Steel Ministry plans to raise customs duty on finished steel imports
India’s Ministry of Steel has proposed to increase the basic customs duty on finished steel imports to 15% from the current 7.5%. The Union Budget
Get informed about the ever-changing landscape of shipping and maritime policies. Explore regulatory frameworks, sustainability initiatives, and policy implications on the industry. Click to stay ahead!
India’s Ministry of Steel has proposed to increase the basic customs duty on finished steel imports to 15% from the current 7.5%. The Union Budget
The outlay for the government’s new Production Linked Incentive (PLI) scheme for the steel sector is approximately Rs 4,300 crore. The revised scheme aims to
According to the think tank Global Trade Research Initiative (GTRI), if India were to join the Regional Comprehensive Economic Partnership (RCEP) accord, it would not be the first choice for investors looking to pursue a China+1 strategy. It also cautioned that the move would result in flight of domestic capital in the manufacturing sector out of India and that introducing tariff-free
For Customs Cargo Service Providers (CCSPs), the Central Board of Indirect Taxes and Customs (CBIC) has implemented significant relaxations. Enhancing logistics infrastructure, increasing efficiency, and
For exporters who have claimed duty credits above Rs 1 crore under the Remission of Duties and Taxes on Export Products (RoDTEP) scheme, the Director
The Government of India has made a significant change to its export policy by requiring exporters who benefit from the Remission of Duties and Taxes
Following the latter’s failure to begin mining operations at Devadari in Karnataka, India’s largest iron-ore merchant miner, NMDC, a Central Public Sector Enterprise (CPSE) under
To protect its own industry from low-cost imports from the neighbouring nation, India has placed a five-year anti-dumping levy on five Chinese products, including cellophane
The Directorate General of Foreign Trade (DGFT) removed the $490 a tonne minimum export price on non-basmati white rice with immediate effect. Similarly, the Department
India’s Ministry of Steel has proposed to increase the basic
The outlay for the government’s new Production Linked Incentive (PLI)
According to the think tank Global Trade Research Initiative (GTRI), if India were to join the Regional Comprehensive Economic Partnership (RCEP) accord, it would not be the first choice for investors looking to pursue a China+1 strategy. It also cautioned that the move would result in
For Customs Cargo Service Providers (CCSPs), the Central Board of
For exporters who have claimed duty credits above Rs 1
The Government of India has made a significant change to
Following the latter’s failure to begin mining operations at Devadari
To protect its own industry from low-cost imports from the
The Directorate General of Foreign Trade (DGFT) removed the $490
