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customs duty News
Customs duty hike: Cement, fruit shipments from Pakistan among 10 most hit imports after Pulwama terror attack
Mon, Feb 18, 2019
Pulwama terror attack: Hike in the duty would drastically increase the prices of Pakistani goods in Indian markets which would make them far less competitive as compared to other imported goods.
Pulwama terror attack: India hikes customs duty to 200% on all goods imported from Pakistan
Sat, Feb 16, 2019
Increasing duties would significantly hit Pakistan's exports to India, which stood at USD 488.5 million (around Rs 3,482.3 crore) in 2017-18.
Harley-Davidson issue: Trump says 'getting nothing' after India reduces tariffs on motorcycles
Tue, Feb 27, 2018
President Donald Trump has once again raked up the issue of high import duty on Harley-Davidson motorcycles by India, saying the US was "getting nothing" with the New Delhi's recent announcement that it had slashed customs duty on imported motorcycles from high-end brands to 50 per cent.
This budget will be Modi government's biggest challenge in 4 years
Tue, Jan 16, 2018
The tinkering of indirect taxes, which was an aspect of the budget that affected everyone in all corners of the country, is not within the Centre`s domain anymore.
GST mop-up,compliance unlikely to improve near-term: Report
Tue, Nov 28, 2017
"Both collection as well as compliance of GST remains low, with the compliance being at around 50 per cent and is unlikely to increase significantly till the complete framework including returns matching, e-way bill, and reverse charges, are implemented fully," it noted.
10% customs duty on mobiles, hike on more items likely
Sat, Jul 01, 2017
In a bid to protect local manufacturers, the government has imposed a 10% basic customs duty (BCD) on cellular mobile phones and specified parts of cell phones like charger, battery, wire headset, microphone and receiver, key pad and USB cable from Saturday, an official statement said here.
Govt imposed 10% custom duty on wheat
Tue, Mar 28, 2017
Govt imposed 10% custom duty on wheat. Watch this special segment and get to know more here.
Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%
Fri, Mar 10, 2017
The Government of India's net refunds of direct tax collection from April to February 2016-17 has risen 10.7% to Rs 6.17 lakh crore as compared to same period last year.
Here are 20 key Budget 2017 terms that you need to know
Wed, Feb 01, 2017
Here are 20 key Budget 2017 Glossary terms that you need to know before you watch FM Arun Jaitley's Union Budget speech on Wednesday.
Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
Products across 6 manufacturing sectors face inverted customs duty: Ficci
Tue, Aug 30, 2016
Products across six manufacturing sectors such as capital goods, cement, electronics and electricals, among others face inverted customs duty structure that erodes their competitiveness against lower-duty finished product imports and discourages domestic value addition, said Ficci in its latest r
Indirect tax collections registers 30% growth upto July 2016
Tue, Aug 09, 2016
During the month of July the total indirect tax collections had increased by 23.4% as it stood at Rs 68,341 crore in July 2016 from Rs 55,388 crore in the same month a year back.
Govt to extend incentives to boost India's exports, says Nirmala Sitharaman
Fri, Jun 17, 2016
"So it is a time when the help will have to be extended whether in the form of interest subvention or in the form of any kind of incentives for exports. We have been looking at sectorally," Sitharaman told reporters.
Govt imposes 20% export duty on sugar to boost domestic supply
Fri, Jun 17, 2016
The move comes at a time when prices have surged sharply in various commodities including tomato, wheat and pulses.