SME Times is powered by   
Search News
Just in:   • Sensex sheds 382 point over profit booking, crude oil prices  • Weak rupee benefited Infosys in Q2: CFO  • JSW Energy's Himachal hydro plants unaffected by recent heavy rains  • Investment cycle rising since 2016, to last till 2022: RBI  • Centre working to achieve zero hunger by 2030: Minister 
Last updated: 29 Mar, 2017  

tur.dal.thumb.jpg Govt imposes 10 pc import duty on wheat, tur dal

wheat-export.jpg
   Top Stories
» Investment cycle rising since 2016, to last till 2022: RBI
» Workshop on health of GeM organized
» Rupee slide not helping exports sector: Drip Capital CEO
» Naidu leaves for Belgium to attend 51-nation ASEM summit
» 45 Indian cos taking part in Expo Cihac in Mexico
SME Times News Bureau | 29 Mar, 2017
The government on Tuesday imposed 10 percent import duty on wheat and tur dal (arhar) with immediate effect.

The move is aimed at protecting farmers' interest in the wake of bumper harvest this year.

Arjun Ram Meghwal, Minister of State for Finance, informed Lok Sabha that amendments were made in a notification to impose basic customs duty of 10 percent on wheat and tur with immediate effect.

In December last year, the government had scrapped the 10 percent import duty on wheat amid rising domestic prices and concerns of a dip in buffer stocks following two consecutive drought years.

As wheat harvest has started arriving in the market, the decision to impose import duty will help to contain fall in the prices and ensure fair support price to the farmers.

As per the government's second advanced estimates, the production of wheat is estimated at 96.64 million tonnes this year, which is higher than the previous record production of 95.85 million tonnes in 2013-14.

Tur dal production is estimated to be 4.23 million tonnes this year.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 17 Oct, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» Letter of Credit - a safe and secure payment mode?(1)
» Punjab to give unique number to plots of land to prevent frauds(1)
» Ashok Leyland to launch 13-seater passenger vehicle, LCV(1)
» Nearly 80 pc of Indian startups are unsuccessful: Survey(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter