NEW DELHI: The government doesn’t intend to grant any fresh concessional duty on import of milk, milk products, corn, and vegetable oil other than what India already committed at the World Trade Organisation in 2004-05, two officials said. No plan to grant new concessional duty on import of milk products: DGFT While tariff rate quotas are part of India’s market …
HYDERABAD: Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country, became the first jewellery group in India to obtain a TRQ licence from the Director General of Foreign Trade. TRQ will help the group import gold through the India International Bullion Exchange under the India-UAE Comprehensive Economic Partnership Agreement at reduced duty rates …
New Delhi: The Central government has exempted customs duty and agricultural infrastructure and development cess levied on crude soyabean oil and crude sunflower seed oil, subject to the conditions of tariff rate quota authorisation till June 30. The duty exemption is applicable only for importers holding TRQ licence for 2022-23 fiscal. Through a notification, the finance ministry allowed imports of …
The government on Friday permitted export of 8,424 tonnes of raw or white sugar under tariff-rate quota to the U.S., which enables shipments to enjoy relatively low tariff. India enjoys duty-free sugar exports to the U.S. for up to 10,000 tonnes annually under the preferential quota arrangement. The country's sugar export rose 20% to an all-time high of 7.1 million …
