New Delhi: AWL Agri Business Ltd (AWL), which sells edible oils, flour and food, expects a significant rise in demand, particularly ahead of the festive season, spurred by a recent cooling in edible oil prices and strong monsoon showers that are key to the rural economy. This price decline is a direct result of the government’s decision to lower duties on crude edible oil imports. Angshu…

Budget 2022: Ensure hassle-free credit to MSMEs: PHD Chamber

Industry body PHD Chamber of Commerce has sought hassle free credit facilities for MSMEs Pradeep Multani, President, PHD Chamber of Commerce and Industry said, in the upcoming Union Budget to ensure hassle-free credit availability for the industry and reduce the cost of doing business, especially for Micro, Small and Medium Enterprises (MSMEs). Steps should be taken. (PhDCCI). Shri Multani…

No basic customs duty relief to SEZ solar manufacturing units yet; govt mulling equalisation levy

NEW DELHI: Solar equipment manufacturers who have their units in special economic zones (SEZs) said that they might have to shut shop if the government continues its proposal which would levy a basic customs duty on the value addition done at these plants.

However, in the last couple of interactions that the Ministry of New and Renewable Energy(MNRE), this issue has not moved beyond the…

Implementation of Basic Customs Duty on Chinese solar imports to be delayed by at least two weeks

NEW DELHI: The basic customs duty on solar imports from China, which was supposed to be implemented from August 1, will be delayed for another two to three weeks, per an industry meeting with the Ministry of New and Renewable Energy (MNRE).

The renewable energy ministry has been in talks with the Ministry of Finance over the customs duty for nearly three weeks now. The power purchase agreements(…

मोबाइल फोन और उनसे संबंधित वस्तुओं पर 10 % सीमा शुल्क

नई दिल्ली, 01 जुलाई (जनसमा)।  सरकार ने  घरेलू विनिर्माण को बढ़ावा देने के लिए मोबाइल फोन और उनसे संबंधित वस्तुओं जैसे  चार्जर, हेडसेट, बैटरी और यूएसबी केबल आदि पर 10 फीसदी बुनियादी सीमा शुल्क लगा दिया  है।

एक आधिकारिक बयान के मुताबिक, 10 प्रतिशत कस्टम ड्यूटी, आयातित सेलुलर मोबाइल फोन और सामान जैसे चार्जर, बैटरी, तार हेडसेट, माइक्रोफोन और रिसीवर, की पैड, यूएसबी केबल और अन्य विशिष्ट इलेक्ट्रॉनिक…