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Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs

To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read more

Raise basic custom duty on aluminum scrap to curb imports: Industry

As part of its Budget 2021 suggestions, the Indian aluminium industry has sought Government intervention to curb imports by raising the basic custom duty on primary aluminum and scrap imports to 10 per cent from current 7.5 per cent and 2.5 per cent respectively.Read more

Stainless steel industry seeks to reduce import duty on key raw materials

This move is expected to catalyse Make in India and also will spur the domestic market. Read more

Government may consider duty hike on RE imports

This hike is expected to reduce dependence on imports from China and develop components locally.Read more

Unlocking the export challenge

Share of exports of products related to India’s micro, small and medium enterprises (MSME) during the year 2018-19 stood at 48.10 per cent, as per the information from Directorate General of Commercial Intelligence and Statistics. Read more

TSC unveils its 3 new printers for from light to heavy-duty applications

These new products are ideal for environments like manufacturing, logistics, healthcare, and retail segments, etc.Read more

FPT Industrial, IVECO, and NIKOLA JV to develop emission neutral truck

This JV comes three months after CNH Industrial’s announcement, on September 3, 2019, involving its FPT Industrial powertrain brand and its IVECO commercial vehicles division, of the intention to enter into a strategic partnership with NIKOLA Motors.Read more

Elesa+Ganter‘s specialty hinges from for superior door and flap solutions

Elesa+Ganter has made further improvements to its hinges, adding practical extra features to create designs for very particular niche applications.Read more

Steel users collectively appeals over duty hike on steel imports

The 25 per cent safeguard duty on imports of steel will likely impact and affect many SME and MSME steel users across India and will lead to serious disruption in steel sector. Read more

Budget announces changes in customs duty for some products

Import of defence equipment, currently not manufactured in India, are being exempted from the basic customs duty, said Finance Minister Nirmala SitharamanRead more

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