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customs duty

customs duty

India's wheat output is expected to scale a record high this year. (Photo: PTI)

Govt hikes customs duty on wheat to 40 pc to curb imports, protect industry

The government wants to restrict overseas purchase so that domestic prices of wheat do not come under pressure.

28 Apr 2019 3:16 PM

The notification is part of the road map under the phased manufacturing programme. (Representational Image)

Govt notifies phased import duty hike on electric PV parts, lithium-ion cells

Basic import duty on battery packs used in manufacturing EV will also be increased to 15 pc from the current 5 pc from April 2021.

12 Mar 2019 8:57 AM

Family members of slain CRPF jawan Sanjay Kumar Singh pay their last respects before his funeral procession, at Masaurhi, in Patna on Saturday. (PTI)

Pulwama terror attack: India hikes import duty on Pakistan goods to 200 per cent

India readies dossier to get Pakistan blacklisted for terror links.

17 Feb 2019 12:23 AM

According to a notification by the finance ministry, the implementation of the duty hike has been postponed until January 31, 2019.

India again defers duty hike on US products till January 31

India is pressing for exemption from high duty imposed by the US on certain steel and aluminium products.

18 Dec 2018 2:40 PM

Reliance Industries Chairman Mukesh Ambani on Thursday said that Reliance is India's largest payer of Goods and Services Tax (GST), Excise and Customs Duty, and Income Tax in the private sector. (Photo: PTI)

Reliance Industries becomes India's largest tax payer in private sector

RIL's consolidated net profit for the fourth-quarter of fiscal 2017-18 stood at Rs 9,435 crore.

05 Jul 2018 3:47 PM

An arrest warrant has been issued against absconding diamantaire Nirav Modi in connection with the case of evasion of Customs duty, registered by the Directorate of Revenue Intelligence (DRI).

Arrest warrant issued against Nirav Modi in customs evasion case

The warrant was issued under Section 70 of the Code of Criminal Procedure Act, 1973.

25 Jun 2018 11:24 AM

Representational image

India for customs duty hike on 30 US items

Raise in tariffs by New Delhi will hit US by $241 million.

17 Jun 2018 1:05 AM

Customs duty on motorcycles with engine capacity over 800 cc will be raised up to 50 per cent, almonds 20 per cent, walnuts 20 per cent and apples 25 per cent.

India proposes retaliatory tariffs on 30 products from United States

India expects around USD 238.09 million of duty to be collected through the measure imposed on the US.

16 Jun 2018 3:05 PM

The world's biggest beer maker Anheuser Bush (AB InBev) is hopeful of returning to normal growth in India this year, its India President Ben Verhaert said.

World's biggest beer maker AB InBev expects 'normal' growth in India

Though India offers great opportunity to expand the market, higher customs duty has been a bane.

10 Jun 2018 12:35 PM

Government's third advance estimate has pegged wheat output at a record 98.61 million tonnes for the 2017-18 crop year. (Photo: Pexels)

Govt hikes customs duty on wheat to 30 pc to curb cheaper imports

The country imported 1.48 million tonnes of wheat during 2017-18 fiscal, as per the industry data.

24 May 2018 12:03 PM

Luxury car maker Audi is expecting flat growth in the current calendar.

Audi India expects flat growth in 2018

Audi India slipped to the third position in terms of market share after gaining the number one spot in 2015.

20 Apr 2018 5:15 PM

Increase in custom duty and introduction of social welfare surcharge in lieu of an education cess in the Union Budget made the increase in price inevitable.

Audi to hike car prices by up to Rs 9 lakh from April

Price across the entire model range will be increased by up to 4 per cent owing to the hike in the customs duty.

16 Mar 2018 1:35 PM

Customs duty on some other items like electric filament and discharge lamps was also tweaked. (Representational Image)

Govt raises customs duty on some electronic items including TV

Customs duty on television set has been increased to 15 per cent from the existing 10 per cent.

15 Dec 2017 12:32 PM

IGST paid can be taken as input tax credit by the banks.

Banks to pay 3 per cent IGST on gold imports but can seek ITC: CBEC

GST is payable at the rate of 3 per cent of the total transaction value of jewellery.

21 Aug 2017 4:13 PM

At present, there is a 10 per cent import duty on gold. (Photo: PTI)

Gold imports from South Korea to touch 25 tonnes in July-Aug post-GST

The 10 per cent import duty on gold does not apply to countries that have signed FTA with India.

14 Aug 2017 4:15 PM

Parliament on Wednesday adopted a statutory resolution on increase in basic customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges. (Representational Image)

Imported phones to cost more as govt hikes basic customs duty

The resolution was moved in the Rajya Sabha by finance minister Arun Jaitley on Wednesday.

09 Aug 2017 8:41 PM

The Lok Sabha on Tuesday adopted a statutory resolution on increase in basic Customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges.

Imported cellphones to cost more as Centre hikes basic Customs duty

The Lok Sabha adopted a statutory resolution to hike basic Customs duty on import of phones, printers and ink cartridges.

08 Aug 2017 7:43 PM

Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal with 13 lakh fresh registrations.

Customs, IGST collection nearly doubles to Rs 30,000 cr in July

July collections compare to indirect tax collection of over Rs 16,000 crore of the same month of 2016.

04 Aug 2017 7:04 PM

The duty differential earlier was about 11.5 per cent in favour of local manufacturing. phone manufacturing, customs duty, mobile phones. (Photo: Representational Image)

Local phone manufacturing to get a boost with 10 per cent customs duty

Under GST, telecom services are being taxed at 18 per cent compared to 15 per cent, earlier.

01 Jul 2017 6:49 PM

Representational Image.

Govt levies 10 per cent customs duty on imported cellphones

The 10 per cent basic customs duty on imported phones and parts was levied to boost domestic manufacturing.

01 Jul 2017 9:34 AM

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Nation Gallery

Indian Prime Minister Narendra Modi displays the victory symbol upon arrival at the party headquarters in New Delhi, India, Thursday, May 23, 2019. (AP)

NaMo, NaMo: Modi set for second term

From right, Congress Party President Rahul Gandhi, his sister and party general secretary Priyanka Gandhi Vadra, former Vice President Hamid Ansari, former Indian president Pranab Mulherjee , former Indian prime minister Manmohan Singh and United Progressive alliance chairperson Sonia Gandhi at a function to pay homage to former Indian prime minister Rajiv Gandhi on his death anniversary in New Delhi. (Photo: AP)

Rajiv Gandhi death anniversary: Tributes

Some people even sleep near bore well to get an early access of water as water tanker comes in the morning.

Every drop counts: Maharashtrians in Shahapur Taluka struggle for water

Dark clouds from a passing thunder storm is seen over the skyline. (Photo:AP)

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Indian Prime Minister Narendra Modi greets the crowd during a road show in Varanasi, India. (Photo:AP)

Narendra Modi launches 2019 Lok Sabha poll campaign

Congress party General Secretary Priyanka Gandhi Vadra, greets party supporters during a roadshow in Ghaziabad, India, Friday, April 5, 2019. (Photo: AP)

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