import duty

IBJA Raises Alarm Over Silver Imports At 9% Duty, Alleges Loss To Exchequer

The Indian Bullion and Jewellers Association (IBJA) has raised an alarm against the import of silver at just 9 percent duty against the applicable 15 percent tax rate. In a letter dated July 17 to Revenue Secretary Sanjay Malhotra, IBJA revealed that a leading bank had imported silver this year at less than the applicable […]

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Manufacturing National News

India’s High Import Duty On Capital Goods May Hinder Its Potential As Global Manufacturing Hub

A higher import duty on capital goods may hinder India’s potential as a global manufacturing hub and hence it should reconsider the import duty to enhance its participation in the global value chain and accelerate the success of its Make in India program, MVIRDC World Trade Center Mumbai said in a report. The report suggested […]

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