Basmati rice exports likely to touch Rs.22,500 cr in FY18: ICRA
The Dollar Business Bureau The exports of Basmati rice from India is expected to touch Rs.22,000–Rs.22,500 crore in financial year 2017-18 and the volume to about 4.09 million tonne primarily supported by a growth in average realisations, said the credit rating agency ICRA Ltd in a report on Wednesday. “We expect the export volumes in FY17 to be around 4 million tonne (almost similar to the volumes in FY2016). However, muted average realisations are expected to keep the value of these exports to under Rs.21,000 crore, against Rs.22,718 crore in FY16,” said Deepak Jotwani, Assistant Vice President, ICRA to PTI. “In FY18, the value of exports is likely to grow to Rs 22,000–22,500 crore, with export volumes growing to around 4.09 million tonne and ...
India levies ADD on Chinese aluminium radiators used in automobiles
The Dollar Business Bureau The Directorate General of Anti-Dumping and Allied Duties (DGAD) an arm of the Commerce Ministry has notified the final findings of the anti-dumping investigation on the dumping of aluminium radiators of various types. Aluminium radiator sub-assemblies, aluminium radiator core, including in CKD or SKD conditions are among the types of radiators used in automobiles, being investigated for dumping allegations from China. The notification was released on March 20, 2017. The DGCIS in its final report says that the imports from China are far above the de minimis level of dumping margin. With such high magnitude of dumping margin, the dumped imports are causing material injury to the domestic industry. Banco Products (India) Ltd supported by other domestic petitioners such as Tata ...
Import duty on wheat increased to 25%, to continue till March
The Dollar Business Bureau In an effort to curb import of wheat in the country, the government has increase the basic customs duty on the food grain to 25%. The hike in import duty will remain effective till the end of the current financial year. The decision came amid concern over rising cheap imports of wheat from countries like Australia and France due to falling commodity prices in the global market. “In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic customs duty on wheat has been increased from 10% to 25% for a period up to 31.03.2016,” a Finance Ministry statement said on ...
