23 07 2010
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Wheat future prices increased by more than Rs 5 per quintal as the central government is expected to impose import duties on wheat within the next 7-10 days. The government is considering this move due to comfortable food grain reserves and stocks that are more than double required buffer norms. Wheat prices were also supported by increases in prices of other feed items like barley and maize. As a result, wheat futures on the NCDEX rose to Rs 1258 per quintal after reaching an intraday high of Rs 1261.50 per quintal.
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The document discusses customs duties in India. It outlines that [1] customs duties are levied on imports and exports according to the Customs Act of 1962 and Customs Tariff Act of 1975, [2] basic customs duty is charged on all imported goods at rates specified in the Customs Tariff Act, and [3] additional duties include an additional countervailing duty equal to internal excise duties and an education cess.
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23 07 2010
- 1. PRABHUDAS JAMNADAS & C0 AGRICULTURE UPDATE.