Page 3 - Import Duty Hike

Toy importers go on strike after Union Budget imposes 200% duty hike

Protesting the move, the toy wholesalers of the city went on a one-day strike, contending that the import duty hike will result in the closure of businesses and a spur in unemployment.

Govt likely to restore 2% additional duty incentive on mobile phones export

This duty benefit, which will help boost exports, is expected to continue till March 31, 2020

A lesson to learn: Economic problems can have counter-intuitive solutions

From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan

Commerce Ministry seeks cut in gold import duty in Budget to push export

In the last Budget, the government has increased the import duty on the yellow metal to 12.5%

Govt imposes anti-subsidy duty on copper wire rods import from 4 nations

DGTR has recommended imposition of the duty on the imports of 'continuous cast copper wire rods' from Indonesia, Malaysia, Thailand and Vietnam

Budget makes petrol, diesel costlier, raises tax on super-rich, gold import

Corporate tax on companies with turnover of up to Rs 400 crore has been slashed to 25 per cent from current 30 per cent