Import Duty Cut
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India's New EV Policy Cuts Import Duties For Global Automakers
With the new import duties reduced from 110 percent to 15 percent, the SPMEPCI policy aims to attract automakers to the Indian market.
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Government Ends Import Duty for Items Needed to Make EV Batteries, Phones
India has said that there would be no import duties on some goods used to manufacture electric vehicle batteries and mobile phones. India has been preparing to mitigate the impact of US President Donald Trump's reciprocal tariffs set to take effect from April 2.
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India, US To Increase Market Access, Cut Tariff, Non-Tariff Barriers: Centre
India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday.
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India Says "No Commitments" To Tariff Cuts After Trump's Tax Cut Claim
India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down".
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Govt Cuts Import Duties On High Capacity Bikes; Harley Davidson Bikes To Get Cheaper?
The reduction in import duties on high-capacity motorcycles is expected to benefit brands like Harley Davidson in the Indian market.
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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
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India May Cut Duties On Some Goods From US, Day After Trump's Tariffs Jab
India may cut customs duties on a few high-end goods - such as a special kind of steel, expensive motorcycles, and electronic items - imported from the United States, sources told NDTV Wednesday.
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iPhone 15, iPhone 14 and Other Models in India Get Price Cuts of Up to Rs. 5,900 as Import Duty Reduces
Apple has reduced the price of iPhone 15, iPhone 14 and other models in India following a reduction in the import duties. Consequently, the prices of some of Apple’s most popular models have seen a price drop from as little as Rs. 300 to as high as Rs. 5,900. The official Apple India website now reflects the revised prices.
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Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
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Vietnam's VinFast Seeks EV Import Duty Cut as Plant Construction Starts in India
Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday.
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
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Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
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Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
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Tesla CEO Elon Musk Says 'Working Through Challenges' With India Government When Asked About Launch
Tesla is "still working through a lot of challenges with the government" in India, CEO Elon Musk tweeted, responding to a question on when it would launch its electric cars in the country.
-
India's New EV Policy Cuts Import Duties For Global Automakers
With the new import duties reduced from 110 percent to 15 percent, the SPMEPCI policy aims to attract automakers to the Indian market.
-
Government Ends Import Duty for Items Needed to Make EV Batteries, Phones
India has said that there would be no import duties on some goods used to manufacture electric vehicle batteries and mobile phones. India has been preparing to mitigate the impact of US President Donald Trump's reciprocal tariffs set to take effect from April 2.
-
India, US To Increase Market Access, Cut Tariff, Non-Tariff Barriers: Centre
India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday.
-
India Says "No Commitments" To Tariff Cuts After Trump's Tax Cut Claim
India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down".
-
Govt Cuts Import Duties On High Capacity Bikes; Harley Davidson Bikes To Get Cheaper?
The reduction in import duties on high-capacity motorcycles is expected to benefit brands like Harley Davidson in the Indian market.
-
Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
-
India May Cut Duties On Some Goods From US, Day After Trump's Tariffs Jab
India may cut customs duties on a few high-end goods - such as a special kind of steel, expensive motorcycles, and electronic items - imported from the United States, sources told NDTV Wednesday.
-
iPhone 15, iPhone 14 and Other Models in India Get Price Cuts of Up to Rs. 5,900 as Import Duty Reduces
Apple has reduced the price of iPhone 15, iPhone 14 and other models in India following a reduction in the import duties. Consequently, the prices of some of Apple’s most popular models have seen a price drop from as little as Rs. 300 to as high as Rs. 5,900. The official Apple India website now reflects the revised prices.
-
Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
-
Vietnam's VinFast Seeks EV Import Duty Cut as Plant Construction Starts in India
Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday.
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
-
Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
-
Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
-
Tesla CEO Elon Musk Says 'Working Through Challenges' With India Government When Asked About Launch
Tesla is "still working through a lot of challenges with the government" in India, CEO Elon Musk tweeted, responding to a question on when it would launch its electric cars in the country.
