import duties
India To Shift Towards Soyoil, Reduce Palm Oil Imports In 2024
Finance Government National News

India Rises Molasses Tax By 50% Extends Edible Oil Duty Cut

The Indian government has imposed a 50 per cent export duty on molasses and extended lower import duties on edible oils for another year. Aimed at bolstering domestic ethanol production and ensuring edible oil affordability. This high export tax will apply to molasses, a crucial component in the production of ethanol. According to a notification […]

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Tesla To Double Component Imports From India
Companies News

Tesla Targets $1.9 Bn In Component Purchases From India In 2023

US-based electric vehicle maker Tesla is targeting to buy components worth USD 1.9 billion from India this year. Last year, the company bought components worth USD 1 billion from India, said Commerce and Industry Minister Piyush Goyal on Wednesday. Goyal was speaking at the 63rd Annual Session of the Automobile Component Manufacturers Association of India […]

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India May Allow Tesla's Chinese Vendors To Produce Components In Country
Brands Companies Manufacturing News

India May Allow Tesla’s Chinese Vendors To Produce Components In Country

India might contemplate permitting foreign vendors of Tesla, specifically those in China, to produce essential components within the country. However, the government is not inclined towards granting special exemptions exclusively for Tesla or any other specific company. This development carries significance due to the fact that certain crucial components required for electric vehicles, such as […]

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