Page 11 - Export Duty News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PETALING JAYA: Restaurant owners are maintaining their menu prices, at least for now, despite India’s sudden move to impose a 40% export duty on onions.

Nashik: Exporters, who have already sent their onion-laden containers to the Jawaharlal Nehru Port Trust (JNPT), will either have to pay the recently .

The onion trade has requested the government to introduce a floor price for calculating export duty on onions in order to ensure fairness among all stakeholders. Bans and restrictions on wheat, rice, and onion exports are causing revenue losses and inventory pileups for businesses. The government has imposed a 40% export duty on onions to control rising prices, but there is concern that certain ports and stakeholders may have an advantage.

India Business News: In an attempt to curb the substantial increase in retail onion prices, the central government recently enforced a 40% export duty on onions.

The onion trade has requested the government to introduce a floor price for calculating export duty on onions in order to ensure fairness among all stakeholders. Bans and restrictions on wheat, rice, and onion exports are causing revenue losses and inventory pileups for businesses. The government has imposed a 40% export duty on onions to control rising prices, but there is concern that certain ports and stakeholders may have an advantage.