Search For "customs duties"
Budget likely to be inward-looking amid global uncertainty: Ashika Group C
Updated : 1 month, 2 weeks ago IST
Speaking with ANI on the expectations from the Union Budget 2026, Arora said, "From a duty standpoint, there could be some tweaking that happens on the customs duty. We may have to make concessions on goods coming in from the United States and provide concessions as well. So there will be
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ICEA seeks duty cuts, operational reforms in Union Budget 2026 to boost el
Updated : 1 month, 2 weeks ago IST
According to the association, although these components account for a small share of the bill of materials, higher duties increase overall production costs and reduce India's global competitiveness. Aligning duties with other sub-assemblies would support scale, discourage arbitrage, and e
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India temporarily suspends postal services to United States
Updated : 6 months, 3 weeks ago IST
According to an official release issued by the Ministry of Communications, consequently, all international postal items destined for the USA, regardless of their value, shall be subject to customs duties as per the country-specific International Emergency Economic Power Act (IEEPA) tariff
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If Centre did not debate customs duty, Tesla showroom would have opened in
Updated : 8 months ago IST
Shiv Sena (UBT) leader Aaditya Thackeray on Tuesday claimed that if the Centre had not debated on customs duties, the Tesla showroom in Mumbai would have opened in 2021.
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DGFT notification on precious metal trade ensures consistency between cust
Updated : 9 months, 4 weeks ago IST
The Directorate General of Foreign Trade (DGFT) has issued a new notification to streamline the import of precious metals, ensuring consistency between customs duties and import regulations.
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DRI cracks down on undervaluation in import of high-end luxury cars, one a
Updated : 10 months ago IST
Specific intelligence developed by DRI indicated that High-end Luxury Cars were being imported by resorting to undervaluation to the extent of 50 per cent by mis-declaring the import value at the Indian ports of Import to evade the applicable Customs Duties, said a statement from the Ministr
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Israel cancels all import duties on American-made goods
Updated : 11 months, 2 weeks ago IST
At the directive of Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Economy and Industry Minister Nir Barkat, Israel has cancelled all of the customs duties - tariffs - that have been levied until now on products from the US, Israel's largest trading partner.
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Israel to allow large increase in quotas for honey imports
Updated : 11 months, 2 weeks ago IST
In order to reduce honey prices in Israel, while maintaining local production, Israel's Ministry of Agriculture and Food Security is formulating an outline for distributing quotas for the import of honey exempt from customs duties.
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Customs duty cuts, levy withdrawals an ongoing process, not linked to glob
Updated : 11 months, 3 weeks ago IST
Finance Minister Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue.
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FM Nirmala Sitharaman lauds CBIC for duty rationalisation exercise
Updated : 1 year ago IST
Speaking at International Customs Day 2025, finance minister Sitharaman said the CBIC team has been working very hard to rationalize the customs duties for the last two years.
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Budget 2025: Here's what all will get cheaper and costlier as FM rejigs ba
Updated : 1 year, 1 month ago IST
Finance Minister Nirmala Sitharaman as part of her Budget presentation proposed a host of tweaks in basic customs duty (BCD) for various products or items that are critical for manufacturing or for day to day needs. In some cases they were raised to make domestic manufacturing robust.
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UAE-Chile Comprehensive Economic Partnership Agreement aims to reduce cust
Updated : 1 year, 7 months ago IST
The United Arab Emirates and the Republic of Chile have signed a Comprehensive Economic Partnership Agreement (CEPA) today in Abu Dhabi, paving the way for deeper economic collaboration between the two countries
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