Category : Search result: India safeguard duty


Steel Stocks Jump on Extended Safeguard Duty

Indian steel stocks rise after govt extends import duty for 3 years, offering relief amid rising costs and supply. JSW Steel, Jindal Steel gain 6%. Read more on Q3 outlook.

Govt May Extend 5% Duty on EV Battery Cells

India considers extending concessional customs duty on lithium-ion cells for EVs in the upcoming budget, as domestic manufacturing fails to take off and imports surge. Read more.

Cigarette Prices to Rise 20% from February 1

Cigarette prices in India are expected to surge by up to 20% from February 1, 2025, following a significant increase in the National Calamity Contingent Duty. This move will impact major tobacco companies and consumers nationwide.

Mumbai property registrations hit 14-year high in 2025

Mumbai's housing market recorded its strongest performance in 14 years in 2025, with over 1.5 lakh property registrations generating Rs 13,487 crore in stamp duty. Driven by end-user demand and improved affordability.

Cigarette, Gutkha Prices to Rise After Govt Excise Duty Hike

The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.

Tata Steel Rallies 8% on Govt's Steel Duty Extension

Tata Steel shares continue their rally, gaining 1.2% to hit a one-month high after India extends safeguard duties on steel imports for three years. Discover the impact on the sector and future demand outlook.

Air India Pilot Detained in Canada for 'Fitness' Issue

An Air India pilot was taken off duty and detained at a Canadian airport after failing a pre-flight breath analyser test. The airline confirmed concerns over his 'fitness for duty'. Read the full details.

India imposes 3-year safeguard duty on steel imports

India has imposed safeguard duties on certain steel imports for three years to protect domestic manufacturers from a surge in low-cost supplies, primarily from China. The duty starts at 12% and will gradually decrease.

Ahmedabad firm in $1M Korea trade fraud probe

An Ahmedabad company is accused of a $1 million trade fraud against South Korea and customs duty evasion in India, using a Korean shell firm to route Chinese goods. KOTRA has alerted Indian agencies.

Zero-Duty Access to Australia for India from Jan 1

India secures zero-duty access to the Australian market starting January 1, 2025, boosting exports in textiles, engineering, and gems. Commerce Minister Piyush Goyal announces major trade milestone.

India Secures Apple Farmer Safeguards in New Zealand FTA

India has negotiated protective measures for its apple growers within the new free trade agreement with New Zealand. Commerce Secretary Sunil Barthwal confirms all safeguards are in place to protect domestic interests.

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