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 ?
'I don't think that India will do this and I doubt that the current import duty on refined palm oil, which is at 45 per cent, will increase because we have the agreement with India and you cannot go beyond the agreed quantum without discussion.
The motion, 'Urgent need to review the Import Duty of Soap Noodles,' from its current 10% was sponsored by Senator Barau Jibrin (Kano North) and five others.
The comparable price in India based on a 10 per cent import duty is Dh168.45 plus 3 per cent GST (Goods and Service Tax).
While presenting the Union Budget 2019-20, Sitharaman said the import duty on gold and precious metals to be raised to 12.5 per cent from the current level of 10 per cent.
Now, to continue using his phone, Mateen has to pay import duty to get the set registered with PTA since it has been over 60 days since his brother brought the device.
Bangladesh re-imposed a previous import duty of 28 percent in June after reducing it in two phases in 2017, to 2 percent, as local rice prices climbed to a record high.
However, he urged that government should not make any increase in RD on the import of industrial raw material, rather it should further cut import duty on raw material for industry that would be helpful in promoting industrial activities and exports.
The development assumes significance as recently Karnataka Chief Minister H D Kumaraswamy wrote to Prime Minister Narendra Modi regarding issues of the sector in the state and sought a hike in the import duty on the mineral.
Even in cases where a consumer is purchasing a consumer good that is entirely manufactured in China, the 25% import duty does not translate into a 25% retail price hike.
The prime minister very kindly acceded to the APNS request and announced immediate withdrawal of 5% import duty on newsprint.
All Pakistan Newspapers Society President Hameed Haroon and Secretary General Sarmad Ali in a press statement have thanked the prime minister for accepting the request of the APNS to waive off import duty on newsprint to bail out the newspaper industry from the monetary crisis caused by the hike in newsprint prices in the international market.
On March 9, the Trump administration raised the import duty on aluminum products to 10%, while on steel products the duty was raised to 25% for all countries except Canada and Mexico.
He tweeted, 'For example, an American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold difference' and 'I am against import duties in general, but the current rules make things very difficult.
According to details, one category - for which import duty was Rs 1,000 - has been reduced to Rs 650.
President Rodrigo Duterte has signed several executive orders modifying the rates of import duty or tax on various products and equipment.