Federation of Indian Mineral Industries seeks waiver of 15% duty on bauxite exports

As exports of non-plant grade bauxite from the country are losing traction in the international market, Federation of Indian Mineral Industries (FIMI) has sought exemption of 15 per cent duty levied on export shipments. The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties. This intervention by the government will […]

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Politics and business: Edible oil importers from India advised to refrain from palm oil import from Malaysia

The edible oil industry has been advised to refrain from import of crude and refined palm oil from Malaysia amid strained relations between the two countries after latter’s stand on abrogation of Article 370 in Jammu & Kashmir. In an advisory to its nearly 1000 members, almost all leading players in the edible oil industry, […]

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Government of India initiates probe into alleged jump in palm oil imports from Malaysia

The government has initiated a probe into alleged jump in imports of a particular variety of palm oil from Malaysia, following a complaint from Solvent Extractors’ Association of India (SEA). Commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has found prima facie sufficient evidence that the imports have increased significantly and that has […]

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