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May 4, 2024
Onion Export Ban: "The export policy of onions is amended from prohibited to free subject to MEP of USD 550 per metric ton with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.
May 4, 2024
India News: Government lifts ban on onion exports, allowing traders in Maharashtra to export at $550/tonne with a 40% export duty. Market conditions, crop volume,
May 3, 2024
Currently, the export of onion is banned. However, the government allows shipments to Indias friendly nations. It has permitted a specified quantity of onion exports to UAE and Bangladesh.
May 3, 2024
Govt exempts import duty on 'desi chana' till March 2025, imposes 40% export duty on onions. Extends yellow peas duty exemption. Chana price at Rs 6,3
April 30, 2024
The export duty on petrol diesel and aviation turbine fuel (ATF) will continue to be nil. The new rates will be effective May 1, the central board of Indirect Taxes and Customs( CBIC) said in a late night notification Tuesday. The government had on April 16 raised the windfall tax on petroleum crude to 9,600 rupees a metric ton from 6,800 rupees.
March 28, 2024
Indias rice export prices increased this week due to higher duty on rice shipments, while Thailands demand remained low. The government imposed a 20% export duty on parboiled rice exports in August 2023 to control domestic rice prices. The customs department has demanded payment of duty differentials on rice exported in the last 18 months, which could cripple rice shipments from India.
February 23, 2024
FAAC, in a communique issued at the end of its monthly meeting in Abuja, said the revenue was shared to meet the needs of the subnational governments.
February 23, 2024
The Federation Account Allocation Committee (FAAC) announced the distribution of N1.149 trillion in January 2024 revenue, marking an increase compared to December 2023.
February 23, 2024
FAAC in a communiqué issued at the end of its monthly meeting in Abuja said the revenue was shared to meet the needs of the sub-national government.
February 23, 2024
(AFRICAN EXAMINER) - Total revenue accrued to coffers of the government increased to N2.07trn in January 2024 out of which a total sum of N1.15trn was disbursed to the Federal Government, states, and Local Government Area Councils, the Federation Allocation Accounts Committee disclosed on Thursday. FAAC in a communiqué issued at the end of its