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Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Trump's 'America First' Agenda May Lead To Tighter H-1B Visa Rules: Experts
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the America First' agenda, opined trade experts.
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Centre Slashes Export Duty On Onion To 20%
The government on Friday cut the duty on onion export to 20 per cent from 40 per cent.
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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
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India Lifts Ban On Onion Exports, Minimum Export Price Is...
The government on Saturday lifted the ban on onion exports subject to a minimum export price of USD 550 per tonne, a decision that can help boost income of a large section of farmers.
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Exporters Need To Follow New UK Rules To Avail Duty Benefits
Exporters seeking to avail duty concessions on shipments to the UK will have to adhere to the new British rules under the Developing Countries Trading Scheme (DCTS).
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Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
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India Imposes Anti-Dumping Duty On Some Chines Steel For 5 Years
During April-July, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier.
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Rice Shipments Of 5 Lakh Tonnes Postponed After 20% Export Duty: Exporters
The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.
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Trump Campaign Raises $7.1 Million Since His Arrest In Georgia
The government has imposed a 20 per cent duty on the export of parboiled rice, a move aimed at maintaining adequate local stock and keep domestic prices under check.
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Sun Mission Is Fine, Centre Should Also Focus On Onion Issue: Team Uddhav
The Shiv Sena (UBT) said the Narendra Modi government can send a mission to the Sun, but it should first focus on the onion issue in the country or else the ruling party will not even not realise that their 2024 Lok Sabha endeavour will go haywire.
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Hiked Duty On Onion Exports Must Be Lifted: NCP Chief Sharad Pawar
Nationalist Congress Party (NCP) chief Sharad Pawar has said the 40 per cent duty on onion export must be revoked, and also claimed that the Union government might impose restrictions on sugar exports too.
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Centre's Assurance As Asia's Largest Onion Market Stays Shut For Second Day
Union Commerce Minister Piyush Goyal said procurement of onion crops at the 'historic' price of Rs 2,410 per quintal - a move in response to protests by farmers over the 40 per cent export duty on the staple vegetable - began at noon on Tuesday.
-
Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Trump's 'America First' Agenda May Lead To Tighter H-1B Visa Rules: Experts
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the America First' agenda, opined trade experts.
-
Centre Slashes Export Duty On Onion To 20%
The government on Friday cut the duty on onion export to 20 per cent from 40 per cent.
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
-
India Lifts Ban On Onion Exports, Minimum Export Price Is...
The government on Saturday lifted the ban on onion exports subject to a minimum export price of USD 550 per tonne, a decision that can help boost income of a large section of farmers.
-
Exporters Need To Follow New UK Rules To Avail Duty Benefits
Exporters seeking to avail duty concessions on shipments to the UK will have to adhere to the new British rules under the Developing Countries Trading Scheme (DCTS).
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
-
India Imposes Anti-Dumping Duty On Some Chines Steel For 5 Years
During April-July, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier.
-
Rice Shipments Of 5 Lakh Tonnes Postponed After 20% Export Duty: Exporters
The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.
-
Trump Campaign Raises $7.1 Million Since His Arrest In Georgia
The government has imposed a 20 per cent duty on the export of parboiled rice, a move aimed at maintaining adequate local stock and keep domestic prices under check.
-
Sun Mission Is Fine, Centre Should Also Focus On Onion Issue: Team Uddhav
The Shiv Sena (UBT) said the Narendra Modi government can send a mission to the Sun, but it should first focus on the onion issue in the country or else the ruling party will not even not realise that their 2024 Lok Sabha endeavour will go haywire.
-
Hiked Duty On Onion Exports Must Be Lifted: NCP Chief Sharad Pawar
Nationalist Congress Party (NCP) chief Sharad Pawar has said the 40 per cent duty on onion export must be revoked, and also claimed that the Union government might impose restrictions on sugar exports too.
-
Centre's Assurance As Asia's Largest Onion Market Stays Shut For Second Day
Union Commerce Minister Piyush Goyal said procurement of onion crops at the 'historic' price of Rs 2,410 per quintal - a move in response to protests by farmers over the 40 per cent export duty on the staple vegetable - began at noon on Tuesday.
