China to cut Import Tariffs on Textile, Metals and other Products: Chinese Finance Minister

BEIJING: China will cut the import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the Finance Ministry said recently. Import tariffs on wood and paper products, minerals and gemstones will be cut to 5.4 percent from 6.6 percent, the Ministry said Source :dailyshippingtimes

NEW DELHI: India’s coal import increased substantially by 35 per cent to 21.1 million tonnes (MT) in September, as against 15.61 million tonnes in the corresponding month previous fiscal. The rise in imports comes at a time when the captive power plants in the Country are grappling with the issue of coal shortages. “The increase
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India raised import duty on a range of items as Government seeks to rein in the current account deficit and shore up the rupee. The move follows an announcement to this effect by Finance Minister Arun Jaitley earlier this month after a meeting with Prime Minister Narendra Modi in the wake of the slump in
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Indian refiners are preparing to cut daily Iranian crude oil imports nearly in half in September and October compared with the daily imports for April-August, according to data gathered by Reuters from industry and trade sources. Even with the reductions for this month and next, India refiners will still import about 73 percent of their
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MUMBAI: India’s coal import rose 11.9 per cent to 78.7 million tonnes in the first four months of the current fiscal. The Country had imported 70.3 million tonnes (MT) coal in April-July period of the last fiscal, mjunction services, a joint venture between Tata Steel and SAIL, has said. “Overall, coal and coke imports during
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MUMBAI: Higher demand for thermal power and lower-than-required growth in domestic coal output may push up coal imports to 62 million tonne this fiscal, says India Ratings. According to the ratings agency, imported coal requirement is likely to increase to 62 million tonne this fiscal from 56 million tonne in FY2018 to meet the incremental
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The government is working on a scheme to allow duty-free import of capital goods by the domestic industry. The initiative could be an alternative to some of the export incentive schemes (EPCG, those for EOUs and SEZs) that will now have to be phased out or withdrawn because of their incompatibility with global trade rules,
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India imported 57.99 million tonne(MT) of coal in April-June, registering an increase of 4.1 per cent from the same quarter of 2017-18. Coal import in the year-ago period stood at 55.69 MT, as per the latest data from mjunction services, an online procurement and sales entity jointly floated by state-owned SAIL and Tata Steel. “Overall,
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Chinese buyers have lowered their bids for September-loading shipments of Australian 5,500 kcal/kg NAR thermal coal to $60-$61/mt FOB Newcastle as stocks continue to build at Chinese ports, sources said Friday. August and September are low season months in the Chinese coal consumption calendar, a market source said. Market expectations are for Chinese buying interest
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The 38th batch of Export Import Workshop will commence on September 22, 2018, Saturday at 6 pm atAll India Institute of Local Self Government, ‘Sthanikraj Bhavan’, C. D. Barfiwala Marg, Juhu Galli, Andheri (W), Mumbai. It will be conducted by Mr Ajit Shah, who has years of experience in coaching export-import subjects in various institutions.
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