Page 4 - Export Duty News Today

The duty had been imposed in August, after headline inflation rose to 7.8 per cent in July due to a surge in prices of food items such as wheat, rice and vegetables

In August, the government imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till 31 December 2023, , central government, Bangalore Rose Onion, bangalore, Export duty

Export Exemption: The Finance Ministry has exempted the export of Bangalore rose onions from duty, provided certain conditions are met, according to a recent notification. Exporters may be granted an exemption from export duty if they provide a certificate from the state horticulture commissioner certifying the item and quantity of Bangalore Rose Onion to be exported.

The Finance Ministry has exempted the export of Bangalore rose onions from duty, provided certain conditions are met, according to a recent notification. Exporters may be granted an exemption from export duty if they provide a certificate from the state horticulture commissioner certifying the item and quantity of Bangalore Rose Onion to be exported.

The scheme is operational since September 2021

The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources. Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20. This is not likely to affect the onion prices in the country.

The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources. Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20. This is not likely to affect the onion prices in the country.

Auctions of onions remained closed at most of the APMCs in the district, including at Lasalgaon, the largest wholesale onion market in India, on August 20

Indias tax on parboiled rice exports has led to a halt in trade activity. However, it is expected to restart after the duty becomes nil post-Oct. 15. The prices for 5% broken parboiled rice in India remained near a record high, while Vietnamese and Thai export rates eased slightly. The prices for 5% broken rice in Thailand and Vietnam have dropped due to a weaker baht and lower demand from the Philippines.

India Export: Indias tax on parboiled rice exports has led to a halt in trade activity. However, it is expected to restart after the duty becomes nil post-Oct. 15. The prices for 5% broken parboiled rice in India remained near a record high, while Vietnamese and Thai export rates eased slightly. The prices for 5% broken rice in Thailand and Vietnam have dropped due to a weaker baht and lower demand from the Philippines.