Minimum Import Price News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Campco urges the Prime Minister to address concerns regarding the ongoing illegal import and auction of seized arecanut goods. They emphasize the need for a minimum import price and auction floor price to ensure fair trade practices and prevent market manipulation. Quality testing is also highlighted to prevent low-quality arecanut from entering the market and compromising consumer safety.

The Chandigarh Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the minimum import price (MIP) paid on prime pre-painted steel coils is not payable; therefore, a...

The government has mandated the registration of yellow peas imports under the import monitoring system until March 31, 2024, as part of an effort to enhance domestic availability of the commodity. This requirement will be followed by a restricted import policy and associated conditions from April 1, 2024, as stated by the Directorate General of Foreign Trade (DGFT).

The move is aimed at increasing domestic availability of the commodity.

The retaliatory duties removed are 10 per cent on chickpeas, 20 per cent on lentils, Rs 7-20 per kg on almonds,; and 20 per cent each on walnuts, apple, boric acid, and diagnostic reagents. The BCD on these goods are 60 per cent on chickpeas, 30 per cent on lentils, Rs 35-100 per kg on almonds, Rs 100 per cent on walnut; 50 per cent each on apples, 7.5 per cent on boric acid, and 10 per cent on diagnostic reagents.