Import duties News
The growth was driven by a 13.9 per cent rise in GST from domestic transactions and 8.5 per cent increase in GST from import of goods.
India has agreed to concessional import duties on gold imports of up to 200 tonnes per year. India imported about 70 tonnes of gold from the UAE in 2020-21.
He said the biggest gain for India is "that we get zero duty access" to the UAE market for domestic jewellery.
TRQ is a quota for a volume of imports that enter India at specified tariffs.
China has lodged a case against the United States over slapping import duties to the World Trade Organisation (WTO), its commerce ministry said on Friday.
China has lodged a case against the United States over slapping import duties to the World Trade Organisation (WTO), its commerce ministry said on Friday.
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