Browsing Tag
customs duty
Centre clarifies custom duties on mobile phone components: What you need to know |…
CBIC has said that there will be a 15% basic customs duty (BCD) on the import of mobile phone display assemblies, if the product they are used in comes with other components like speakers,…
DRI detects Customs duty ‘evasion’ of ₹4,389 crore by Oppo India
The DRI’s earlier searches yielded ‘incriminating’ evidence indicating alleged wilful mis-declaration in the description of certain items imported by Oppo India for use in the manufacture…
India may go for more duty cuts against runaway inflation
The government is considering some more short- to medium-term measures that can dampen inflation further after cutting excise duty last week to bring down prices of petrol and diesel, said…
India-UAE free trade pact comes into force
The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE came into effect on Sunday, allowing most of the country’s exports a duty-free access to the Emirates.
The…
India-Australia deal seeks to double bilateral trade in 5 years
Significant economic pact for New Delhi amid Canberra’s tensions with Beijing
Significant economic pact for New Delhi amid Canberra’s tensions with Beijing
India and Australia signed an…
India cuts tax on crude palm oil imports to help consumers, refiner
India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the…
Budget 2022: Customs duty to be calibrated; phones, smart bands, TWS may become cheap
The Union Budget 2022 presented today mentioned a cut in the customs duty on the parts which are being used in the manufacturing of a smartphone and its related ecosystem.…
FICCI seeks zero customs duty on ferronickel; higher import levy on stainless steel…
Ahead of the Union Budget, industry body FICCI has requested the government to reduce the basic customs duty (BCD) on ferronickel to zero and levy a higher duty of 12.5 per cent on the…