Category Archives: International Trade News

RBI revises upwards housing loan limits under priority sector Lending

Housing loan limits for eligibility under priority sector lending will be revised to ₹ 35 lakh in metropolitan centres (with population of ten lakh and above), and ₹ 25 lakh in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹ 45 lakh and ₹ 30 lakh, respectively.

India hits back at Donald Trump’s tariffs, raises import duties on agri, steel products – Hindustan Times


Hindustan Times

India hits back at Donald Trump's tariffs, raises import duties on agri, steel products
Hindustan Times
India raised tariffs on a slew of items in retaliation for the US imposing higher levies on some products shipped from the country, echoing steps taken by China, the European Union and other trading partners. The import duty on chickpeas and Bengal ...
India hikes customs duty on 30 items imported from USEconomic Times
India hits back at Trump's tariffs, hikes import duties on US agri productsDeccan Chronicle
India Joins China, Europe in Hitting Back at Trump on TradeBloombergQuint

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In Tit-For-Tat, India Hikes Import Duties On US Agri Products – NDTV


NDTV

In Tit-For-Tat, India Hikes Import Duties On US Agri Products
NDTV
New Delhi: Highlights. India hikes customs duty on Bengal gram, lentils and artemia; The import duty hike would be effective from August 4; Move in retaliation to US duty hike on certain steel, aluminium products. Promoted. In a retaliatory move, India ...
India hikes import duty on certain US productsTimes of India
India Responds to US Tariff Hikes With Higher Import Duties on Farm, Steel ProductsThe Wire
India hits back at US with higher import duties on farm, steel and iron productsThe New Indian Express

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India hikes import duty on US farm produce, bikes – Dalal Street Investment Journal


India hikes import duty on US farm produce, bikes
Dalal Street Investment Journal
The new list of goods imported from US that will attracted higher import duty is being drafted and the announcement about the same is expected during the day, said news reports. Farm produces including US apples, lentil such as chana, masur, dry fruits ...

CBIC prescribes effective rate of duty on specified goods vide Notification No. 49/2018-Customs

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do

India raises import duties to protest US tariff hike – Deccan Chronicle


Deccan Chronicle

India raises import duties to protest US tariff hike
Deccan Chronicle
New Delhi: India has increased import duties on some agricultural and steel products that are imported from the US in retaliation against Washington's new global tariffs on steel and aluminium, according to a government note seen on Thursday. Last ...

Higher import duties on strategic US imports to kick in from today – Business Standard


Business Standard

Higher import duties on strategic US imports to kick in from today
Business Standard
India last week notified the World Trade Organisation of its decision to impose higher import tariffs on 30 US goods. The move comes after New Delhi got a cold shoulder from Washington DC on its request for exempting India from the higher tariffs ...

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Boeing says Export-Import Bank vital to US growth – Times of India


Boeing says Export-Import Bank vital to US growth
Times of India
June 20 (Reuters) - Restoring the U.S. Export-Import Bank's full lending powers is vital to the country's economic growth and to shrinking trade deficits, planemaker Boeing Co said on Wednesday after President Donald Trump nominated Kimberly Reed as ...

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India to import up to 165 MT of thermal coal in 2022, says report – Free Press Journal


ETEnergyworld.com

India to import up to 165 MT of thermal coal in 2022, says report
Free Press Journal
New Delhi : India's thermal coal import is likely to increase to 145 million tonne (MT) in 2018, and the uptrend would continue in the next four years, says a report. According to the report by Minerals Council of Australia, India's estimated thermal ...
India's thermal coal imports may rise to 145 million tonne in 2018: ReportETEnergyworld.com

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To bridge trade gap, China opens door to Indian raw sugar – Economic Times


Economic Times

To bridge trade gap, China opens door to Indian raw sugar
Economic Times
"With import from some developing countries including India to be exempted from the safeguard tariff, Indian exporters will only have to pay 50% export duty. Even with this tariff, sugar exports will be cheaper as sugar cost in China is around Rs 90 ...
Indian mills slash sugar exports on higher prices at homeBusiness Recorder (press release)

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After slapping tax on US farm items, China looks to India for cotton – Hindu Business Line


Hindu Business Line

After slapping tax on US farm items, China looks to India for cotton
Hindu Business Line
But China's decision to impose a 25 per cent import tax from July 6 on American farm commodities, including cotton, in retaliation for tariffs enacted by the administration of US President Donald Trump will allow India to grab a bigger share of the ...
'Reduce duty to improve cotton yarn export to China'The Hindu
Cotton yarn exports hit by fall in Chinese demandTimes of India
India ships more cotton to China as 25 percent tax spoils US supplyCNBCTV18
Livemint
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Texprocil: Export incentives needed for competitiveness – Hindu Business Line


Moneycontrol.com

Texprocil: Export incentives needed for competitiveness
Hindu Business Line
Highlighting the opportunities and challenges in export of cotton yarn, Lahoti said that India is the largest exporter accounting for 26 per cent of the global share. “Our yarn quality is well-accepted. Yet, because of the export duty that Indian yarn ...
BIZ-COTTON YARN EXPORTIndia Today
'Withdrawal of incentives has resulted in dip in cotton yarn export'Covai Post Network

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4 reasons why trade war with US could weaken rupee further – Business Today


Business Today

4 reasons why trade war with US could weaken rupee further
Business Today
But in case of the US, India runs a trade surplus. India exports more to US than what it imports from US. The trade with US is very favourable for India, which means we export more than we import from them. This brings much needed dollar inflows into ...

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Thermal coal import may rise to 145 MT in 2018: Report – Times of India


Thermal coal import may rise to 145 MT in 2018: Report
Times of India
New Delhi, Jun 20 () India's thermal coal import is likely to increase to 145 million tonne (MT) in 2018, and the uptrend would continue in the next four years, says a report. According to the report by Minerals Council of Australia, India's estimated ...

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