Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TDS :: VAT Audit :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: cpt :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

India becomes 3rd largest importer of Chinese tyres
June, 06th 2008

BS reported that, as Indian tyre manufacturers reel under the high prices of raw materials like natural rubber, crude oil and carbon black, they face a tough challenge from China even as its exports to India climbs multi fold.

According to data provided by Automotive Tyre Manufacturers Association, from 39th rank in 2002-03, India climbed to the 3rd position in 2007. During April 2007 to February 2008 period, Indian imports from China surged almost two fold to 1.2 million units from 660,000 units. The Indian tyre market comprising tyres of cars, UV, OTR, trucks and buses, is worth INR 20,000 crore currently.

Mr Rajiv Bhudhraja director general of ATMA said that "The average price of a pair of Chinese truck tyre is about INR 7,500, which is significantly lower than Indian prices which retail at about INR 13,000 to INR 15,000. More than 100,000 Chinese tyres are imported every month, totaling to about INR 900 crore yearly. More alarming is the fact that people have changed their perspective about products from China, which was once thought to be sub standard."

He added that "China has been able to sell radial tyres at such lower rates to India because of the very low cost of manufacturing in that country and also due to under voicing the imports and selling them without paying VAT here. In addition, China has huge capacities of radial tyres."

The domestic tyre market consists of leading players like MRF followed by Apollo, Bridgestone, CEAT, JK Tyres, Michelin, Goodyear, among others.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions