Page 5 - Export Duty News Today

Russia is still expecting its oil export revenues to continue to increase through the next three years—even in the face of Western price caps and embargos

The Indian government has reduced the windfall gain tax on domestically produced crude oil to ₹6,700 per tonne from ₹7,100 per tonne. The export duty on diesel has been increased to ₹6 per litre from ₹5.50 per litre, while the duty on Aviation Turbine Fuel (ATF) has been increased to ₹4 per litre from ₹2 per litre.

The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.

MUMBAI, Aug 29 — India’s move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tonnes to...

Export duty, imposed on August 25, will remain effective till October 16, 2023, says Finance Ministry

Nashik: The volume of onions exported from Nashik district has dropped by over 60% in just six days, since the Centre imposed a 40% export duty on the.

Duty exemption would be available on parboiled rice lying in customs ports which have not been granted LEO (let export order) and are backed by valid LCs (Letter of Credit) before August 25, 2023.

The tariff by India will make parboiled rice expensive for foreign buyers, thereby limiting its overseas sales and boosting domestic availability | Latest News India

The decision to impose a 20 per cent export duty on parboiled rice will make purchasing the commodity expensive for foreign buyers, thus limiting its overseas sales and at the same time boosting its domestic availability.

The move comes a month after the government had imposed a ban on the export of widely consumed non-basmati white rice.