Custom duty

Custom duty News

India imposes customs duty on 28 US products, to come into effect from Sunday

The move which comes two weeks after Trump administration announced its decision to withdraw India's status from its select trade programme will hurt American exporters.

India postpones retaliatory import tariffs on US goods again

India has put off imposing retaliatory tariffs a number of times since June 2018, when it decided to hit back at a move by the US to place high customs duties on certain steel and aluminium products.

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Shift in policy of two decades in last 2 yrs: Apples to mobiles, sweeping duty hikes cover more than 400 items

Officials that The Indian Express spoke to conceded that there was a considered shift in the tariff responses subsequent to this meeting “in line with new global realities”.

CBEC to port regulators: Need faster customs clearances

Upgrade facilities and increase manpower says customs board.

Manufacturers to pay excise duty on selling price, clarifies CBEC

The clarification comes amid a slew of measures announced by FM Arun Jaitley in his maiden Budget.

Centre may increase duty on man-made diamonds to 10%

As an additional measure to protect the consumers’ interest, the finance ministry is likely to impose 5 per cent duty on rough synthetic diamonds, which are mostly grown in laboratories.

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Interim budget: Chidambaram slashes excise duty for automobiles, leaves taxes unchanged

Small cars, motorcycles, scooters and commercial vehicles will attract a lower excise duty of 8 per cent.

No word on city Metro

The Metro rail plan for the city is likely to get further delayed as it fails to find a financial provision in the Union Budget.

Mundra Port slapped with Rs 174-cr duty evasion notices

The Rajkot Central Customs and Excise Office (CCEO) has slapped Mundra Port,one of the major private ports,with excise duty evasion notices to the tune of Rs 174 crore.

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