Business
September 11, 2023
3 min

Indian onion exports face more trouble as Customs officials use ... - India Shipping News

India's Central Board of Indirect Taxes and Customs has imposed a 40% customs duty on exported onions to control local prices. The duty will be in effect until December 31, 2023. Customs authorities are using different base rates to calculate the duty, preventing under-invoicing by exporters. These measures are part of the government's efforts to combat inflation, which was driven by high food and vegetable prices.

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Adhikansh Gupta
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Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry