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Exports of iron ore lumps and fines with less than 58% Fe will attract nil export duty & with more than 58% Fe will attract lower export duty of 30%

Government restores status quo on iron ore; withdraws export duty on steel

PGurus Newsdesk - 2
Import duty concessions on Anthracite/ PCI coal, coking coal, coke and semi coke and ferronickel have been withdrawn Restoring the status quo as was prevailing...
The imposition of 40% duty will come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023

Centre imposes 40% duty on onion exports till December 31

PGurus Newsdesk - 1
Onion exports are subject to a 40% duty by the Centre with immediate effect On Saturday, the Centre imposed a 40% export duty on onion...
Efforts by the government have enabled creation of a more conducive manufacturing ecosystem for the Indian toy industry

India rises as ‘toy-making hub’ with 239% surge in exports

PGurus Newsdesk - 0
India emerges as toy-making hub with 52% drop in toy imports in 8 years, 239% jump in exports With a massive rise in exports by...
Centre is taking various measures to bring down food prices such as the ban on exports and reducing customs duty on edible oils

Customs duty exemption extended on masoor dal till March 2025

PGurus Newsdesk - 0
Centre extends Customs duty exemption on masoor dal until 31 March 2025 to stop inflation The Centre has extended the Customs duty exemption on masoor...
The MEP of $800 per metric tonne translates into about Rs 67 per kg

Centre notifies minimum export price of $800 per metric tonne on onion

PGurus Newsdesk - 0
After import duty, MEP of $800/MT on onions to ensure availability The government has notified the minimum export price (MEP) of $800 per metric tonne...
The decision was taken after it was found that Chinese exporters were exporting steel products to other countries at a highly reduced price

Centre imposes anti-dumping duty on select Chinese steel for 5 years

PGurus Newsdesk - 0
India clamps down on Chinese steel The Centre has imposed an anti-dumping duty on some Chinese steel for five years after it was found that...
Non-Basmati white rice constitutes about 25 percent of total rice exported from the country

Centre prohibits export of non-Basmati white rice in an attempt to increase domestic availability

PGurus Newsdesk - 0
Govt bans white rice exports forthwith to control price On Thursday, the Centre prohibited the export of non-Basmati white rice, aiming to prevent its price...
Reduction in customs duty will help to reduce the production cost, thereby providing a competitive edge to stakeholders of aquaculture industry

India’s seafood exports likely to reach all-time high of US $8 bn in FY22-23

PGurus Newsdesk - 1
Indian seafood industry to clock $ 8 billion mark in exports in FY22-23 India's seafood exports are likely to reach an all-time high of US...
Centre makes changes to facilitate and ease international trade transactions in Indian Rupees

Centre amends Foreign Trade Policy; allows rupee settlement in export promotion schemes

PGurus Newsdesk - 1
With the aim to boost trade, govt allows rupee settlement in export promotion schemes The Commerce Ministry said in a statement that the Central government...
In the letter, Banerjee said the Centre's decision to impose a 20% customs duty on premium rice varieties such as Gobindobhog has badly affected its export

WB CM Mamata Banerjee writes to PM Modi, seeks customs duty exemption for Gobindobhog...

PGurus Newsdesk - 1
Mamata Banerjee seeks waiver of 20% Gobindobhog customs duty Chief Minister of West Bengal, Mamata Banerjee wrote to Prime Minister Narendra Modi, urging him to...
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