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A service for international trade professionals · Thursday, February 25, 2021 · 535,911,488 Articles · 3+ Million Readers
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Import Duty News Monitoring

  • Published on Feb 20, 2021

    After steel, cement prices set to increase

    After steel, prices of cement are also set to increase  by this week, which industry insiders say will raise the cost of public construction projects  and building homes. This is the impact of price hike of clinker, the main  raw material of cement, in the …

    Source: Daily Star - Neutral
  • Published on Feb 20, 2021

    SMEs feel the heat as copper prices hit the roof

    The sharp spike in the benchmark LME (London Metal Exchange) copper prices to $8,806 a tonne from $7,755 from start of this month has put scores of small and medium enterprises in a tizzy — particularly when the demand is reviving slowly after the Covid …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 20, 2021

    Gold Price Hits 8-Month Low as Real Rates Jump, Inflation Forecasts Fall from 6-Year High

    GOLD PRICES fell beneath November's low to hit the weakest in 8 months in Asian trade Friday, falling against a rising US Dollar as Asian stock markets fell over 1%.   Bullion priced for settlement in London then rallied $10 per ounce from that low of …

    Source: Bullionvault.com - Neutral
  • Published on Feb 20, 2021

    Airbus CEO urges trade war ceasefire, easing of COVID travel bans

    Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com. PARIS - The head of European planemaker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat …

    Source: Fox News - Right-wing
  • Published on Feb 20, 2021

    Government banking on BCG model to propel recovery

    The bio-, circular and green (BCG) economy is being touted by the government as a new model to bolster economic recovery. The first meeting of a management committee to drive the BCG economy, chaired by the prime minister, in January approved a five-year …

    Source: Bangkok Post - Neutral
  • Published on Feb 19, 2021

    What the Supreme Court said in 1985, on how newsprint duties impact freedom of the press in India

    Part 2 of the series ‘Free to Air’ In 1985, the Indian government began levying import duty on newsprint imported from abroad along with an auxiliary customs duty. This resulted in an increase in the price of newspapers and reduced their circulation. These …

    Source: Times of India - Uncategorized
  • Published on Feb 19, 2021

    Govt Confirms Increased Business Support Measures for February

    HM Government of Gibraltar is pleased to confirm that the BEAT support measures will continue for the month of February as announced by the Chief Minister in his press conference last week. The BEAT measures will comprise of the following measures; 1. …

    Source: Vox - Uncategorized
  • Published on Feb 19, 2021

    Indian exports pick up as additional port opened

    Indian rice exports gained momentum this week after an additional port was opened in the country's biggest rice-handling facility, potentially easing congestion. Waiting periods at the Kakinada Anchorage Port had reached up to four weeks, compared with …

    Source: The Hindu - Left-wing
  • Published on Feb 19, 2021

    FAAC shares N640.3bn to FG, states, and LGAs

    The committee in its communique explained that the amount shared by the Federal Government, States and Local Government Areas (LGAs) included cost of collection to different agencies involved. It noted that N640.310 billion shared included cost of …

    Source: Pulse - Uncategorized
  • Published on Feb 19, 2021

    Ag groups ask feds to stop phosphate countervailing tariffs

    News Ag groups ask feds to stop phosphate countervailing tariffs Agricultural groups have asked federal officials not to impose countervailing duties on phosphate fertilizers from Russia and Morocco.   Scott Gerlt with the American Soybean Association …

    Source: Brownfield - Neutral
  • Published on Feb 19, 2021

    Govt exempts gold imported by jewellery exporters from agriculture cess

    The Finance Ministry has exempted import of gold, silver bars and dore by jewellery exporters from the 2.5-per cent Agriculture Infrastructure and Development Cess. However, it maintains that the precious metal imported for domestic use will attract AIDC …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 19, 2021

    Rice exports pick up momentum on easing of congestion at Kakinada port

    Indian rice exports gained momentum this week after an additional port was opened in the country’s biggest rice-handling facility, potentially easing congestion. Waiting periods at the Kakinada Anchorage Port had reached up to four weeks, compared with …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 19, 2021

    FG, States, LGAs share N640.3bn for January

    The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and National Planning, said this was made known in a …

    Source: News Diary Online - Uncategorized
  • Published on Feb 19, 2021

    FAAC Shares N640.310bn to 3 Tiers of Govt for Jan. 2021

    By Tony Obiechina, Abuja The Federation Accounts Allocation Committee (FAAC), at its Virtual Meeting on Thursday shared to the three tiers of government, a total sum of N640.310 billion as federation allocation for the month of January, 2021. From this …

    Source: Prompt News Online - Neutral
  • Published on Feb 18, 2021

    GJEPC welcomes govt move to exempt AIDC on gold, silver for exporters; says to boost exports

    The Gem and Jewellery Export Promotion Council (GJEPC) on Thursday welcomed the government's move to exempt the Agriculture Infrastructure and Development Cess (AIDC) on gold and silver bars and dore for exporters, and said it will boost jewellery …

    Source: Economic Times - Uncategorized
  • Published on Feb 18, 2021

    BoI tackles BCG economy technology

    The Board of Investment (BoI) is looking into more business categories for high technology as part of efforts to promote the bio-, circular and green (BCG) economy. Duangjai Asawachintachit, the BoI's secretary-general, said related agencies are busy …

    Source: Bangkok Post - Neutral
  • Published on Feb 18, 2021

    Steel price hike hurt farm equipment makers, SMEs: Rajkumar Arumugam, AMMA

    Mumbai: A surge in steel prices since June has hurt agricultural downstream industries, like farm equipment makers and wired fencing contractors, and has even resulted in the closure of many small and medium industries. “Prices across farm equipment like …

    Source: Economic Times - Uncategorized
  • Published on Feb 18, 2021

    Manufacturing for the world - A bold Budget adds to the momentum

    Beset by problems of low productivity and the availability of cheaper import substitutes, the manufacturing sector's share in India's GDP has remained range bound for the past 20 years. Though India has moved up in the World Trade Organisation' …

    Source: The Economic Times - Neutral
  • Published on Feb 17, 2021

    Customs duty standardisation on edible oils, pulses: Much to learn from developed nations

    G CHANDRASHEKHAR The Union Budget, tabled in Parliament by Finance Minister Nirmala Sitharaman on February 1, has standardised at a lower level different rates of customs duty on various vegetable oils and pulses. The basic customs duty is now 15 per cent …

    Source: The Hindu Business Line - Neutral
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