Customs Duty Hike
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Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
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Shares Of Tata Steel, JSW Steel Nosedive On Bourses
Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel
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Export Duty On Iron Ore Hiked Up To 50% To Increase Domestic Availability
To facilitate greater domestic availability, the duty on exports of iron ore has been hiked by up to 50 per cent by the Government
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Budget 2022: Aluminum Association Seeks Customs Duty Hike On Scrap To 10%
Aluminium Association of India has sought an increase of customs duty on aluminium scrap to 10 per cent
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Consumer Electronics Makers Seek Customs Duty Hike On Finished Products
The domestic appliances and consumer electronics industry expects an increase in customs duty on finished goods to discourage imports
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TVs Are Getting More Expensive in India and This Is the Reason Why
TV prices in India have increased by over 10 percent on an average across all popular segments and by companies including Xiaomi, OnePlus, Realme, Vu, Samsung, and LG. But what’s the reason behind the price hike? Experts and industry players explain.
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Will The Hyundai Kona, MG ZS EV Receive A Price Hike After April 2020?
The Government has increased the basic custom duties on electric vehicles which come to India via the CBU, SKD and CKD route.
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Government Likely To Raise Import Duties On More Than 50 Items: Report
Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items.
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More than 300 Items May See Customs Duty Hike In Budget
The Commerce and Industry Ministry in its budget recommendations has proposed rationalisation of basic customs on over 300 items across sectors.
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More Than 300 Items May See Customs Duty Hike In Budget
On footwear and related products, the Ministry has suggested an increase in duty to 35 per cent from the current 25 per cent while for new pneumatic tyres of rubber, it has proposed to hike customs duty to 40 per cent from the current 10-15 per cent. The ministry has proposed to increase import duty on wooden furniture to 30 per cent from the cu...
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Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.
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Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike
The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
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Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
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India Imposes Higher Customs Duty On 28 US Products
India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
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Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack
A day after withdrawing the 'Most Favoured Nation' (MFN) status granted to Pakistan in the wake ofthe Pulwama terror attack, India on Saturday hiked the basic customs duty on all goods imported from the neighbouring country to 200%.
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Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
-
Shares Of Tata Steel, JSW Steel Nosedive On Bourses
Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel
-
Export Duty On Iron Ore Hiked Up To 50% To Increase Domestic Availability
To facilitate greater domestic availability, the duty on exports of iron ore has been hiked by up to 50 per cent by the Government
-
Budget 2022: Aluminum Association Seeks Customs Duty Hike On Scrap To 10%
Aluminium Association of India has sought an increase of customs duty on aluminium scrap to 10 per cent
-
Consumer Electronics Makers Seek Customs Duty Hike On Finished Products
The domestic appliances and consumer electronics industry expects an increase in customs duty on finished goods to discourage imports
-
TVs Are Getting More Expensive in India and This Is the Reason Why
TV prices in India have increased by over 10 percent on an average across all popular segments and by companies including Xiaomi, OnePlus, Realme, Vu, Samsung, and LG. But what’s the reason behind the price hike? Experts and industry players explain.
-
Will The Hyundai Kona, MG ZS EV Receive A Price Hike After April 2020?
The Government has increased the basic custom duties on electric vehicles which come to India via the CBU, SKD and CKD route.
-
Government Likely To Raise Import Duties On More Than 50 Items: Report
Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items.
-
More than 300 Items May See Customs Duty Hike In Budget
The Commerce and Industry Ministry in its budget recommendations has proposed rationalisation of basic customs on over 300 items across sectors.
-
More Than 300 Items May See Customs Duty Hike In Budget
On footwear and related products, the Ministry has suggested an increase in duty to 35 per cent from the current 25 per cent while for new pneumatic tyres of rubber, it has proposed to hike customs duty to 40 per cent from the current 10-15 per cent. The ministry has proposed to increase import duty on wooden furniture to 30 per cent from the cu...
-
Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body
In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.
-
Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike
The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
-
Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
-
India Imposes Higher Customs Duty On 28 US Products
India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
-
Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack
A day after withdrawing the 'Most Favoured Nation' (MFN) status granted to Pakistan in the wake ofthe Pulwama terror attack, India on Saturday hiked the basic customs duty on all goods imported from the neighbouring country to 200%.
