Duty Hike News

Mutual Funds

New tranche of gold bonds out with a discount

Sovereign gold bonds come at an issue price of ₹3,443 per gram, with a discount of 1.45%, which partially counteracts the customs duty hike of 2.5%For those who wish to invest in it, sovereign gold bonds have emerged has a highly efficient vehicle

3 min read8 Jul 2019
Industry

Govt in favour of aluminium import duty hike: Suresh Prabhu

The proposal for import duty hike on aluminium is under examination and the commerce ministry supports it, says minister Suresh Prabhu

1 min read26 Dec 2018
Politics

Govt hikes customs duty on more items to rein in current account deficit

Duty on telecommunication equipment and other goods increased to 20% from 10%

2 min read12 Oct 2018
Politics

Suresh Prabhu to chair meeting to curb trade deficit

Suresh Prabhu's meeting with eight ministries will focus on non-tariff measures such as import substitution to curb rising trade deficit, minimise dollar outflow and thus help rupee stabilize

2 min read3 Oct 2018
Market

Import duty hikes: Much ado about nothing

Even as the government has included consumption-related articles in their current list of import duty hikes, the fact that the share of these items is small in the overall pie means that the needle wouldn't move much.

3 min read28 Sep 2018
Politics

ACs, refrigerators, washing machines to get costlier, import duty hiked on over 19 items

The govt to raised import duties on 19 non-essential items, including refrigerators, air conditioners, accounting for annual imports worth 86,000 crore, to arrest a widening CAD and a weakening rupee

2 min read26 Sep 2018
Industry

US duty hikes begin to hurt as steel exports plunge 42%

While exports of 68 steel items, facing 25% duty hike from the US, stood at $115 million in the June quarter, exports of seven aluminium items, facing 10% tariff hike, jumped to $164 million during the same period

2 min read4 Sep 2018
Market

Cement: The impact of import duty hike on landed cost of petcoke

Power and fuel costs account for nearly 30% of the overall cost and in the absence of strong demand and consequently subdued prices, input cost inflation will hurt margins of cement makers in the March quarter earnings

1 min read11 Apr 2018
Companies

Jaguar Land Rover to rethink India assembly operations

JLR will definitely reconsider India assembly operations because the CKD import duty hike affects pricing, volumes, and overall planning and investment decisions, says MD Rohit Suri

1 min read29 Mar 2018
Industry

Customs duty hike on car parts may put brakes on luxury car sales

Customs duty on certain car parts, such as engines, transmission and brakes have been doubled to 15% from 7.5%, a move that will increase luxury car prices from April

3 min read14 Mar 2018
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