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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
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 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 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 ...
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...
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...
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 ...
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...
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 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...
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 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...
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...
The drink was launched in 2013 by PepsiCo and the drink was described as made with real lemon juice without fizz and hence it sparked the debate on whether it should be categorized as lemonade or fruit juice or...
Japan will follow America's lead in revoking Russia's Most Favored Nation (MFN) status, which will drive up prices for Japanese consumers for most imports from the country.MFN status allows a country to benefit...
By JAMES ANYANZWA
Kenya is set to raise duties on imported clinker to curb unscrupulous cement makers involved in the malfeasance trade.Nairobi says some errant cement companies have abused the region'...
The business leaders urged the partner states of the East African Community (EAC) to adopt the proposed rate of 35% as the maximum Common External Tariff (CET) rate and begin its implementation ...
The Center for the Promotion of Private Enterprise (CPPE) has called for a halt to the planned imposition of excise duties on manufacturers. This was revealed by Dr. Muda Yusuf, CEO of CPPE in a docu...
Rice is waiting to be harvested by the combine harvester in the background. Photo: Bruce Schultz, LSU AgCenter
Colombian rice imports are expected to rebound strongly in 2022, but will remain below previo...
Several policymakers, economists and trade associations argue that Trump-era tariffs on Chinese goods are causing rising inflation and should be repealed. There are many reasons to oppose the trade war, but b...
Jakarta (ANTARA) - Indonesia, while assuming the presidency of the G20 for the first time this year in the G20 forum since its establishment in 1999, ...
Commodity traders are racing to make a rare profit shipping aluminum out of China as war in Ukraine creates flash shortages for European manufacturers who typically rely on Russian supplies.
At least 20,000 ton...
the Chennai Bench of Customs, Excise and Service Tax Appeal Tribunal (CESTAT) while removing the 1% excise duty, held that embossing the customer's name on goods does not amount to "branding" if the goods are n...
Last month, India and the United Arab Emirates (UAE) signed a Comprehensive Economic Partnership Agreement, which includes a Free Trade Agreement (FTA). An FTA is a bilateral agree...
Based on news reports, the House of Representatives recently decided to appoint an ad hoc committee to investigate the collapse of auto assembly plants across the country with a view to making insight...
The absence of strict standards on the substantial local value added of goods from FTA partners has led to large-scale illegal dumping of products originating from a third country.
Almost all of India's major...
Cochin Customs will charge customs duties from the UAE Consulate in Thiruvananthapuram for copies of the Quran, including those handed over to former minister KT Jaleel, and dates imported into Kerala.Dr Jaleel...
By William Isasi and Cynthia Galvez (February 11, 2022, 6:17 PM EST) -- The U.S. Department of Commerce recently issued a final rule implementing some of the most significant changes to its anti-dumping ...
Taipei, February 6 (CNA) Tariffs on corn, soybeans, wheat, butter, milk powder used for cooking, gasoline and diesel fuel will be reduced in the next three months , in a bid to stabilize consumer prices and eas...
Several healthcare professionals expressed disappointment after the Union budget was presented to parliament on Tuesday and said the government had failed to deliver on its promises in the healthcare sector des...
Several developing countries have taken advantage of their geographical proximity to major trading nations to stimulate bilateral trade and thereby grow their economies. After Turkey entered a customs union wi...
Paul Samuelson, the first American economist to win the Nobel Prize in Economics, once said, "I think it is more important for an economist to be wise and sophisticated in the scientific method than for a physi...
Foreign direct investment enterprises (FDI enterprises) and foreign direct invested capital export processing enterprises (FDI EPEs) are enterprises that have relatively specific characteristics in terms of leg...
It's nice to hear voices singing a different tune. Once a chief economic adviser, Dr. Arvind Subramanian is currently a senior fellow at Brown University's Watson Institute for International and Public Affairs...
When the EU passed a directive obliging member states to guarantee minimum refueling points for electric cars and other alternative fuels in 2014, Siim Kallas, vice-president ...
U.S. Customs and Border Protection (CPB) announced Dec. 28 that it is moving to an all-electronic filing method for Form I-418 "Passenger List - Crew List." I-418 is required of the "master or ag...
Some relief is coming to small-scale rice farmers in the form of direct financial assistance through 2024 under Republic Act No. 11598, or the Philippine Farmers Cash Assistance Act, which was enacted by Pre...
ISLAMABAD: Amid reports of misuse of the China-Pakistan Free Trade Agreement (CPFTA), the government on Friday ordered all petroleum trading companies (CMOs) to provide factual data on importing oil from China....
President Joe Biden pledged to holistically “revitalize” US-Canada relations when he released the “Roadmap for a Renewed U.S.-Canada Partnership” alongside Canadian Prime Minister Justin Trudeau early las...
Net sales increased 20.6%; Comparable sales increased 7.7%PHILADELPHIA, PA, January 10, 2022 (GLOBE NEWSWIRE) - Five Below, Inc. (NASDAQ: FIVE) (“Five Below” or the “Company”) today announced net sales results...
Tax hikes and soaring bills will cause the biggest shock to household incomes in nearly half a century and risk deflecting the UK's fragile economic recovery, experts have warned.A person earning £...
ISLAMABAD:
The government on Wednesday approved the payment of 50 billion rupees to partially settle the contributions of Chinese power producers and authorized the imposition of a regulatory duty of up ...
UK plans to ease immigration rules by offering cheaper and easier visas to Indian tourists, students and professionals, with the aim of securing a trade deal with India, a press report sai...
On October 31, 2021, the Commerce Department announced that the United States had reached an agreement with the European Union (âEU"" To "replace" or "supplement" the 25% steel and 10% alu...
PATIALA: The All India Federation of Engineers (AIPEF) in a letter to the Chief Minister of Punjab and Minister of Finance of Punjab urged release of pending payments owed to Punjab State Power Corporation Lim...
Through Taxscan team - December 26, 2021 5:22 p.m.
This weekly roundup analytically summarizes the main stories related to the Customs, Excise and Services Tax Appeals Tribunal (CESTAT) reported on T...
On December 23, 2021, President Biden enacted the Uyghur Forced Labor Prevention Act, a bipartisan bill aimed at ensuring that products made with forced labor in the Xinjiang Uyghur Autonomous Region of the Pe...
By Alex Lawson (Dec. 21, 2021, 5:23 p.m. EST) - Fourteen Democratic lawmakers called on the Biden administration to reverse Trump-era national security tariffs on Tuesday, arguing that the levies impose...
The Labor Department extended the deadline for full implementation of its rule requiring large companies to vaccinate their employees against the coronavirus or be tested every week to Feb. 9, after week...
Farmers have observed the rise in prices of fertilizers since the beginning of this year and never ending. Fertilizer prices continue to soar, up to 300 percent in some areas, as farm...
The Philippines could lose $ 100 million in exports within the Regional Comprehensive Economic Partnership (RCEP) region with the implementation of the mega trade deal, according to a report by the Unite...
Muktar Ahmed, member of the House of Representatives, says excise duties on soft drinks will reduce the level of diabetes in Nigeria.
Ahmed, a member of the All Progressives Congress (APC) repre...
The government of Maharashtra on November 18 reduced the special duty rate on imported alcoholic beverages from 300 to 150 percent. As a result, the excise service announced new tariffs for alcohol taking int...