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LATEST UPDATES:

January 25 , 2023 ADB signs $131 mn loan to support Jawaharlal Nehru Port Container Terminal Upgrade; Enhance International Trade            January 25 , 2023 Union Minister Sarbananda Sonowal unveils major initiatives worth ?280 crores for upgradation of Kandla Port            January 25 , 2023 DG Shipping issuing New Maritime guidelines to weed out aging ships            January 25 , 2023 DPIIT : PM Gati Shakti Initiative to reduce logistic obstacles and increase efficiency            January 25 , 2023 Nitin Gadkari inaugurates 18 National Highway projects with a total length of 550 km in Orchha, MP worth Rs. 6800 Cr            
Latest News

ADB signs $131 mn loan to support Jawaharlal Nehru Port Container Terminal Upgrade; Enhance International Trade

January 25 , 2023

Union Minister Sarbananda Sonowal unveils major initiatives worth ?280 crores for upgradation of Kandla Port

January 25 , 2023

DG Shipping issuing New Maritime guidelines to weed out aging ships

January 25 , 2023

DPIIT : PM Gati Shakti Initiative to reduce logistic obstacles and increase efficiency

January 25 , 2023

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DST News

Customs duty hike on dozens of items probably in the upcoming Union Budget 2023-24

January 25 , 2023

NEW DELHI: Budget 2023: The Government has zeroed in on dozens of products across sectors — including aviation, electronics, steel and industry — for possible customs duty hike in the Budget for FY24 to curb “non-essential imports” and improve local production, official sources told. Products such as private jets and helicopters, select consumer electronics products, plastics, certain iron & steel products, jewellery and leather could witness higher duties.
At the same time, the Government is also weighing proposals for duty cuts in some cases, especially to ensure smooth imports of raw materials. The Commerce Ministry has suggested that the import duty on gold and certain other products in the gems and jewellery sector be trimmed to boost exports of finished products.
In the last Budget, the Government had raised the import duty on gold to 15% from 10.75%. 
The “rationalisation” of import duties is also being contemplated to correct the inverted duty structure where raw materials are taxed at a higher rate than the finished goods.
The proposed duty changes are based on the suggestions of various Administrative Departments to the Finance Ministry.

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