Customs Duty
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Luxury Car Fraud: Hyderabad Dealer Arrested In Rs 100 Crore Scam
The list of imported cars in the fraud includes a Rolls-Royce, Cadillac Escalade, Hummer EV, Lincoln Navigator, and others.
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30 High-End Vehicles, Multi-Crore Scam: Hyderabad Luxury Car Dealer Arrested
Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.
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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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Budget 2024: Centre To Remove Customs Duty On 3 Life-Saving Cancer Medicines
Union Finance Minister Nirmala Sitharaman proposed to completely slash the custom duties on three cancer medicines. Centre has proposed to cut the custom duties on Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 10 per cent to zero.
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Government Should Rationalise Customs Duty In Budget: Indian Chamber Of Commerce
The Indian Chamber of Commerce (ICC) has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing.
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Indian-American Jeweller Charged In Multi-Million Dollar Trade Fraud
An Indian jeweller has been indicted for illegally evading customs duties for millions of dollars of jewellery imports into the US and operating unlicensed money transmitting businesses, a US attorney has said.
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Budget 2023: Extend Camera Lens Duty Concession to Other Electronic Segments ELCINA Says
Electronic components industry body ELCINA on Thursday asked the government to extend the duty concession on camera lenses and their components to all other electronic product segments that use camera modules. The government has also reduced customs duty on parts of open cells of TV panels from 5 percent to 2.5 percent.
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Probe Agency Detects Rs 4,389 Crore Customs Duty Evasion By Oppo India
Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said today.
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India Said to Oppose Moratorium on Customs Duties on E-Commerce Trade at Next WTO Meeting
India is said to oppose the continuation of moratorium on customs duties on e-commerce trade at the next WTO's meeting in Geneva. Waiver on custom duties adversely impacting the developing countries, said an official.
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Budget 2022: Customs Duty Rates Being Calibrated to Strengthen Domestic Manufacturing of Wearables
Finance Minister Nirmala Sitharaman said customs duty rates are being calibrated to provide a graded-rate structure to facilitate domestic manufacturing of products like wearables and electronic smart meters.
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Budget 2022: Customs Duty Concessions Announced to Boost Domestic Manufacturing of Mobiles, Other Electronics
Finance Minister Nirmala Sitharaman in her Union Budget 2022 speech has announced concessions on custom duty levied on mobile phone parts and other electronics to boost domestic manufacturing.
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Harley-Davidson India Says Import Duty Cut Will Not Have Significant Impact
Harley-Davidson India and China Managing Director Peter Mackenzie said that reducing customs duty on fully imported motorcycle will not have any 'significant impact' on Harley-Davidson India's sales.
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Harley-Davidson India Slashes Prices For CBU Motorcycles
Harley-Davidson is the latest manufacturer to slash prices on its Completely Built Unit (CBU) models in the country, after the government reduced the customs duty on fully imported motorcycles recently. The new prices are effective immediately, the bike maker announced on the sidelines of the 2018 Softail Deluxe and the Softail Low Rider launch ear...
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Honda Cars India To Soon Hike Prices Due To Increased Customs Duty
Honda Cars India will soon increase car prices in the country as a result of the increased customs duty, which was recently announced at the Union Budget 2018. The increase in the basic customs duty on auto parts, accessories and CKD components vary from 5 to 10 per cent.
-
Budget 2018: Customs Duty on Mobile Phone Imports Increased to 20 Percent
The Budget 2018 increase in mobile phone imports custom duty to 20 percent is aimed at increasing the local production of phones in India.
-
Luxury Car Fraud: Hyderabad Dealer Arrested In Rs 100 Crore Scam
The list of imported cars in the fraud includes a Rolls-Royce, Cadillac Escalade, Hummer EV, Lincoln Navigator, and others.
-
30 High-End Vehicles, Multi-Crore Scam: Hyderabad Luxury Car Dealer Arrested
Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.
-
Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
Budget 2024: Centre To Remove Customs Duty On 3 Life-Saving Cancer Medicines
Union Finance Minister Nirmala Sitharaman proposed to completely slash the custom duties on three cancer medicines. Centre has proposed to cut the custom duties on Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 10 per cent to zero.
-
Government Should Rationalise Customs Duty In Budget: Indian Chamber Of Commerce
The Indian Chamber of Commerce (ICC) has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing.
-
Indian-American Jeweller Charged In Multi-Million Dollar Trade Fraud
An Indian jeweller has been indicted for illegally evading customs duties for millions of dollars of jewellery imports into the US and operating unlicensed money transmitting businesses, a US attorney has said.
-
Budget 2023: Extend Camera Lens Duty Concession to Other Electronic Segments ELCINA Says
Electronic components industry body ELCINA on Thursday asked the government to extend the duty concession on camera lenses and their components to all other electronic product segments that use camera modules. The government has also reduced customs duty on parts of open cells of TV panels from 5 percent to 2.5 percent.
-
Probe Agency Detects Rs 4,389 Crore Customs Duty Evasion By Oppo India
Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said today.
-
India Said to Oppose Moratorium on Customs Duties on E-Commerce Trade at Next WTO Meeting
India is said to oppose the continuation of moratorium on customs duties on e-commerce trade at the next WTO's meeting in Geneva. Waiver on custom duties adversely impacting the developing countries, said an official.
-
Budget 2022: Customs Duty Rates Being Calibrated to Strengthen Domestic Manufacturing of Wearables
Finance Minister Nirmala Sitharaman said customs duty rates are being calibrated to provide a graded-rate structure to facilitate domestic manufacturing of products like wearables and electronic smart meters.
-
Budget 2022: Customs Duty Concessions Announced to Boost Domestic Manufacturing of Mobiles, Other Electronics
Finance Minister Nirmala Sitharaman in her Union Budget 2022 speech has announced concessions on custom duty levied on mobile phone parts and other electronics to boost domestic manufacturing.
-
Harley-Davidson India Says Import Duty Cut Will Not Have Significant Impact
Harley-Davidson India and China Managing Director Peter Mackenzie said that reducing customs duty on fully imported motorcycle will not have any 'significant impact' on Harley-Davidson India's sales.
-
Harley-Davidson India Slashes Prices For CBU Motorcycles
Harley-Davidson is the latest manufacturer to slash prices on its Completely Built Unit (CBU) models in the country, after the government reduced the customs duty on fully imported motorcycles recently. The new prices are effective immediately, the bike maker announced on the sidelines of the 2018 Softail Deluxe and the Softail Low Rider launch ear...
-
Honda Cars India To Soon Hike Prices Due To Increased Customs Duty
Honda Cars India will soon increase car prices in the country as a result of the increased customs duty, which was recently announced at the Union Budget 2018. The increase in the basic customs duty on auto parts, accessories and CKD components vary from 5 to 10 per cent.
-
Budget 2018: Customs Duty on Mobile Phone Imports Increased to 20 Percent
The Budget 2018 increase in mobile phone imports custom duty to 20 percent is aimed at increasing the local production of phones in India.
