#import-duty
Retail prices of cooking oils may fall after duty cut: Industry body IVPA
Edible oil industry body IVPA expects retail prices of cooking oils to come down following the government's decision to cut import duties on soyabean, palm and sunflower oils. India meets around 60 per cent of its total edible oil requirements through imports…
Retail prices of cooking oils may fall after duty cut: Industry body IVPA
Cooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body IVPA said. The cuts come ahead of the festive season, when demand typically rises. However, the impact on retail prices w…
iPhone Duo at Rs 2,99,900: Why Apple’s First Foldable Costs More in India
Apple’s first foldable iPhone, the iPhone Duo, starts at Rs 2,99,900 in India, significantly higher than its $1,999 US starting price. However, the gap is much smaller after accounting for India’s 18% GST and around 28% import duty on the first-generation dev…
Investors panic as India hints at import duty cut, sending gold and silver ETFs plummeting
Exchange-traded funds for gold and silver experienced marked declines on Thursday, even as global precious metal prices held steady. Anticipation surrounding a potential cut in government import duties on these commodities has emerged, which could lower their…
Duty tweaking required to boost domestic aluminium-based manufacturing: GTRI
India's aluminium sector faces policy distortions. A think tank proposes removing import duties on raw aluminium and adding export duties on the metal. This aims to encourage domestic production of higher-value aluminium products. The goal is to reduce relian…
India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensions
The government will decide on extending import duty exemptions for 40 products after June 30. This decision hinges on the evolving situation in West Asia and its impact on cargo movement. Revenue implications for the government are also a key consideration. T…
India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensions
The government is likely to take a call on extending import duty exemption on about 40 products beyond June 30, after analysing the evolving situation in West Asia and associated revenue implications, an official said on Thursday.
Gold imports fall to 25-30 tonnes/month from 70-100 tonnes after duty hike: Govt source
Gold imports into India have dropped sharply. The government's decision to increase import duty is proving effective. Higher gold prices and reduced jewellery demand also contributed to this trend. Increased global gold recycling is another factor. Offici…
CITI welcomes temporary removal of 11 % cotton import duty , calls it boost for textile exports
Gold offered at ₹450/g to Indian consumers after import duty hike
The bullion trade is passing on the benefits of importing the yellow metal at lower duty to spur demand
Import duty hike to decrease India's gold demand by 50-60 tonnes in 2026
India's gold demand faces a significant drop this year. The World Gold Council predicts a contraction of 50 to 60 tonnes. This decline follows a sharp increase in import duties. The Prime Minister has also urged consumers to pause gold purchases for a year. I…
Jewellery sales volume will drop to 10-year low on high prices, hike in import duty
Despite the expected decline in volume, the sector is poised to achieve a robust revenue growth of 20-25% y-on-y, driven by higher realisations, as per Crisil Ratings report.
Gold import duty hike threatens decade-low volumes for jewellery retailers in FY27, warns Crisil
The organised gold jewellery retail sector is set for a steep 13–15% volume decline to a decade low in FY27, driven by the government’s import duty hike to 15%. Rising prices, weaker affordability and a shift toward coins and bars are pressuring jewellery dem…
High gold prices, import duty hike to drag jewellery demand: Crisil
Indian organized gold jewellery retailers anticipate a 13-15% sales volume decline this fiscal due to high gold prices and import curbs. Despite this, robust revenue growth of 20-25% is expected, driven by higher realisations, leading to stable credit profile…
Price volatility keeps India gold demand subdued, China premiums ease
Dealers in India quoted discounts of up to $78 an ounce over official domestic prices this week, inclusive of 15% import and 3% sales levies
Inflation who? 10 things that got cheaper in India over the last 10 years
Prices are rising everywhere, but not for everything. Thanks to Make in India, import duty cuts, and fierce market competition, several things in India actually cost less today than they did in 2016. Here are 10 surprising ones. Your money goes further than…
India Weighing Edible Oil Import Duty Hike to Support Farmers
India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs.
Hindustan Zinc shares crack 7% in two sessions. What’s behind the sharp slide?
Hindustan Zinc shares fell as silver prices crashed sharply on Multi Commodity Exchange of India. MCX silver plunged over Rs 5,000 per kg in a day and has corrected nearly 13% from recent highs following the government’s import duty hike, amid rising Iran war…
Silver prices tumble Rs 35,000/kg in just 4 days. Should investors buy this dip?
MCX silver futures have plummeted nearly 40% from their January record high, driven by a combination of demand destruction, macroeconomic concerns, and a recent 15% import duty hike in India. The white metal's industrial demand sensitivity and shifting invest…
Gold discounts in India hit record at $200/ounce as duty hike sparks selling
India's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices prompted investors to sell gold, even at steep discounts. Retail buyers and jewelers remained absent. This situation is ex…
Higher duty may lead to gold demand lowering by 60 tonnes saving $2.5 billion: Economists
A hike in gold import duties is projected to trim annual demand by nearly 60 tonnes, potentially saving the exchequer $2.5 billion (approximately ₹24,000 crore) in import bills. While the move is designed to narrow the Current Account Deficit (CAD), analysts …
Higher duty may lead to gold demand lowering by 60 tonnes saving $2.5 billion: Economists
A hike in gold import duties is projected to trim annual demand by nearly 60 tonnes, potentially saving the exchequer $2.5 billion (approximately ₹24,000 crore) in import bills. While the move is designed to narrow the Current Account Deficit (CAD), analysts …
Hindustan Zinc shares surge 5% as silver prices near Rs 3 lakh/kg after import duty hike; Vedanta shares jump 4%
Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize th…
Gold jewellery to get costlier: Here's how much more you need to pay on your next purchase
India has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on reserves. Buyers will face higher prices for jewellery. The government encourages domestic recycling and reduced reliance o…
BREAKINGGold, Silver Rate Today Live Updates: Gold, silver prices in focus as government raises import duty to 15%
Gold, Silver Rate Today Live Updates: Gold and silver prices are in focus as the government has hiked the import duty on both the precious metals fro
Gold import duty hiked: Check 18 carat, 22 carat and 24 carat gold rates in Delhi, Mumbai, Chennai, Kolkata and other cities
Gold rates today: India has significantly boosted import duties on gold and silver to 15% from 6% to curb overseas purchases and protect foreign exchange reserves. In Delhi, the rates of 24k, 22k and 18k gold stand at Rs 1,54,140, Rs 1,41,310 and Rs 1,15650, …
India raises gold and silver tariffs to 15% to curb imports, support rupee
India has raised import duties on gold and silver to 15% from 6% to curb imports and reduce pressure on foreign exchange reserves. The new structure includes a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess.
India may take middle path, unlikely to remove import duty on cotton
Options under a middle path could be either zero duty import in September-October as current stock in the country is comfortable to meet domestic, or reduce import duty to 6-7% from the current 11%