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Policy▼ Bearish for Indian equities
Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaul
The brief
- Proposed customs overhaul may require bonded warehouses to report shortages or discrepancies electronically within 24 hours
- Warehouses may also need to keep digital records for five years
- Tighter compliance could raise costs for Indian warehousing and logistics operators
- India weighs lower pulse import duties to curb food inflation
- India steps up palm oil buying after import-duty cut spurs restocking
- Pulses import duties may ease over poor rains
- India's sunflower oil imports seen up 30% on duty cut, industry official says
- Indian recyclers seek to scrap pre-shipment inspection rules for scrap imports