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NEW DELHI: India will by Saturday (Nov 1) implement relaxed flight duty time rules for pilots to ensure that the cockpit crew operating flights are not fatigued, giving an impetus to flight safety. The Directorate General of Civil Aviation (DGCA) Wednesday said the seven remaining clauses of the revised “flight duty time limitations” (FDTL) will…
The new consolidated notification effectively merges all relevant exemptions and procedural details into a single framework, eliminating redundancy while preserving the substance of existing benefits. NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs duty notifications into a consolidated one. It said the new…
US President Donald Trump on Friday signed an order that provides relief for American carmakers while introducing a 25% tariff on truck parts.The White House said the order extends an arrangement allowing companies to reduce tariffs on imported vehicle parts. At the same time, it imposes a 25% tariff on medium and heavy-duty trucks and…
India, the world’s largest importer of cooking oil, needs a predictable and transparent multi-year tariff framework for edible oils to end a decade of policy volatility that has distorted prices and discouraged investment, a new study has found.The research titled “Tariff Volatility and Stakeholder Dynamics in India’s Edible Oil Sector” — jointly conducted by the…
Commerce ministry has moved to protect domestic solar cell manufacturers by recommending an anti-dumping duty on imports of solar cells from China for three years, officials said on Friday. The move comes amid concerns over cheap imports harming local players in the rapidly growing renewable energy sector, PTI reported.The Directorate General of Trade Remedies (DGTR),…
US President Donald Trump continued his series of tariffs on Monday (local time), with the latest move impacting lumber and home renovation products from October 14.The White House said a 10% global tariff will be applied to softwood lumber imports. At the same time, upholstered furniture will face a 25% global tariff, rising to 30%…
Donald Trump (File photo) US President Donald Trump announced that he plans to impose sweeping tariffs on foreign-made movies and furniture, accusing other countries of “stealing” from the United States. In one post on Truth Social, Trump wrote: “Our movie making business has been stolen from the United States of America, by other Countries, just…
India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25, mainly…
