India imposes 20% import tax on Saccharin imports from China

New Delhi: Now import of Saccharin, a kind of sweetener, from China would attract 20 per cent countervailing duty, according to official notification. The product would attract 20 per cent... Read more »

Oilmeal exports plunge 73 pc to 98,871 tn in August

New Delhi: Oilmeals exports declined sharply by 73 per cent to 98,871 tonnes in August due to high prices of soybean meal in the domestic market, according to the... Read more »

Another booster soon to prop up exports

New Delhi: A reduction in import duty on coloured gems and polished diamonds and extension in tax benefits for new SEZ units beyond March 2020 are among the steps... Read more »

Commerce Min to brief PM on RCEP on Friday

New Delhi:  The commerce ministry will give a detailed presentation on the progress of the proposed mega free trade agreement RCEP to Prime Minister Narendra Modi on Friday, sources... Read more »

Govt works on system for vendor assessment on GeM portal

New Delhi: To ensure sale of quality products on the platform, public procurement portal GeM is working on a mechanism for carrying out vendor assessment, according to an official.... Read more »

Registration with SIMS must for import of 215 iron, steel items

New Delhi: The government has made it mandatory for traders to register themselves with Steel Import Monitoring System to import 215 iron and steel products, according to a notification... Read more »

FDI in India soars 28% in Apr-Jun

New Delhi: Foreign direct investment in India surged by 28 per cent to USD 16.33 billion in April-June 2019 compared to USD 12.75 billion in the year ago period.... Read more »

Amazon plans to enter physical retail with private labels

New Delhi:  Amazon is planning to enter the physical retail market as part of its efforts to ward off competition from Reliance and Flipkart which is also looking to... Read more »

DGTR releases final PCN methodology in filament yarn dumping probe

New Delhi: The DGTR has released the final PCN methodology in its ongoing investigation into alleged dumping of certain types of filament yarn from China, Korea, Taiwan and Thailand.... Read more »

Govt imposes 5% safeguard duty on palm oil imports from Malaysia

New Delhi: The revenue department on Wednesday imposed 5 per cent safeguard duty on imports of refined palm oil from Malaysia, taking the customs levy to 50 per cent... Read more »