Goods and services tax (GST) of 3 per cent on gold will open a window for cheap jewellery imports from Indonesia and South Korea from July 1. Now, a 12.5 per cent countervailing duty is charged on imports of such jewellery from countries with which India has free trade agreements (FTAs). As excise duty … Read More →
There is disappointment for India’s apparel exporters who have been pushing for a Free Trade Agreement (FTA) with the European Union to regain lost markets. Commerce and Industry Minister Nirmala Sitharaman who chaired a consultation meeting with economists and media observers on ‘FTAs & India: The Way Forward’, blamed the EU for showing little interest … Read More →