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India had also agreed to cut special regulations on trading carbonated drinks, many medicinal drugs, and lowering regulations on many imports that are not of an agricultural nature. Both nations have agreed to discuss improved facets of Indian regulation in the trade of jewellery , computer parts , motorcycles , fertiliser , and those tariffs ...
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
India is the second biggest oil importer after China and is highly dependent on imported crude oil. [27] The net imports of crude oil rose from 171.73 Mt during 2011–12 to 226.95 Mt during 2020–21. The net imports of natural gas increased from 18 BCM in 2011–12 to 32.86 BCM in 2020–21, recording a CAGR of 9.44%.
The United States imposes tariffs (customs duties) on imports of goods. The duty is levied at the time of import and is paid by the importer of record. Customs duties vary by country of origin and product. Goods from many countries are exempt from duty under various trade agreements. Certain types of goods are exempt from duty regardless of source.
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
The Biden administration's new travel restrictions on India took place today as that country faces a worsening COVID crisis. The policy bans most travel from India to the U.S. with some exceptions.
This article is part of a series on the Politics of India Constitution Amendment Basic structure doctrine Fundamental Rights, Directive Principles and Fundamental Duties of India Human rights Judicial review Taxation Uniform Civil Code Government President of India Droupadi Murmu (15th) Vice President of India Jagdeep Dhankhar (14th) Prime Minister of India Narendra Modi (14th) Cabinet ...
The U.S. will no longer allow the import of seafood linked to the bycatch of marine mammals. Each year, over 650,000 marine mammals, including seals, whales, and dolphins, are killed by ...