Import Duty

An increasingly import-dependent domestic edible oil market may add further complexity to New Delhi's ties with Moscow and Washington

The directive follows cuts in import duties on sunflower, soybean and palm oils as the government seeks to moderate domestic prices and ease inflationary pressures

The government has cut import duties on crude palm and soya oils to 5 per cent and crude sunflower oil to zero, with lower rates on refined oils taking effect on September 24

Seven UK-based carmakers sought concessional-duty quotas for 642 vehicles after India invited applications for 10,480 units under the bilateral trade agreement for 2026

MHI says lower import duty is enabling dumping of foreign electric truck tractors in India

The recycling industry has urged the government to abolish the 2.5 per cent duty on aluminium scrap to promote the circular economy. The duty removal will help lower input costs for recyclers and downstream manufacturers and become competitive globally, the Material Recycling Association of India (MRAI) said. The country remains dependent on imported aluminium scrap to meet industrial demand, it noted. In a letter to the Prime Minister's Office (PMO), the body requested to abolish the existing 2.5 per cent basic customs duty (BCD) on aluminium scrap. "India currently depends on imports to meet nearly 80-85 per cent of its aluminium scrap requirement," it said. Making uninterrupted access to imported scrap is indispensable for sustaining domestic manufacturing and the growth of the recycling industry. MRAI highlighted that India's secondary aluminium production has grown from 0.85 million tonnes in FY16 to nearly 2.2 million tonnes in FY26 and now accounts for around 35 per cent o

The customs duty exemption on around 40 critical petrochemical products was introduced on April 2 as a temporary and targeted relief measure and was scheduled to end on June 30

The government is likely to take a call on extending import duty exemption on about 40 products beyond June 30, after analysing the evolving situation in West Asia and associated revenue implications, an official said on Thursday. To safeguard the domestic industry from supply chain disruptions, the government in a "temporary and targeted relief" had exempted import of critical petrochemical products from customs duty effective April 2. Customs duty was cut to 'nil' across 40 different products, including Anhydrous Ammonia, Toluene, Styrene, Vinyl chloride monomer, and others. The duty exemption, which is valid till June 30, was intended to benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, other manufacturing segments. Officials said associated revenue consideration will have to be considered while deciding on whether the import duty exemption would be extended. "A decisi

India will allow the import of 3.78 lakh units of conventional-engine passenger cars, including those in the mass segment, from the UK at concessional customs duty during the first 15 years of the implementation of the trade pact between the two countries. Under the pact, tariffs on automotive imports will fall from about 110 per cent to 10 per cent, with quotas on both sides. According to the India-UK CETA document, released on Wednesday, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment with duty-free exports to that country from the sixth year in the price segment ranging from GBP 20,000 to GBP 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. This will benefit Indian manufacturers such as Tata Motors Passenger Vehicles, Mahindra & Mahindra, and Maruti Suzuki, among others. The two countries announced the implementation of the comprehensive trade and economic partnership ...

Goyal said the government has no plans to cut non-essential imports into India as of now

Prime Minister Narendra Modi on Sunday appealed to Indians to reduce their gold purchases for a year in a move to encourage foreign exchange savings amid the crisis in West Asia

India, Indonesia ​and Laos last year accounted for $4.5 billion in US solar imports, about two-thirds of the ‌total, according to government trade data

India trade remedies authority has recommended an anti-dumping duty of $3,453 per metric ton on imports from China of DASDA

Now, CBIC has prescribed the eligibility criteria not only for manufacturers but also for traders who send imported goods to job-workers registered under the Goods and Services Tax (GST) laws

With the US imposing a 125.87% duty on Indian solar equipment, industry players warn of export disruption and renew calls for SEZ manufacturers to sell in the domestic market without duty impact

ACE's Sorab Agarwal urges urgent safeguard or anti-dumping duties on Chinese crawler excavators and tower cranes, warning that predatory pricing and subsidies are rapidly eroding India's market share

Policy hurdles, high royalties and red tape keeping global explorers away, warns report

The US government said Monday it is placing a 17 per cent duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff. Proponents said the import tax will help rebuild the shrinking US tomato industry and ensure that produce eaten in the US is also grown there. Mexico currently supplies around 70 per ccent of the US tomato market, up from 30 per cent two decades ago, according to the Florida Tomato Exchange. But opponents, including US companies that grow tomatoes in Mexico, said the tariff will make fresh tomatoes more expensive for US buyers. Tim Richards, a professor at the Morrison School of Agribusiness at Arizona State University, said US retail prices for tomatoes will likely rise around 8.5 per cent with a 17 per cent duty. The duty stems from a longstanding US complaint about Mexico's tomato exports and is separate from the 30 per cent base tariff on products made in Mexico and the European Union that President Donald Trump announc

India has imposed anti-dumping duty on four Chinese chemicals so far this month to guard domestic players from unfairly priced imports from the neighbouring country. These duties were imposed on -- PEDA (used in herbicide); Acetonitrile (used in pharma sector); Vitamin -A Palmitate; and and Insoluble Sulphur. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed will be levied for a period of five years on imports of these chemicals. The duties were imposed following recommendations for the same from the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry. While on PEDA, the duty will range from USD 1,305.6 to USD 2017.9 per tonne, a duty of up to USD 481 per tonne has been imposed on Acetonitrile imported from China, Russia and Taiwan. Similarly, the government has imposed a duty of up to USD 20.87 per Kg duty on Vitamin -A Palmitate imported from China, European Union and Switzerla

The 'Beating Retreat' ceremonies have resumed at Attari, Hussainiwala, and Sadiqi borders, 10 days after the conclusion of Operation Sindoor.