Search For "inverted duty structure"
Finance Ministry highlights basic custom duty rates on Interactive Flat Pa
Updated : 3 months, 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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Budget may address customs rate slabs, inverted duty structures: Deloitte
Updated : 4 months, 1 week ago IST
The government is expected to turn its attention to India's customs law and duty structure in the upcoming Union Budget, with possible announcements on rate rationalisation and a broader review of the customs framework, says Deloitte India Partner Saloni Roy.
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Chairman, MATEXIL Welcomes Rectification of Inverted Duty Structure for MM
Updated : 7 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], September 16: The GST Council, at its 56th Meeting held on 3rd September 2025, approved the rationalization of GST rates by moving to a two-slab structure of 5% and 18%, abolishing the existing 12% and 28% rates. These revised rates will come into effect from 22
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'Inverted duty problem solved, GST cut to enhance farmers' productivity':
Updated : 7 months, 3 weeks ago IST
Shrivastava said, "Under GST, the problem of inverted duty is being solved in the fertiliser sector, which will enable and encourage the domestic use of fertiliser."
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Budget 2023: FICCI backs higher duties on imported aluminium products to b
Updated : 3 years, 4 months ago IST
Among its proposals, it has suggested increasing duty on the import of aluminium and aluminium products to at least 12.5 per cent. The industry body, which represents India's leading companies across sectors, indicated that this would help curb dumping of aluminium products within the countr
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Comments of CMAI on proposed change to GST rate structure in Textile Indus
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], September 29 (ANI/PNN): The Clothing Manufacturers Association of India (CMAI), one of the largest and oldest Association representing the interests of the Domestic Garment Industry, expressed its deep sense of disappointment and anguish at the recent announceme
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931 GST fraud cases identified through data analytics
Updated : 6 years, 4 months ago IST
New Delhi [India], Jan 13 (ANI): The Department of Revenue has identified 931 cases of fraudulent Goods and Services Tax (GST) refund claims and tasked the GST Data Analytics Wing to scrutinise all past and pending cases filed across the country for inverted duty structure, sources said o
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