Government scraps export duties on steel
The Center restored the status quo that prevailed before May 22 and withdrew the export duty on iron ore lumps and fines below 58 Fe, iron ore pellets and specified steel products including pig iron.
Import ta...
The CESTAT cancels the order requiring the duty
By Yogitha S. Yogesh - November 16, 2022 4:05 p.m.
Rental of immovable property and provision of tangible property cannot be classified under infrastructure support service, the Ahmedabad Bench of the...
Anomalies in the Pak-Africa Bilateral Trade Regime
Pakistan's trade volume with Africa reached an all-time high of $6 billion in 2021. However, the trade balance has tipped sharply in favor of Africa since 2015. According to ITC's Trademap, imports have recor...
The best and worst Australian states to buy an EV right now
Australia's adoption of electric vehicles has been slow to say the least. And it's not surprising. High prices, a lack of carbon emission...
Federal Government Gives Farm Investors Five-Year Tax Relief
The Federal Government has approved a five-year tax and customs exemption for agricultural production and processing in Nigeria, as well as tax-exempt agricultural loans with a moratorium period of more than 1...
Why Philippine Agriculture Remains Underdeveloped
First of two parts"The more laws there are, the less justice there is." (Marcus Tullius Cicero)THE main cause of the underdevelopment or backwardness of...
Accelerating Pakistan’s Textile Export Potential
Pakistan can potentially increase its textile exports to $35 billion over the next five years if the country maintains consistent policies. Regionally Competitive Electricity Tariffs (RCET) have enabled the te...
Chicken is getting more expensive – but local farmers and importers disagree on why
Industrial equipment in a meat factory. (Image: Getty)
The South African Reserve Bank has opened a new deb...
New Anti-Dumping and Countervailing Duty Petition: Paper File Folders from China, India and Vietnam – Implications for Downstream Industry and Consumers
On October 12, 2022, the Coalition of Domestic File Manufacturers, a U.S. industry trade group comprised of Smead Manufacturing Company, Inc. and TOPS Products LLC., filed a petition with the U.S. Department o...
UPDATE 1-Mexico Trade Team Reshuffle Fuels Doubt Over US Energy Dispute
(Redesigns, additions of details, context, analysis)By Isabel WoodfordMEXICO CITY, Oct 14 (Reuters) - Mexico's president on Friday replaced a top trade negotiator as part of a major overhaul at his economy mini...
TRA announces interim findings on welded pipe review
The Trade Remedies Authority (TRA) is proposing to change its original decision to re-include galvanized tubes as goods covered by the measure, as it has since been established that this product is manufacture...
RCCI organizes an awareness session on the trade regime of developing countries – Journal
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) organized an awareness session on the trade regime of developing countries.
The program aims to help stakeholders and business people diversi...
imports: India launches investigation into increased imports of iron alloy from South Korea
NEW DELHI: India has launched an investigation to determine whether a surge in imports of ferro-molybdenum, which is used in steel, nickel and cobalt alloys, from South Korea is hitting domestic producers. Acc...
CFTA: Normalization gaps could limit Nigeria’s gains
According to an article in the ThisDay newspaper, stakeholders in the agribusiness expressed concern that the absence of a normalization policy for the country could deprive Nigeria of the long-awaite...
Lube makers want raw material taxes to be scrapped
Economy
Lube makers want raw material taxes to be scrapped
Monday, September 26, 2022
KRA headquarters at Times Tower in Nairobi. FILE PHOTO | NMG
Lubricant makers have asked the government to ...
Commerce issues final rule on AD/CVD grace period
The Department of Commerce (DOC) has issued the final rule implementing the two-year anti-dumping or countervailing duty (AD/CVD) moratorium for solar panels and cells from Cambodia, Malaysia, Thailand and Vie...
Oman to formulate new tariff structure for water services sector
Having established a comprehensive tariff structure for the electricity sector in the Sultanate of Oman, the Utilities Regulatory Authority (PSRA) is now looking to roll out a similar strategy for the water and...
Why carriers oppose higher fees at this Indian airport
Mangaluru International Airport in southern India has requested a significant increase in its fare structure, which will have a direct impact on the airlines flying there. Many Indian carriers, however, are u...
SC stays BHC judgment over sales tax refund – Latest News – The Nation
ISLAMABAD – The Supreme Court of Pakistan on Thursday stayed the judgment of the Balochistan High Court (BHC) regarding the refund of sales tax under Article 247(3) of the Constitution.
A three-membe...
Assess entitled to avail Cenvat credit of service tax already paid during transition period: Madras High Court
The Madras High Courtcomposed of Judge R. Ramdevan and Judge Mohammed Shaffiq, ruled that the assessee is entitled to avail the cenvat credit of the service tax already paid, but the assessee was unable to clai...
Canada to formally challenge ‘unwarranted and unjust’ US softwood lumber duties – National
By
Personal
The Canadian Press
Posted Aug 29, 2022 7:55 PM
...
Ceramic industry wants higher import tariffs
The ceramics industry has urged the government to impose additional duties on ceramic imports to discourage the importation of such expensive items from overseas.The Bangladesh Ceramics Manufacturers and Expor...
The Biden administration plays long for agriculture and trade
WOODWARD, Iowa — The United States could take international trade actions that could have an immediate impact on farmers' operating costs and available markets for their cro...
To fight forced labor, the United States needs more trade with developing countries, not less
On August 5, the United States Trade Representative tweeted that public comments on its “first-ever anti-forced labor business strategy” were expected. I know it's a few weeks late, but I can quickly cut ...
Scotch whiskey makers beg Rishi Sunak and Liz Truss to cut crippling tax hike planned for fall
The makers of SCOTCH whiskey have called on aspiring Tory leaders to reverse a near double-digit tax hike this fall.
Half of distillers have seen their energy costs double in the past year.
1The Scotch Whiskey...
Windhoek announces an average increase of 7.8% in electricity tariffs
The City of Windhoek has officially announced the annual electricity rate increase for the current fiscal year, which was implemented on July 1.The announcement is in line with the Electricity Act 4 of 2007, Se...
Kingdom eyes US business cooperation as GSP renewal progresses
Buon Sarakmony, Secretary of State for the Department of Commerce (second from left) and Wallis Yu (second from right), Director of the United States Trade Representative (USTR) for Southeast Asia and Pacific A...
As Americans reeling from stagflation, Manchin proposes tax hikes | Opinion
By Preston BrashersThe Heritage Foundation...
RYERSON HOLDING CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)
This Quarterly Report contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements can be
identified by the use of forward-looking terminol...
Indonesia’s carbon tax suspended, but investment in electric cars could pay off | Article
What has happened since the war in Ukraine
Indonesia set to meet global energy demand with coal
The impact of the war in Ukraine on energy prices led to an increase in coal exports fro...
Kenya chosen to lead continental free trade
Kenya is among seven countries selected to pilot the Continental Free Trade Area which aims to unlock the flow of goods and services in Africa.
The country will join Tanzania, Tunisia, Camero...
Renewables industry marks slowest quarter since 2019 with installations down 55%
Diving Brief:
Developers installed 3,188 MW of utility-scale clean power in the second quarter, down 55% from the same time last year, according to a new re...
Wind energy charts a new course with clear policy and new bidding model
Shaken by a decade of political about-turns, the sector hopes a new tendering model will introduce a breath of fresh air
Topicsw...
Top 4 international business deals to watch in the 2nd half of 2022
By Jennifer Doherty (July 22, 2022, 11:10 p.m. EDT) – The second half of 2022 will see potential developments in high-profile disputes, including the closely watched cascade of disputes over tariffs on b...
US panel renews duties on flat steel from China and Japan, removes them for Brazil
WASHINGTON, July 20 (Reuters) - The U.S. International Trade Commission voted on Wednesday to extend U.S. anti-dumping and anti-subsidy duties for five years on cold-rolled flat steel from China, India, Japan,...
Luxury car tax threshold increases to save thousands of buyers
Some new car buyers will save nearly $1,700 in luxury car tax and stamp duty, following the largest LCT threshold increases in recent years.0 See 5 picturesBiggest Luxury Car Tax (LCT) Threshold Increases in at...
SFIS credit is not taxable income: ITAT Delhi
The Delhi Bench of ITAT ruled that the credit received by the assessee under the "Servi From India Scheme" (SFIS) is not in the nature of income and does not constitute taxable income under Article 2 (24) (xvii...
Solar stocks soar as China mulls $220 billion stimulus package
Shares of solar and alternative energy providers received a well-deserved boost after news broke. China mulls $220 billion stimulus package to support its sluggish economy. Solar-related names p...
Massachusetts Legislature Announces More Tax Relief
Following calls from Massachusetts Governor Charlie Baker to use the Commonwealth's record budget surplus to provide tax relief to Commonwealth residents, Beacon Hill House and Senate leaders unveiled the first...
Caricom tackles non-tariff barriers and food security
New
Ryan Hamilton Davis
24 hours ago
The Prime Minister, Dr Keith Rowley, during the post-Cabinet press conference at the Diplomatic Centre, Ann's on Thursday...
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The United States will lift tariffs on Canadian solar products
OTTAWA/WASHINGTON, July 7 (Reuters) - The United States has agreed to lift tariffs on Canadian solar products after a trade dispute settlement panel sided with Ottawa earlier this year, said Canadian Commerce M...
Mint Evening Digest: One-off tax to cut RIL and CGSB profits
One-off taxes on domestic crude oil production and fuel exports will generate nearly USD 12 billion ( ₹94,800 crore) for the government in the remainder of the current financial year while c...
BD Membership to Pay Dividend
SYFUL ISLAM and REZAUL KARIM |
Published:
July 02, 2022 08:27:57
| Updated:
July 02, 2022 08:32:30
Bangladesh's exports could increase by 17% and gross domestic product (GDP) by 0.26% if a f...
Prepackaged food under GST, 12% tax on hotels with tariff up to Rs 1,000
PUSH pre-packaged and labeled food items such as wheat flour, puffed rice, curds/lassi/buttermilk and paneer under the GST net, removing the exemption for hotels with rent below 1,000 rupees per day and correct...
BOC Collects P8.35-B Rice Import Duty – Manila Bulletin
The Bureau of Customs (BOC) collected 8.35 billion pula from rice import tariffs in the first five months of the year, up 14% from 7.32 billion pula at the same period in 2021 on higher import volumes.
BOC co...
Brittany Higgins defendant’s trial postponed
It's the end of Need to Know this Tuesday, June 21.Here are some of today's key events:New South Wales BudgetEarly home buyers were big winners in NSW Treasurer Matt Kean's budget where he unveiled a stamp duty...
Power companies demand Rs 7.9 increase in tariffs – Business
ISLAMABAD: Electricity distribution companies have demanded an increase of more than 7.96 rupees per unit, to be reflected in July bills, due to the high cost of electricity generated from diesel and fuel oil f...
UK free trade deal frees up cash for farming industry
PROVIDEDTrade Minister Damien O'Connor after signing the New Zealand-UK Free Trade Agreement with UK Trade Secretary Anne-Marie Trevelyan, in London.The UK Free Trade Agreement will free up considerable revenue...
Biden suspends new solar tariffs to revive the solar industry, but at what cost?
Last Monday, the Biden administration announced a temporary two-year pause on imposing new tariffs on solar imports with the aim of reviving the industry which has suffered due to high tariffs.
Mor...
Pakistan doubles SUV tax, loads rich in new budget for ‘hard times’ | world news
Petrol, mobile phones and cigarettes set to be more expensive in Pakistan following new budget unveiled by government Shehbaz Sharif, which former prime minister Imran Khan called 'unimaginative'
Pakistan's Sh...
Police investigate Chinese criminal syndicate money laundering in Victoria, NSW; Chris Bowen and energy ministers agree new plan
All staff who work in public hospitals and ambulance services in Victoria – including nurses, midwives, doctors and paramedics – will receive an additional payment of $3,000 under a retention scheme $353 millio...
Brazil is showing the way out of inflation. Yes, you read that right
Placeholder while loading article actionsLooking for clues on how to get the world out of its current inflationary state? You could do worse than turn to a country whose currency is worth less than a trilliont...
EU: European Commission presented a proposal granting temporary trade liberalization measures within the framework of the free trade agreement already in place with Ukraine
In 2014, Ukraine and the EU signed a free trade agreement in the form of an Association Agreement which contains Title IV on trade and trade-related issues and which has been applied since January 1 2016...
Firearm Aiming Systems Co. Sues CBP, Claims Rights Error
By Nicole Rosenthal (June 1, 2022, 6:53 p.m. EDT) -- A manufacturer of gun sighting systems has accused U.S. Customs and Border Protection of illegally imposing duties on its aiming aid imports, telling ...
Rethinking Supply Chains: A Look at the Challenges Businesses Face
By KT Arasu, CME GroupIN ONE LOOKPlans to relocate manufacturing operations to a second or third country could prove costly and complex in the face of pandemic-era realitiesRelocating o...
Palace EO extends reduced tariffs on pork and rice until December
To cushion the impact of the conflict between Ukraine and Russia on domestic food prices and supplies, President Duterte extended tariffs on pork and rice until the end of the year. The president also lo...
Private Home Care Software Industry Expected to Reach $8 Billion by 2028 – Alora, WellSky, Kinnser, AxisCare, CareVoyant, KanTime, ClearCare, MatrixCare, myUnity, Casamba
the Home care software for private service The report is an in-depth examination of the general Private Duty Home Care Software consumption structure, development trends, sales techniques, and sal...
19 bipartisan governors ask Commerce to expedite solar panel probe
On May 16, a bipartisan group of 19 governors sent a letter to President Joe Biden and Commerce Sec. Gina Raimondo urges the Biden administration to expedite its review of the anti-circumvention solar tariff c...
Ireland says UK risks sending message it will break treaties in line with Brexit | Brexit
Plans to shred parts of the Northern Ireland Protocol 'would make headlines around the world' that the UK is ready to break treaties, the Irish Foreign Secretary has said, as a UK minister has insisted the UK h...
Panic as fish and chips could be ‘more expensive than wagyu beef’ as Russian fish tariffs set
Industry experts warn that Britain's much-loved fish and chips could become "more expensive than wagyu beef". The increased costs could come if the government reinstates the planned tariff on whitefish caught ...
Imposition of 15% TEC tax on imported vehicles not guaranteed by law -Amiwero – The Sun Nigeria
By Steve Agbota
the National Council of Chief Executives of Licensed Customs Brokers (NCMDLCA) Chairman Lucky Amiwero has petitioned the Federal Government regarding the imposition of 15% Common ...
“Would like to see tariffs eliminated on Scotch Whiskey under India-UK Free Trade Agreement”
NEW DELHI : As India and the UK conclude the third round of talks for a free trade deal on Friday, the UK whiskey industry is seeking a bigger share of the Indian market. In an intervi...
CEPA between India and UAE to come into force on May 1, $40bn exports likely in FY23
The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE will come into force on May 1, which would allow 90% of the country's exports to enter the Emirates duty-free.
On Sunday, offici...
NIMBOOZ – Lemonade? Or a fruit juice?
The Food Safety Standards Authority of India (FSSAI), established under the Food Safety Standards Authority of India Act, is responsible for the regulation of food products in India and is governed by the guid...
Period poverty in the UK leads some women to raid public toilets for paper
Women unable to afford period products amid the cost of living crisis are resorting to looting public toilets and using wads of toilet paper as an alternative, according to a charity. It comes as a new 'hygien...
Australia welcomes India’s goal of becoming 100% EV by 2030; highlight the benefits of ECTA
Australia has come out in support of India's ambition to be a 100% electric vehicle nation by 2030. On Wednesday, Australia's High Commissioner to India, Barry O'Farrell, met with the CEO of Himadri Speci...
Importers of edible oils do not benefit from VAT reductions
Importers and refiners of edible oils are not benefiting from the government's recent Value Added Tax (VAT) cuts due to technical complications.
The government has reduced VAT on edible oils by 15% at the ...
Geopolitical situation of Seshadri Ramkumar impacting cotton
The ongoing political crisis in Europe, Sri Lanka and Pakistan is influencing the global cotton and textile sector, manufacturing and the global economy.Rising prices, inflation and the political crisis in some...
Can our new trade treaties remedy tariff anomalies?
India has long suffered from the anomaly of imported raw materials being taxed more than the finished product. Economists call it the inverted entitlement structure. A series of f...
FACT CHECK: Has customs reduced tariffs on imported vehicles?
By Philip Shimnom Clement
A news website recently published that the Nigerian Customs Service has reduced customs duties on imported vehicles, known as "tokunbo".
The story was also shared on Facebook with the ...
International Trade Administration Investigation Set to Impose Significant Import Duties on Certain Solar Cells and Modules | Kilpatrick Townsend & Stockton LLP
On April 1, 2022, the U.S. Department of Commerce's International Trade Administration ("ITA") issued a Notice of Circumvention Investigation ("Investigation") that may significantly increase the cost of certai...
Ian Houston: Letter from America: A Way Forward for Global Commerce
ONE of the busiest and most scenic parts of the city of Baltimore, Maryland is called Inner Harbor. The visionary project has represented a model for waterfront development and the regeneration of ...
From April 7, China to reduce tariffs on New Zealand imports of wood and paper
From April 7, China will revise the Beijing-Waikato free trade agreement to abolish duties on 12 wood and paper products imported from New Zealand, according to the finance ministry. The move comes after the t...
Column: China Increases Aluminum Exports as Western Production Falls
LONDON, April 1 (Reuters) - China is increasing its aluminum exports to fill a growing supply gap in Western markets.The country shipped 26,378 tonnes of primary aluminum in February, the highest monthly total ...
NextEra ‘disappointed’ as Biden administration reviews tariffs on solar panel imports from Asia
NextEra Energy Inc. NEE,
-0.46%
said on Tuesday he was "disappointed" with the U.S. Commerce Department's decision to review possible tariffs on solar panel imports from certain Asia...
Cost of living crisis: 10 key questions – from meter readings to tax cuts
Inflation hit a new high of 6.2% when the Chancellor delivered his spring statement this week - a statement that has come under heavy criticism for failing to respond adequately to the intensification of the cr...