Page 6 - Import Duty

TV panel sales dip; manufacturers ask govt to lower GST, scrap import duty

The panel makers further said the exit of India from ICC World Cup also led to a decline in panel sales

Duty on gold hiked to curb non-essential imports, says Revenue Secy

He was replying to a question on concerns being raised by certain quarters that the hike in gold import duty to 12.5% from 10% could lead to problems like smuggling

Import duty misstep

Higher tariffs on components hurt manufacturing

Fearing backlash at WTO, India rules out import duty hikes for copper, iron

Despite repeated requests from industry, govt does not want to raise levy on inbound metals

Donald Trump wants India to dilute 'very high' whiskey tariff of 150%

At a White House event on the Reciprocal Trade Act on Thursday, Trump flashed out a green colour board with examples of non-reciprocal tariffs from various countries

Why TV manufacturers may shift out of India if import duties aren't reduced

Manufacturers now say that while the government is effectively cutting off their access to foreign imports, it hasn't been able to create a suitable supply of components in the domestic sector

Govt to stop use of gift route by e-commerce firms to skirt import duties

According to experts, some Chinese app-based and e-commerce players are misusing a rule in the foreign trade law of India

No anti-dumping duty on Chinese, Korean, Taiwanese dust control films

The product is a kind of specialty polyethylene/polyester film

Are we over-protecting India? Tariff hikes could do more harm than good

Govt believes higher import duties on 19 non-essential items will help control the current account deficit, but analysts point out they might only reduce imports by 0.1 per cent

Uncertainty rises on trade outlook

Whether all these items, on which tariffs were increased by the Finance Ministry, are indeed non-essential is debatable

The illogicality of raising import duties

Several items, which now attract higher levies, have seen a decline or slowdown in imports

ATF import duty: Airlines see stock slide but unlikely to take a major hit

A finance ministry source said taxing imported fuel is unlikely to increase prices and only two Indian airlines currently import some jet fuel

Govt raises import duties on 19 major items to curtail widening CAD

These items accounted for only 2.8% of total import bill in FY18

Impact of import duty hikes: Festive offers by companies to dry up

This is likely to force firms to raise the prices of consumer durables as imported components will get costlier

Duty on aviation turbine fuel to hit airlines; fares likely to go up

Travel portal Yatra.com Sharat Dhall said the imposition of 5% customs duty on ATF is bound to have a 'negative impact' on the carriers

Govt hikes import tariffs on 19 items; ACs, refrigerators, footwear hit

The total value of imports of the 19 items in last fiscal year ended March was about Rs 860 billion

Govt likely to hike import curbs on various items, will spare gold: Source

The government is also trying to curb imports of 'non-essential' items to support the rupee

Higher import duties on 29 key US products likely from September 18

Mark Linscott, was set to visit India, with an aim to dissuade New Delhi from implementing the tariff hike of 29 US agro products, which has been in the works from June

Repeating past mistakes

Govt should walk the talk on protectionism

Govt doubles import duty on 50 textile products to promote domestic goods

The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments