Metal importers under scrutiny for quoting low

20 Jul 2022 CW Team

After the customs authorities issued reassessment orders to a number of metal importers, commodity prices on the London Metals Exchange have been the most recent source of contention between numerous Indian importers and the revenue department. Officials contend that the prices for the metals on the LME were far greater than what the importers indicated. They have reportedly alleged that importers undervalued zinc and copper in order to avoid paying customs duty. Numerous importers have complained to the courts over the orders raising import charges. Importers claim that metal prices are quite erratic. They claimed that for calculating customs duty, the price at the time the order was placed, rather than the price in effect at the time the tax was imposed, must be taken into account. The reassessment decisions have been contested by a number of importers in the Madras High Court.

Also read:
NHPC forms MOU to create test projects for green hydrogen
Jindal Stainless to supply steel for tunnel project in J&K

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..