Textile ministry proposes cut in capital goods duty to 5 per cent
New Delhi: To counter Brussels’ objection to the continuation of the export promotion capital goods scheme, the textile ministry has proposed for a sharp reduction in the Customs duty on the remaining capital goods (machinery) required by textile mills to just 5 per cent.
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S-E Asia to have duty-free gems, jewellery market
New Delhi: A new duty-free trading bloc for the gems and jewellery exporters is informally under way in the South-East Asian region. According to industry sources, this bloc styled as MIBSTA comprises Myanmar, India, Sri Lanka, Bangladesh and Thailand.
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Jewellery Council seeks $10-million advance remittance to Russia
New Delhi: At a time when gems and jewellery exports are expected to register over 15 per cent jump during this fiscal.
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Dumping probe into NZ butter oil, duty on Chinese acid
New Delhi: The government has initiated an anti-dumping investigation against imports of butter oil from New Zealand.
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