customs duty

In a major setback for Electric Vehicle maker Tesla, the Indian finance ministry on Thursday said it is not considering any custom duty waiver for the Elon Musk-owned company. "Any duty waiver for Tesla is not under active consideration of…

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government sources…

Image for representational purpose only. | Photo Credit: MUSTAFAH K.K. India's gold imports, which have a bearing on the current account deficit, fell about 30% to $31.8 billion during April-February 2023 due to high customs duty and…

The acceptance of bank confirmations for payment of duty would help clearance of urgent imports and address commercial concerns on delays. (Representative image)In respect of bills of entry for which the import duty payment has already…

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The central government has made amendments to the Customs rules and allowed exporters to use RoDTEP and RoSCTL scrips to pay Customs duty or transfer or sell them to other importers. The amendment will safeguard the transferee who purchased…

The reduction in the duty may bring down domestic prices and help consumers and domestic refiners cushion the blow from surging food costs. The Centre has exempted customs duty and agriculture cess on yearly import of 20 lakh metric tonnes…

Image Source : PTI/REPRESENTATIVE Prolonged high temperatures could worsen inflation, hurt growth: Moody's Prolonged high temperatures are credit negative for India, as that could exacerbate inflation and hurt growth, Moody's…

The government has waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry, a move which will lower the cost for the domestic industry and reduce the prices. Also, to…