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A service for international trade professionals · Friday, March 5, 2021 · 536,386,844 Articles · 3+ Million Readers
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Import Duty News Monitoring

  • Published on Feb 11, 2021

    Cut in duty to abet stainless steel imports

    The massive investment in infrastructure projects is expected to boost steel demand even while the cut in import duty on certain steel products is expected to open up doors for imports. Temporary revocation of Anti-Dumping and Countervailing Duty is …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    Pulses prices are due for correction

    Supportive government regulations coupled with festive season demand helped pulses experience a sharp price uptick in the later part of 2020. As a result, the WPI pulses inflation data remained in the higher bracket shooting to its highest level in October …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    Lack of announcement on edible oil mission disappoints sector

    The Solvent Extractors’ Association (SEA) of India has said that the edible oil industry was expecting the announcement of ‘National Mission on Edible Oils’ in the Budget in line with the Prime Minister’s vision of ‘Aatmanirbharata’. SEA said that …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    Will gold turn cheaper after duty cut?

    The year 2020 was a challenging one for all major economies including India as governments imposed strict measures to limit the virus spread but this impacted economic growth. While the economy came under pressure, the commodities market was also not left …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    What Supreme Court order on INS Viraat means to Alang shipbreaker

    After the Supreme Court ordered a “status quo” with regard to the dismantling of India’s decommissioned aircraft carrier, INS Viraat, the shipbreaker has halted all breaking activities at the Alang shipbreaking yard in Gujarat. What was the Supreme Court …

    Source: Indian Express - Neutral
  • Published on Feb 11, 2021

    Pulses body sees zero impact of customs duty reduction

    India Pulses and Grains Association (IPGA) stated that the reduction in the customs duty in all pulses to 10 per cent has been offset by levying the agriculture infrastructure fund cess, resulting into a zero net impact on the sector. Bimal Kothari, Vice …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    Status quo budget for agriculture and seed industry: FSII

    Ram Kaundinya, Director General, Federation of Seed Industry of India (FSII) commenting on the budget said that 2021-22 budget was “ status quo budget” for agriculture in general and the seed industry. He said that agriculture contributed significantly to …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    Battered by rough weather, seafood sector seeks Centre’s aid

    The crisis-ridden seafood sector has sought the Centre’s support for the release of ₹2,500-crore under MEIS (Merchandise Exports from India Scheme) since April last year. MEIS refunds are pending with the government which, in turn, has put tremendous …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 11, 2021

    There is room for further upside in market; EPS growth to be sharp: Prateek Agarwal

    Most parts of the market should sustain valuations and even improve going forward. The EPS growth over the next two years will be sharp. We are not traditionally midcap bulls but we are positive in this space now, says Prateek Agarwal, Business Head and …

    Source: Economic Times - Uncategorized
  • Published on Feb 11, 2021

    Budget: Mixed announcements for large metal players

    The Budget announcements for the metal industry have focussed on the secondary metal producers (re-cyclers) by reducing the import duties on scrap. It also reduced the import duties on steel to bring down the domestic prices in a bid to help the micro, …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 10, 2021

    Ministries prepare for Vietnam scuffle

    Thai authorities are preparing to oppose Vietnam's plan to impose a 34% anti-dumping tax on sugar imports from Thailand, which is based on a claim that Thai exporters are gaining an advantage over their Vietnamese competitors because of lower costs. …

    Source: Bangkok Post - Neutral
  • Published on Feb 10, 2021

    Tata Steel India business has delivered 20% margin even in worst time

    The steel intensity of growth in India could get higher in the years ahead as India moves more into infrastructure-led and fixed asset investment led growth, says TV Narendran, CEO & MD, Tata Steel. Tata Steel’s India business has once again emerged as …

    Source: The Economic Times - Neutral
  • Published on Feb 10, 2021

    SAISC urges stakeholders to raise steel shortage concerns amid Itac import rebate investigation

    The International Trade Administration Commission (Itac) has reportedly received a policy directive from Trade, Industry and Competition Minister Ebrahim Patel to investigate the creation of a rebate facility of customs and safeguard duties to cover …

    Source: Engineering News - Neutral
  • Published on Feb 10, 2021

    PETER BRUCE: Steel yourself for Ebrahim Patel’s price controls, a loser’s game

    The minister’s efforts to protect a small number of local industries is harming the entire economy BL PREMIUM 10 February 2021 - 17:38 Peter Bruce Way back in the mists of time ArcelorMittal (Amsa, formerly Iscor), SA’s only primary steelmaker (it makes …

    Source: BusinessLIVE - Uncategorized
  • Published on Feb 10, 2021

    Vietnam to impose 34% anti-dumping tax on sugar imports from Thailand

    HANOI: Vietnam said on Tuesday it plans to impose anti-dumping duties on raw sugar that originates in Thailand, claiming soaring imports are undermining its domestic sugar industry. The Vietnamese Industry and Trade Ministry said a 33.88% levy would apply …

    Source: Bangkok Post - Neutral
  • Published on Feb 9, 2021

    ​Chance for India, US to resolve duty dispute as WTO defers ruling

    NEW DELHI: The World Trade Organization has pushed back its dispute panel’s rulings on the US’ tiff with India, the EU and four others nations over higher duties on some steel and aluminium products to the second half of this year on account of the …

    Source: The Economic Times - Neutral
  • Published on Feb 8, 2021

    Charging infrastructure key to fast adoption of electric vehicles

    LAHORE: The approval of the country’s first five-year Electric Vehicle (EV) policy for cars in December has led auto industry analysts and car enthusiasts to predict a rapid and early adoption of the technology by Pakistani customers. But the Chinese …

    Source: Dawn - Neutral
  • Published on Feb 8, 2021

    Garment exporters fear losing premium market

    The Budget’s announcement on increasing customs duty on cotton may cast a shadow on India’s advantage in premium/ high-end garment exports to the world, according to cotton stakeholders. This, according to the trade sources, is primarily due to the …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 8, 2021

    U.S. Court Upholds Trump's Steel Import Tariffs

    U.S. Court Upholds Trump's Steel Import Tariffs USAgNet - 02/08/2021 The U.S. Court of International Trade upheld former President Trump’s Section 232 tariffs on foreign steel, which have been in place since March 2018. The three-judge panel …

    Source: Wisconsin Ag Connection - Neutral
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