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Saturday, August 13, 2022

customs duty


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.

Indirect tax revenue up 12% at Rs 10.71 lakh crore in FY21, exceeds Revised Estimates

April 13, 2021 2:06 pm

The mop-up through indirect taxes, which include GST, Customs and excise duties, was Rs 9.54 lakh crore in 2019-20. In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore.

From Oct 1, 5% duty on import of key part for making TVs

September 21, 2020 5:15 am

While the industry has estimated price escalation by Rs 600-Rs 1,200 per unit depending on the size, sources in the government have said that the impact wouldn’t be more than Rs 200 for a TV set.

Industry bodies likely to meet Sitharaman to request rollback of gold import duty hike

July 05, 2019 8:02 pm

Meanwhile, as a result of the hike in customs duty, gold prices in the national capital escalated by Rs 590 to Rs 34,800 per 10 gram. 

India mulls customs duty hike on 30 US products; proposes $241 mn retaliatory tariff hike

June 16, 2018 12:48 am

India has now submitted a revised list of 30 items -- including motor cycle, certain iron and steel goods, boric acid and lentils -- to the WTO on which it proposes to raise customs duty by up to 50 per cent.

Customs duty on mobile phones, TV sets increased

December 15, 2017 2:43 pm

The duty on monitors and projectors has also been doubled to 20 per cent, said the notification issued by Department of Revenue of the ministry.

April-July indirect tax collection up 37.6%

August 12, 2015 2:31 am

Service tax was hiked to 14 per cent from 12.36 per cent effective June this year while the excise duty was increased marginally to 12.5 per cent from 12.36 per cent in the Budget.

Rising tax mop-up, reforms may lead to higher GDP: Arun Jaitley

July 13, 2015 1:51 am

Jaitley said a large chunk of investment needs to be channelised into rural infrastructure development, with special emphasis on irrigation.

Customs, excise mop-up rises on better factory output, imports

July 23, 2014 3:08 am

The government has budgeted Rs 6,24,902 crore from indirect taxes this year.