Import Duty
-
{
- All
- News
- Videos
-
India-UK FTA To Allow Lower Import Duty On 3.78 Lakh UK Cars Over 15 Years
Under India-UK FTA tariffs will fall from 110 per cent to 10 per cent on UK Cars, while India gets duty-free EV/hybrid exports to UK from year 6.
-
Gold Import Duty Raised To 15%: Why The Hike Triggers Smuggling Concerns
Airports accounted for 43.7 per cent of gold smuggling cases in FY25, while more than 55 per cent of smuggling was routed through land borders.
-
Explained: Why India Raised Gold Import Duty, And What It Means For You
India's forex reserves have slipped amid the Iran war. By raising gold import duty, India is taking pre-emptive steps to save its forex reserves.
-
Centre Raises Gold, Silver Import Tariffs To 15% Amid PM's Forex Warning
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.
-
Centre Makes Raw Cotton Import Duty-Free Till September 30 To Support Textile Sector
The Centre has temporarily scrapped the 11% duty on raw cotton imports until September 30, seeking to cool prices and ease cost pressures on the textile industry at a time when exporters face mounting tariff barriers abroad.
-
Amid US Tariffs, India Suspends Cotton Import Duties Temporarily To Aid Textile Sector
India has exempted import duties on cotton from August 19 to September 30, fulfilling the demand of industry groups who said exemptions would help make the sector more competitive.
-
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.
-
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.
-
Budget May Increase Import Duties To Check Rupee Decline: EY Chief Policy Adviser
The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava.
-
Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
-
In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
-
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.
-
Ahead Of PM Modi-Joe Biden Meet, India Removes Additional Duties On US Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products.
-
Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
-
India-UK FTA To Allow Lower Import Duty On 3.78 Lakh UK Cars Over 15 Years
Under India-UK FTA tariffs will fall from 110 per cent to 10 per cent on UK Cars, while India gets duty-free EV/hybrid exports to UK from year 6.
-
Gold Import Duty Raised To 15%: Why The Hike Triggers Smuggling Concerns
Airports accounted for 43.7 per cent of gold smuggling cases in FY25, while more than 55 per cent of smuggling was routed through land borders.
-
Explained: Why India Raised Gold Import Duty, And What It Means For You
India's forex reserves have slipped amid the Iran war. By raising gold import duty, India is taking pre-emptive steps to save its forex reserves.
-
Centre Raises Gold, Silver Import Tariffs To 15% Amid PM's Forex Warning
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.
-
Centre Makes Raw Cotton Import Duty-Free Till September 30 To Support Textile Sector
The Centre has temporarily scrapped the 11% duty on raw cotton imports until September 30, seeking to cool prices and ease cost pressures on the textile industry at a time when exporters face mounting tariff barriers abroad.
-
Amid US Tariffs, India Suspends Cotton Import Duties Temporarily To Aid Textile Sector
India has exempted import duties on cotton from August 19 to September 30, fulfilling the demand of industry groups who said exemptions would help make the sector more competitive.
-
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.
-
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.
-
Budget May Increase Import Duties To Check Rupee Decline: EY Chief Policy Adviser
The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava.
-
Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
-
In Union Budget 2024, Good News For Those Looking To Buy Gold
Finance Minister Nirmala Sitharaman today announced a reduction in import duties on gold to 6% from 15%, a move spelling good news for those looking to buy the yellow metal. The customs duty on silver has also been slashed.
-
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.
-
Ahead Of PM Modi-Joe Biden Meet, India Removes Additional Duties On US Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products.
-
Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
