 lakh weddings planned between November to mid-D…
ANI
3 mins read
Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…
ANI
3 mins read
To ease shortage of pulses, government exempts stock limit on kabuli chana
An official gazette notification was put out late on Thursday, but it did not mention the reasons b…
ANI
1 min read
Govt cuts import duty on refined soybean & sunflower oils to 12.5%
The government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent f…
PTI
1 min read
Centre hikes import duty on platinum to 15.4%
Import duty on platinum has been increased to a total of 15.4 per cent with effect from Monday thro…
3 mins read
Indian government is softening the inflation blow with export bans, duty cuts and subsidies
The CPI inflation touched an eight-year high in April, at 7.79%. The rising inflation will not come…
1 min read
Gold import duty hiked to 15% from 10.75% earlier
Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent. Along with …
PTI
1 min read
Diamonds will now be cheaper, imitation jewellery and umbrellas costlier – here are the highlights on how Budget 2022 will impact imports
Diamonds will now be cheaper to purchase in India, while imitation jewellery and umbrellas are amo…
1 min read
Elon Musk wants to bring Tesla to India but high import duties are a challenge
"We want to do so, but import duties are the highest in the world by far of any large country!…
1 min read
Xiaomi, LG and Micromax-backed lobby seeks extension of zero import duty on open cell TV panels
The Indian Cellular and Electronics Association (ICEA) has sought extension of the zero import duty…
3 mins read
Budget 2021: Gems and jewellery industry seeks reduction of import duty to 4%
He further urged the government to keep goods falling under HSN-71 (Harmonised System Nomenclat…
PTI
2 mins read
India risks WTO wrath with higher duties on mobile phones as it seeks to boost domestic manufacturing
Duty on printed circuit board assemblies (PCBA), which is an integral part of mobile phones …
10 mins read
Entire list of imported products that will be more expensive after budget 2020
Finance Minister Nirmala Sitharaman's budget speech specified only a few products like furniture an…
1 min read
Govt proposes to cut import duty on newsprint to 5 pc
New Delhi, Feb 1 () Finance Minister Nirmala Sitharaman on Saturday proposed to cut the import duty…
PTI
2 mins read
Commerce Ministry proposes cut in gold import duty in Budget
New Delhi, Jan 13 () The commerce ministry has sought reduction in the import duty on gold in the f…
PTI
1 min read
Will work with gems, jewellery industry on import duty demand: Goyal
New Delhi, Nov 22 () Commerce and Industry Minister Piyush Goyal on Friday said he will work with g…
PTI
1 min read
SEA urges govt to not cut import duty on crude palm oil
New Delhi, Dec 27 () Edible oil industry body SEA on Friday urged the government to not reduce the …
PTI
3 mins read
Alcohol manufacturers plead NITI Aayog for import duty exemption on ENA
New Delhi, Dec 1 () Indian alcohol manufacturers have approached NITI Aayog, seeking exemption of i…
PTI
1 min read
Jewellery industry urges govt to reduce import duty on gold, polished diamonds
"We have been pursuing with the government constantly with few concerns which require immediate at…