Govt hikes import duty on sugar to 40% from 25%

Last Updated: Wednesday, April 29, 2015, 14:07

Sugar production of India, the world's second largest producer, is estimated to be higher than the domestic consumption for the fifth year in a row this season.

Food ministry for hiking import duty on sugar to 40%

Last Updated: Wednesday, April 15, 2015, 17:30

The Food ministry would recommend a hike in import duty on sugar to 40 percent from the current 25 percent to check sliding price of the sweetener and enable mills to clear mounting cane arrears that has reached almost Rs 20,000 crore so far.

Alarmed by China 'dumping', Minister bats for higher duty on steel

Last Updated: Thursday, April 2, 2015, 18:43

The steel ministry has asked its finance counterpart to raise import duty on the metal amid serious concerns of the industry over "dumping" from China.

Smuggled gold seizures jump as duty stays high

Last Updated: Wednesday, March 18, 2015, 19:37

Trade Minister Nirmala Sitharaman told lawmakers on Wednesday the number of gold seizures in first 10 months of the 2014/15 fiscal year to the end of January had jumped to 3,412 from 2,450 for the whole of the previous year.

Com & Ind Min seeks imposition of import duty on cement

Last Updated: Monday, March 2, 2015, 13:58

The Commerce and Industry Ministry today sought imposition of import duty on cement in order to boost exports from the country and provide a level playing field to domestic manufacturers of the commodity.

Commerce Ministry seeks cut in gold import duty

Last Updated: Thursday, February 26, 2015, 12:27

With a decline in gold imports, Commerce Ministry has sought reduction in import duty on gold, a step that could boost exports and manufacturing of gems and jewellery.

Govt will look into import duty on scrap, FTAs: Minister

Last Updated: Thursday, February 5, 2015, 22:02

The Mines Ministry will look into the issue of import duty on scrap, special additional duty and trade pacts with countries, Union Minister Vishnu Deo Sai said today.

'Govt may consider import duty cut on gold in Budget'

Last Updated: Thursday, February 5, 2015, 19:10

With decline in gold imports, the government may consider 2-4 percent reduction in import duty on it in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.

Steel Ministry seeks hiking of import duty on finished products

Last Updated: Thursday, January 22, 2015, 11:45

The Mines and Steel Ministry has sought import duty hike on finished steel products to 10 percent, besides complete withdrawal of the levy on imports of steel-making inputs such as iron ore and coking coal in the coming Budget.

Gold discounts widest in 17 months, jewellers anticipate duty cut

Last Updated: Wednesday, January 21, 2015, 18:17

Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.