Traders Body CAIT Calls For Boycott Of Chinese Products, 500% Duty Hike

Calling China a probable enemy, the Confederation Of All India Traders has given a call to boycott Chinese products and sought custom duties of up to 500% on these goods. This development comes after China supported Pakistan at the United Nations Security Council on the abrogation of Article 370 in India related to the special status for the erstwhile state of Jammu and Kashmir. The body said that China has placed itself on the probable enemies for security of the country list by supporting Pakistan’s claim. The call has been given to…

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India imposes higher customs duty on 28 US products

The increased customs duties will come into effect from Sunday India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium. The increased customs duties will come into effect from Sunday, an official notification said. The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market. Amending its June 30,…

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