Browsing: Finance Ministry

Govt to hike import duty on 300 textile products

By

The government is likely to hike import duty on about 300 textile products to boost domestic manufacturing and create employment opportunities. Foreign direct investment norms for the sector may also be relaxed.

AD duty on NFY extended

By

The Finance Ministry in India has extended by one year the validity of anti-dumping duty on nylon filament yarn from China, Chinese Taipei, Malaysia, Indonesia, Thailand and South Korea. The revenue department has also extended by one year the validity of anti dumping duty on Saccharin imports from China.

Anti-dumping duty on VSF from China

By

The Indian Government has imposed anti-dumping duty (ADD)—ranging between $0.180 and $0.194 per kg—on viscose staple fibre (VSF) imports from China. The Finance Ministry has announced levying of ADD ranging from $0.103 to $0.512 per kg on VSF imports from Indonesia.

Baled Cotton Price

By

In India, the prices of cotton that is ginned and baled are likely to rise as their transport and storage have been deemed ineligible for exemption from service tax by the Finance Ministry.