Search For "customs duty"
Deferred customs duty payment introduced for Eligible Manufacturer Importe
Updated : 1 week, 6 days ago IST
As announced in the Union Budget for 2026-27, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a new facilitation measure for trusted manufacturers by enabling the facility of deferred payment of Customs duty to a new category of importers called Eligible Manufacturer Im
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Customs duty cut on aircraft parts announced in Budget 2026 to reduce cost
Updated : 4 weeks, 1 day ago IST
Boeing welcomed the government's decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector. This move is expected to reduce manufacturing costs by 5-7% and support local players
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Customs duty reforms aim to boost industry, exports and ease of living: CB
Updated : 1 month, 1 week ago IST
Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Chaturvedi highlighted that the customs duty reforms introduced in the Union Budget 2026-27 are designed to catalyse domestic manufacturing, boost exports, and improve the ease of living for citizens.
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Shyam Sunder Jindal welcomes Budget 2026 push for domestic battery and sol
Updated : 1 month, 1 week ago IST
New Delhi [India], February 3: Shyam Sunder Jindal, Promoter of BC Jindal Group, has applauded the Union Budget 2026 for its strong focus on boosting domestic manufacturing for India's clean energy ambitions.
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US tariffs have "no influence" on customs duty overhaul announced in Budge
Updated : 1 month, 1 week 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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Nirmala Sitharaman neglected education, minority affairs and Tamil Nadu in
Updated : 1 month, 1 week ago IST
Congress MP Manickam Tagore said Union Finance Minister has "neglected" education, minority affairs, and research and social spending and Tamil Nadu in the 2026 union budget.
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"Does this smell like concession without agreement?: Manish Tewari flags U
Updated : 1 month, 1 week ago IST
Congress MP Manish Tewari on Monday questioned whether the Union Budget 2026-27 amounts to a concession to the United States without a formal agreement, pointing out that customs duty cuts appear to benefit certain sectors.
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Budget 2026: Customs duty rationalised on key items with focus on domestic
Updated : 1 month, 1 week ago IST
Presenting the Budget, Finance Minister Nirmala Sitharaman announced a set of indirect tax measures in the Union Budget 2026-27, aimed at further simplifying the tariff structure, supporting domestic manufacturing, promoting export competitiveness, and correcting inversion in duty.
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Counter to US tariffs: Centre reduces tariff rate on goods imported for pe
Updated : 1 month, 1 week ago IST
In response to the US tariffs on imports of Indian goods, Union Finance Minister Nirmala Sitharaman on Sunday proposed reducing the tariff rate on all dutiable goods imported for personal use from 20 per cent to 10 per cent.
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Parliamentary Affairs Minister Kiren Rijiju calls an all-party meeting at
Updated : 1 month, 2 weeks ago IST
Parliamentary Affairs Minister Kiren Rijiju has called an all-party meeting at 11 am on January 27 to discuss key national issues and legislative business ahead of the Budget Session, according to sources.
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FIEO clarifies limited impact of EU GSP notification on Indian exports
Updated : 1 month, 2 weeks ago IST
The Federation of Indian Export Organisations (FIEO) clarifies the recent reports concerning the European Union's notification that extends the withdrawal of Generalised System of Preferences (GSP) benefits for specific Indian product categories. This clarification addresses concerns regardi
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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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