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Import duty

WTO accepts India, Taipei's request to defer ICT import duty dispute ruling until April 2025

The dispute body had earlier agreed to five previous such requests from India and Chinese Taipei to delay consideration of the reports.
28 October 2024, 17:05 IST
WTO accepts India, Taipei's request to defer ICT import duty dispute ruling until April 2025
WTO accepts India, Taipei's request to defer ICT import duty dispute ruling until April 2025

WTO accepts India, Taipei's request to defer ICT import duty dispute ruling until April 2025

28 October 2024, 17:05 IST

Rise in gold purchase anticipated after cut in gold import duties

In the report Band, Baaja, Baaraat & Markets, it was pointed out that the Indian stock market frequently sees a boost during the festive and wedding seasons, largely driven by heightened consumer spending.
19 September 2024, 03:29 IST
Rise in gold purchase anticipated after cut in gold import duties
Rise in gold purchase anticipated after cut in gold import duties

Rise in gold purchase anticipated after cut in gold import duties

19 September 2024, 03:29 IST

Import duty on edible oils will help farmers: Union minister Chouhan

The government also decided to decrease the export duty on onion from 40 per cent to 20 per cent and abolished 9.5 per cent export duty on Basmati rice in the interest of the farmers, he added.
17 September 2024, 20:04 IST
Import duty on edible oils will help farmers: Union minister Chouhan
Import duty on edible oils will help farmers: Union minister Chouhan

Import duty on edible oils will help farmers: Union minister Chouhan

17 September 2024, 20:04 IST

Govt cuts drawback rates on exports of gold, silver jewellery

"Duty drawback on gold and silver jewellery was reduced as the duty on gold and silver lowered in the budget," Federation of Indian Export Organisations Director General Ajay Sahai said.
24 August 2024, 13:56 IST
Govt cuts drawback rates on exports of gold, silver jewellery
Govt cuts drawback rates on exports of gold, silver jewellery

Govt cuts drawback rates on exports of gold, silver jewellery

24 August 2024, 13:56 IST

WTO accepts India, Taipei's request to delay adoption of ICT import duty dispute ruling till October

India has stated that these ICT products are part of WTO's Information Technology Products (ITA-2) agreement, and New Delhi is not a part of this pact.
28 July 2024, 10:38 IST
WTO accepts India, Taipei's request to delay adoption of ICT import duty dispute ruling till October
WTO accepts India, Taipei's request to delay adoption of ICT import duty dispute ruling till October

WTO accepts India, Taipei's request to delay adoption of ICT import duty dispute ruling till October

28 July 2024, 10:38 IST

Congress questions logic of overall taxes on gold being effectively halved

The opposition party's remarks came after Kotak Mahindra AMC Managing Director and CEO Nilesh Shah reportedly urged Union Finance Minister Nirmala Sitharaman to keep a watchful eye on any surge in India's gold import bill in the wake of the customs duty cut.
27 July 2024, 10:42 IST
Congress questions logic of overall taxes on gold being effectively halved
Congress questions logic of overall taxes on gold being effectively halved

Congress questions logic of overall taxes on gold being effectively halved

27 July 2024, 10:42 IST

Apple slashes iPhone price by up to Rs 6,000 after govt proposes import duty cut

The Made-in-India iPhones, including 13, 14 and 15, have also seen a decrease in prices by Rs 300, while iPhone SE will be cheaper by Rs 2,300.
26 July 2024, 17:26 IST
Apple slashes iPhone price by up to Rs 6,000 after govt proposes import duty cut
Apple slashes iPhone price by up to Rs 6,000 after govt proposes import duty cut

Apple slashes iPhone price by up to Rs 6,000 after govt proposes import duty cut

26 July 2024, 17:26 IST

Govt slashes import duty on mobile phones, chargers, some components

Finance Minister Nirmala Sitharaman said with a three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the last six years, the Indian mobile phone industry has matured.
23 July 2024, 09:08 IST
Union Budget 2024 | Govt slashes import duty on mobile phones, chargers, some components
Union Budget 2024 | Govt slashes import duty on mobile phones, chargers, some components

Govt slashes import duty on mobile phones, chargers, some components

23 July 2024, 09:08 IST

CBIC clarifies on display assembly of mobile phones for levy of 10% import duty

A CBIC circular said that certain cases of misdeclaration by importers were intercepted by the Directorate of Revenue Intelligence and other field formations and demand notices were issued in certain cases as well.
08 June 2024, 10:04 IST
CBIC clarifies on display assembly of mobile phones for levy of 10% import duty
CBIC clarifies on display assembly of mobile phones for levy of 10% import duty

CBIC clarifies on display assembly of mobile phones for levy of 10% import duty

08 June 2024, 10:04 IST

Modi govt decreased import duty on apples from 75 to 50%: Congress

Himachal Pradesh Congress Committee vice-president Naresh Chauhan alleged that Union Minister Meenakshi Lekhi made misleading statements regarding import duty on apples.
06 May 2024, 13:28 IST
Modi govt decreased import duty on apples from 75 to 50%: Congress
Modi govt decreased import duty on apples from 75 to 50%: Congress

Modi govt decreased import duty on apples from 75 to 50%: Congress

06 May 2024, 13:28 IST