Exporters and government officials in India are divided on the correct market price of food grains and onions, on which customs duty is calculated. The lack of a proper system to calculate the tax has led to under-invoicing by some traders to avoid customs duty and the illegal shipment of banned commodities. In response, the government has announced that only export contracts with a minimum price of $1,200 per tonne will be cleared for shipments under the basmati rice category. Both onion and rice exporters are now calling for customs duty to be fixed per kilogram of the commodity exported.
AIREA plc (LON:AIEA – Get Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 33.58 ($0.44) and traded as low as GBX 31.10 ($0.41). AIREA shares last traded at GBX 32.50 ($0.42), with a volume of 46,102 shares […]
AIREA plc (LON:AIEA – Free Report)’s stock price traded up 3.3% during mid-day trading on Friday . The stock traded as high as GBX 31.50 ($0.40) and last traded at GBX 31.50 ($0.40). 57,500 shares were traded during trading, an increase of 131% from the average session volume of 24,841 shares. The stock had previously […]