Tag: import duties

Metal Mules Busted, Indian Gold Smuggling Still Rampant

Metal Mules Busted, Indian Gold Smuggling Still Rampant

I would like to report the culprits in Indian gold’s biggest smuggling case were carried off the plane with a hernia after trying to get their carry-on bag into the overhead locker, or that the wheels dropped off the carry-on as they left the arrivals hall but the reality is the single biggest seizure of smuggled gold in India was a simple tip off.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

But what a tip off, according to the India Business Standard the Special Operation Group of the Ahmedabad City Police seized 60 kg of the yellow metal worth an estimated $2.35 million at the Sardar Patel International Airport. Six individuals were arrested including three who had flown in from Dubai on an Emirates Airlines flight and three that met them on arrival and helped load the heavy cases into a car.

The previous highest quantity of pure gold bars and coins seized was in Mumbai last year when about 16 kg of the metal was seized at the airport. The biggest seizure on the country’s border was in 2013 when about 35 kg of gold was seized at Indo-Nepal border in 2013.

India Appeals WTO US Anti-Dumping Duties Case… Despite (Mostly) Winning It

India Appeals WTO US Anti-Dumping Duties Case… Despite (Mostly) Winning It

Dumping of low-priced products and the imposition of an anti-dumping duty is always a contentious international issue.
Recently, despite getting a favorable ruling from the World Trade Organization (WTO) in a case related to the imposition of duties by the United States on the export of steel by Indian companies, India filed an appeal against certain portions of the ruling.

FREE Download: The Monthly MMI® Report – covering Steel/Iron Ore markets.

While the WTO had concurred with India’s contention that the US’s move of levying countervailing duties (CVD) on Indian high-grade iron ore had contravened WTO rules, it rejected other objections raised by India on other technical issues such as how penalty duties were to be calculated.

Photovoltaic Solar Import Duties: Stop Me Before I Save Your Environment!

Photovoltaic Solar Import Duties: Stop Me Before I Save Your Environment!

The US photovoltaic solar panel industry is booming as millions of Americans are having low-cost Chinese-manufactured PVs installed on their homes and businesses’ rooftops, yet it all may be coming to an end as import duties on Chinese PVs might come down today.

FREE Download: The Monthly MMI® Report – covering the Renewable Energy metals market.

On one side is a German company that has a US subsidiary. On the other? Chinese manufacturers and their US installers.

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