Customs Duty Exemption
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Cancer Drugs To Get Cheaper In N Sitharaman's Big Budget Announcement
Finance Minister Nirmala Sitharaman announced Saturday that 36 lifesaving drugs and medicines, particularly for cancer patients and those suffering from rare diseases, will be fully exempt from basic customs duty(BCD).
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Budget 2025: 36 Life-Saving Drugs Fully Exempted From Basic Customs Duty
Budget 2025: 36 life-saving drugs have been fully exempted from basic customs duty, Union Finance Minister Nirmala Sitharaman announced on Saturday.
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Oppo India Issued Notice for Evading Customs Duties Worth Rs. 4390 Crore, Government Says
Oppo India evaded customs duty worth 4,390 crore, according to an investigation by the Directorate of Revenue Intelligence, according to the government. The Chinese smartphone manufacturer wrongfully used duty exemptions for items imported for use in mobile phone production, according to evidence uncovered by investigators. Oppo also allegedly made...
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Centre Allows Duty-Free Import Of Crude Soyabean, Sunflower Oil
The government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean and sunflower oil, to ease domestic prices.
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DRI Busts Racket Of Importing Luxury Cars In The Name Of Diplomats Evading Duty Worth Rs. 25 Crore
The accused imported luxury cars in the name of diplomats but these would be then sold to private buyers, thereby evading 204 per cent of customs duty on vehicles, which has cost the exchequer about Rs. 25 crore in five years.
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
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Centre Exempts Customs Duty, Cess On Ventilators, Masks, COVID-19 Test Kits
The government on Thursday removed customs duty and health cess on ventilators, face and surgical masks, personal protection equipment and COVID-19 test kits with a view to boost availability of these products in the country to fight coronavirus pandemic.
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Pak Gives 23-Year Tax Exemption To Chinese Firm In Gwadar: Report
Pakistan has granted a 23-year income tax holiday, exemptions of sales tax and customs duties to the Chinese operators of the strategic Gwadar Port and its free zone as the two countries stepped up their efforts to build the China-Pakistan Economic Corridor, according to a media report on Wednesday.
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Union Budget 2019: SIAM Welcomes Government's Cut On Import Duty For Electric Vehicle Components
The Society For Indian Automobile Manufacturers (SIAM) has welcomed the central government's move to lower the import duty on CKD and SKD of electric vehicle components. The notification issued by the government earlier this week stated that the parts and components for electric vehicles imported in the country will be lowered by 10 to 15 per cent....
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Imported Mobile Phones May Cost More, Slapped With 10% Customs Duty
Inputs and raw material for manufacture of parts of specified electronics goods, including mobile phones will continue to be exempt from basic customs duty.
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Reconsider Move To Remove Drugs From Duty Exemption: CPI(M)
CPI(M) today asked the Centre to reconsider its decision to remove over 70 drugs including life-saving ones used for treating cancer and HIV from customs duty exemption list, saying the move will make these more expensive resulting in "severe" hardships for patients.
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Government Reviewing Move To Withdraw Customs Duty Exemption For Drugs
Fearing a rise in prices of life-saving medicines, the government is reviewing its decision to withdraw customs duty exemption for the import of 74 drugs, including those for treating cancer, AIDS and haemophilia.
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'Make In India' Push Fuels Price Rise Fear For 74 Vital Medicines
At least 74 drugs -- including life-saving ones used to treat cancer and HIV and haemophilia -- will see a sharp rise in prices as the government has withdrawn customs duty exemption on their imports in a move, some say, that's meant to boost the Make in India programme.
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Indian Grand Prix organisers deny custom issue
The organisers of the Indian Grand Prix on Wednesday said that they have "in-principal approval" for custom exemption and they are even ready to pay whatever duty is required to hold the October 30 F1 race.
-
Cancer Drugs To Get Cheaper In N Sitharaman's Big Budget Announcement
Finance Minister Nirmala Sitharaman announced Saturday that 36 lifesaving drugs and medicines, particularly for cancer patients and those suffering from rare diseases, will be fully exempt from basic customs duty(BCD).
-
Budget 2025: 36 Life-Saving Drugs Fully Exempted From Basic Customs Duty
Budget 2025: 36 life-saving drugs have been fully exempted from basic customs duty, Union Finance Minister Nirmala Sitharaman announced on Saturday.
-
Oppo India Issued Notice for Evading Customs Duties Worth Rs. 4390 Crore, Government Says
Oppo India evaded customs duty worth 4,390 crore, according to an investigation by the Directorate of Revenue Intelligence, according to the government. The Chinese smartphone manufacturer wrongfully used duty exemptions for items imported for use in mobile phone production, according to evidence uncovered by investigators. Oppo also allegedly made...
-
Centre Allows Duty-Free Import Of Crude Soyabean, Sunflower Oil
The government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean and sunflower oil, to ease domestic prices.
-
DRI Busts Racket Of Importing Luxury Cars In The Name Of Diplomats Evading Duty Worth Rs. 25 Crore
The accused imported luxury cars in the name of diplomats but these would be then sold to private buyers, thereby evading 204 per cent of customs duty on vehicles, which has cost the exchequer about Rs. 25 crore in five years.
-
Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
-
Centre Exempts Customs Duty, Cess On Ventilators, Masks, COVID-19 Test Kits
The government on Thursday removed customs duty and health cess on ventilators, face and surgical masks, personal protection equipment and COVID-19 test kits with a view to boost availability of these products in the country to fight coronavirus pandemic.
-
Pak Gives 23-Year Tax Exemption To Chinese Firm In Gwadar: Report
Pakistan has granted a 23-year income tax holiday, exemptions of sales tax and customs duties to the Chinese operators of the strategic Gwadar Port and its free zone as the two countries stepped up their efforts to build the China-Pakistan Economic Corridor, according to a media report on Wednesday.
-
Union Budget 2019: SIAM Welcomes Government's Cut On Import Duty For Electric Vehicle Components
The Society For Indian Automobile Manufacturers (SIAM) has welcomed the central government's move to lower the import duty on CKD and SKD of electric vehicle components. The notification issued by the government earlier this week stated that the parts and components for electric vehicles imported in the country will be lowered by 10 to 15 per cent....
-
Imported Mobile Phones May Cost More, Slapped With 10% Customs Duty
Inputs and raw material for manufacture of parts of specified electronics goods, including mobile phones will continue to be exempt from basic customs duty.
-
Reconsider Move To Remove Drugs From Duty Exemption: CPI(M)
CPI(M) today asked the Centre to reconsider its decision to remove over 70 drugs including life-saving ones used for treating cancer and HIV from customs duty exemption list, saying the move will make these more expensive resulting in "severe" hardships for patients.
-
Government Reviewing Move To Withdraw Customs Duty Exemption For Drugs
Fearing a rise in prices of life-saving medicines, the government is reviewing its decision to withdraw customs duty exemption for the import of 74 drugs, including those for treating cancer, AIDS and haemophilia.
-
'Make In India' Push Fuels Price Rise Fear For 74 Vital Medicines
At least 74 drugs -- including life-saving ones used to treat cancer and HIV and haemophilia -- will see a sharp rise in prices as the government has withdrawn customs duty exemption on their imports in a move, some say, that's meant to boost the Make in India programme.
-
Indian Grand Prix organisers deny custom issue
The organisers of the Indian Grand Prix on Wednesday said that they have "in-principal approval" for custom exemption and they are even ready to pay whatever duty is required to hold the October 30 F1 race.
