import duty

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  • noun

Words related to import duty

a duty imposed on imports

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References in periodicals archive ?
coal and said that increase in import duty would nullify the positive initiative of the government to use coal as an alternate energy source.
It also recommended waving off import duty on solar panels.
India's commerce minister has suggested that the import duty on gold be cut.
SUGAR turned bitter on Monday getting costlier by `60 per quintal at leading wholesale markets with the import duty being raised from 15 per cent to 40 per cent.
Local gold and diamond retailers are welcoming reports that Indian officials are in discussions to cut a record high import duty on gold and relax rules on exports.
New Delhi: The Indian government is likely to increase import duty on jewellery from 10 per cent to 15 per cent with a view to check inward shipment of gold besides protecting domestic manufacturers.
Sandeep Singh, deputy MD and COO (marketing and commercial), said, 'The Lexus project has been delayed due to heavy import duty and the sluggish market.
The United Arab Emirates has announced a five per cent import duty on all Turkish reinforcing bar effective from 5 January without exemption, a move that effectively blocks one of Turkey's largest seaborne export markets for the product, market participants informed Platts Steel Business Briefing on Thursday (3 January).
The Islamic Republic has doubled the import duty on rice from 45 percent to 90 percent to block rice imports that Iranian rice growers complain are driving down prices.
The government has increased import duty facility for plastic and plastic goods this year by 40% to Rp81 billion.
He added that this also included the cutting of the import duty on white sugar from 30 to 5 percent.
Manufacturers of confectionery products announce higher prices unless the Government extends the measure of a reduced import duty rate on sugar.
The Customs Union of Russia, Belarus and Kazakhstan increased the import duty for raw sugar from $50 to $85 per a ton, the Association of Sugar Producers of Customs Union said.
INCREASING sales in India's domestic knitwear market, improving local manufacturing and the country's high import duty has prompted international brands, such as Marks & Spencer and DKNY to abandon or reduce imports and source their products locally.
He said hike in General Sales Tax to 17 percent is an indirect burden on the poor of the country besides increase in import duty on essential items will hurt the dollar rupee parity to the importers.