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Latest Articles in Commodities

‘India Sets Up Panel To Revive Loss-Making Steelmaker SAIL’

Due to steps taken by the government in 2016/17, SAIL could increase its domestic sales by 4 percent to 12.4 million tonnes in 2016/17

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Gold Demand Slumps As Prices Rise, Seasonal Consumption Slows In India

Dealers in India offered discounts for gold, as the absence of key festivals kept demand subdued, especially as the wedding season has passed

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India's Edible Oil Imports To Fall For First Time In Six Years

The lower purchases by the world's biggest importer of vegetable oils come amid a 13 per cent run-off in international crude palm oil prices this year

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Cotton Output For 2016-17 Expected To Be 337.25 Lakh Bales

In its May projection, CAI had estimated 336.25 lakh bales for the 2016-17 crop year, beginning from October 1

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‘Canadian Coking Coal Imports By India Likely To Increase In Future’

Canada annually exports about 30 million tonne of coking coal out of which Indian steel companies purchase around 3 million tonne

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Gold Settles Below Rs 29,000, Silver Holds Up Firm

Gold prices got below the Rs 29,000-mark by sinking Rs 100 to Rs 28,950 per 10 grams, dragged down by slack demand from local jewellers, even as the metal made headway overseas

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GST Likely To Impact Profitability Of Branded Basmati Rice Companies: ICRA

Under GST, Basmati rice has been included in the category of branded cereals registered in the Register of Trade Marks that attract a levy of 5 per cent GST.

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Sale Of Old Jewels To Attract 3% GST

But, if the jewellery is sold and new one bought through the proceeds, the three per cent tax paid will be deducted from the Goods and Services Tax (GST) payable on buying new jewellery.

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India's June Gold Imports Spike As Buyers Tried To Beat Higher Sales Tax

June gold imports climbed to an estimated 75 tonnes from 22.7 tonnes a year ago, GFMS said. For the first half of the year, imports rose to 514 tonnes, up 161 percent from a year ago.

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Govt May Impose Countervailing Duty On Certain Steel Products

It has recommended that the actual duty should be the difference between the quantum of countervailing duty proposed (which is 18.95 per cent) and anti-dumping duty payable, if any.

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GST Could Dampen India Gold Demand In Short Term: Report

As part of a new nationwide sales tax regime that kicked in on July 1, the Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously.

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JSW's Crude Steel Output In April-June Slightly Up 1%

Flat-rolled products also registered a rise of 1 per cent to 2.76 mt as against 2.74 mt during the same quarter a year ago.

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Revenue Dept Removes Additional Excise Duty On Cigarette, Tobacco

The revenue department also "rescind" the central excise notification dated February 27, 2010, which deals with excise duty rate on unmanufactured tobacco and chewing tobacco.

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