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CUSTOMS DUTY NEWS

Mumbai: DRI busts racket involved in duty evasion of Rs 30 crore in luxury furniture import; 3 arrested

July 22, 2025 11:03 pm

The anti-smuggling agency's investigation revealed that the beneficial owner, a well-known luxury furniture brand, was sourcing luxury furniture from reputed Italian and other European brands

India has imported bourbon whiskey worth $2.5 million in 2023-24. (Credit: pexels.com)

India cuts customs duty on bourbon whiskey to 50%

February 15, 2025 10:43 pm

As per the notification issued by the Department of Revenue, bourbon whiskey would now attract 50 per cent customs duty on its import. Import duty on bourbon whiskey was 150 per cent earlier.

Union Budget 2024-25: Customs duty for mobile phones & chargers slashed to 15 per cent.

Mobile phones, chargers to cost less? What 5% BCD cut in Budget 2024 means for consumers

July 24, 2024 6:25 pm

Presenting the Union Budget 2024-25, Finance Minister Nirmala Sitharaman remarked that the Indian mobile phone industry has matured.

Budget 2024: What gets cheaper, what gets costlier?

July 23, 2024 7:17 pm

Govt proposed to reduce the Customs Duty on mobile phones, mobile PCBA, & mobile chargers to 15%.

Govt waives duty and agri cess on crude soya bean, sunflower oil imports under tariff rate quota till June 30

May 11, 2023 12:57 pm

The finance ministry has exempted imports of crude soya bean and sunflower oil from basic customs duty and agriculture infrastructure and development cess till June 30, subject to certain conditions.

CBIC extends interest waiver on customs duty payable via ECL till April 13

April 12, 2023 11:55 am

The CBIC has extended the interest waiver on customs duty payable by importers and exporters through the Electronic Cash Ledger (ECL) till April 13.

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Govt scraps customs duty on costly drugs for rare diseases

March 31, 2023 1:50 am

In order to avail of this exemption, an individual importer needs to produce a certificate from a central or state director of health services or a district medical officer or civil surgeon, a Finance Ministry release said.

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Textile industry welcomes extension of concessional customs duty on machinaries

March 31, 2023 3:51 am

The concessional customs duty for key textile machinaries were to expire on March 31, 2023 after which 8.25 per cent customs duty were to be charged on these machinaries.

Telcos in crosshairs of DRI & Customs over router imports, notices to over dozen firms

November 10, 2022 8:55 pm

Over a dozen telecom companies have received show cause notices, some as recently as a few weeks ago, from the DRI or the Customs over alleged evasion of Basic Customs Duty (BCD).

Government exempts Covid-19 vaccine from customs duty till Dec 31

September 30, 2021 4:55 pm

In a notification dated September 29, the Central Board of Indirect Taxes and Customs (CBIC) said the exemption would come into force on October 1, 2021, and remain in force up to December 31, 2021.