Search For "custom duty"
US tariffs have "no influence" on customs duty overhaul announced in Budge
Updated : 1 month, 3 weeks ago IST
Notably, the Finance Minister in her budget speech had announced the proposals for deduction in Customs and Central Excise for certain products which she said aims to further simplify the tariff structure, support domestic manufacturing, promote export competitiveness, and correct inversi
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Finance Ministry highlights basic custom duty rates on Interactive Flat Pa
Updated : 1 month, 3 weeks ago IST
Before the new Budget for the country is announced on Feb 1, the Ministry of Finance took to X to highlight the prior customs duty rates announced. During the previous Budget sessions, in a decisive move to solidify India's position as a global electronics hub and to promote domestic manu
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ED conducts searches at industrialist's residence in alleged Rs 190 crore
Updated : 4 months, 1 week ago IST
"The Enforcement Directorate has seized incriminating evidences in relation to the imports and exports and digital devices of key persons during searches conducted on November 12 at the residential premises and business premises of one of the key persons behind the evasion of custom duty
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Centre reduces basic custom duty on major imported crude edible oils from
Updated : 9 months, 2 weeks ago IST
The central government on Wednesday reduced Basic Custom duty (BCD) on major imported crude edible oils from 20 per cent to 10 per cent.
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Custom duty cut in select sectors will promote domestic industry, create j
Updated : 1 year, 7 months ago IST
Responding to the questions raised on the Finance Bill on Wednesday, Finance Minister Nirmala Sitharaman said that the government has brought in transformational changes in taxation to enable growth and employment in the country.
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"Reforms in custom duties will support domestic manufacturing": Finance Mi
Updated : 1 year, 8 months ago IST
In her budget speech in Parliament today, Finance Minister Nirmala Sitharaman said that the budget proposals for customs duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation while keeping the interests of the gene
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Union Budget proposes reduction in customs duty on gold, silver, platinum
Updated : 1 year, 8 months ago IST
Finance Minister Nirmala Sitharaman on Tuesday proposed to reduce customs duties on gold and silver to six per cent and on platinum to 6.4 per cent to enhance value addition in precious metal jewellery
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Indian toy makers secure orders worth over USD 10 million at Germany's Nur
Updated : 2 years, 1 month ago IST
The remarkable achievement is attributed to the high-quality products showcased by Indian toy makers, supported by government initiatives like mandatory quality norms, increased custom duty, and the National Action Plan on Toys (NAPT).
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Removal of additional custom duty on apples will not impact local players:
Updated : 2 years, 6 months ago IST
Amid the uproar over the removal of customs duty on apples imported from the US, the Commerce Ministry has clarified that the decision would not impact local players.
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Custom duty from 252 pc to zero will put India in global business of Car t
Updated : 3 years, 1 month ago IST
Union Minister for Heavy Industries, Mahendra Nath Pandey on Saturday said that scraping custom duty for car testing in India will put the country in the global business of car testing.
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Budget 2023: Govt to review custom duty rate on lab-grown diamond seeds: F
Updated : 3 years, 1 month ago IST
During her Budget speech, Union Finance Minister said a proposal to review the custom duty rate on LGD seeds to reduce the cost of production.
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Govt proposes to cut customs duty on goods to 13 pc from 21 pc
Updated : 3 years, 1 month ago IST
In a blow to cigarette-manufacturing companies like ITC, the government has decided to hike National Calamity Contingent Duty (NCCD) on specified cigarettes by about 16 per cent.
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