The Department of Revenue, Ministry of Finance, Government of India has imposed anti-dumping duty on imports of flax or linen fabric having flax content of more than 50 per cent, originating in or exported from China and Hong Kong. ...
Tags: Linen Fabric, Anti-dumping duty
The state governments of Karnataka and Andhra Pradesh have requested the Central Ministry of Finance to increase import duty on raw silk from the current 10 per cent to 30 per cent or at least to 15 per cent. In a written reply to Lok ...
Tags: Raw Silk, import duty
The Chinese government spent 109.5 billion yuan (17.9 bln US dollars) aiding people who can't afford medical services during the 2009-2014 period, an official said on Wednesday. Government spending on medical aid rose by an annual average ...
Tags: medical services, medical aid
There is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the Union Ministry of Finance has clarified. The Central Board of Excise and Customs (CBEC) had issued a ...
Tags: textile goods, textile industry
Founded in 1994 in a state-owned building, diode laser maker DILAS of Mainz, Germany has now acquired ownership. The owner LLB Rheinland-Pfalz (Landesbetrieb Liegenschafts- und Baubetreuung) agreed to sell the building, which DILAS expanded ...
Sales of China heavy trucks decreased 33% in the first five months this year over last year, and we predict that the sales will recover in the second half year. The drastical decreasing sales of heavy trucks can be attributed to the ...
Tags: Heavy Trucks, Trucks
Haiti’s centre for the facilitation of investments (CFI) signed a memorandum of understanding (MoU) with the association of industries in Haiti (ADIH) to strengthen textile investments in Haiti. Backed by the Inter-American ...
Tags: Textile Sector, Haiti
The Ministry of Finance on Monday announced adjustments on the tariffs levied on the import of personal items to stimulate domestic consumption. Starting from June 1, import tariffs on suits and sneakers will be trimmed from 14-23 percent ...
Tags: Import Tariffs, personal items
Industrial restructuring, growth in services good indicators of improving conditions, say experts Positive signs have started to emerge in China's economy since the second quarter, suggesting deepened industrial restructuring amid rapid ...
Tags: Industrial restructuring, Positive signs, China's economy
China raised the consumption tax on cigarettes from five percent to 11 percent, announced the Ministry of Finance in a statement on Friday. Each cigarette will be taxed an additional 0.005 yuan during the wholesale process, effective from ...
Tags: Tax Rate, Cigarettes
China will levy a resource tax on rare earths, tungsten and molybdenum based on sales value instead of production quantity, the Ministry of Finance announced on Thursday. The new tax, taking effect from May 1, is set at 6.5 percent for ...
Tags: Rare Earths, Resource Tax
China will reform the resource tax of several natural resources and cut unnecessary fees starting from May, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang on Tuesday. Resource ...
Tags: Resource Tax, Resource Fees
Fabric and garment exports from the Southeast Asian nation of Vietnam grew at nearly 12 per cent year-on-year to US$ 3.249 billion in the first two months of 2015, according to the preliminary data released by the customs IT & statistics ...
Tags: Fabric Exports, Garment Exports
The Government of Zimbabwe has granted a one-year rebate to 52 clothing manufacturers which will allow them to import textile materials duty-free for use in garment making. The Ministry of Finance has granted a one-year reprieve ...
The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday. However, inadequate battery technologies ...
Tags: Electric Cars, Battery Production