Import Tax

The Government of India wants Elon Musk-led Tesla to manufacture its electric vehicles in India before considering any plea for tax benefits.

The reduction in taxes could bring down prices of the edible oils in India and boost consumption, effectively increasing overseas buying by the south Asian country.

Central Board of Indirect Taxes and Customs said in a notification that the basic import duty on refined soyoil as well as sunflower oil is also lowered to 37.5 per cent with effect from August 20.

Tesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.

Volkswagen AG, the world's second-largest carmaker, is calling for lower import duties on electric cars in India to help drive demand for clean vehicles, echoing Tesla's recent pitch which has divided the country's auto industry.

Volkswagen AG, the world's second-largest carmaker, is calling for lower import duties on electric cars in India to help drive demand for clean vehicles, echoing Tesla's recent pitch which has divided the country's auto industry.

India is considering slashing import duties on electric cars to as low as 40 percent, two senior government officials said, days after Tesla's appeals for a cut polarised the country's auto industry.

India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc's appeals for a cut polarised the country's auto industry.

India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc's appeals for a cut polarised the country's auto industry.

Hearing a 2015 plea by actor Dhanush challenging the entry tax on his imported Rolls-Royce Ghost car, the Madras High Court said, "Actors should act as responsible citizens and should not ply their cars without paying taxes fully."

Official sources said that CIP is aimed at giving information on legal requirements of Customs department to allow trade activities.

India said it has no plans to cut import duties on electric vehicles, weeks after Tesla Inc. appealed to the government to slash taxes.

The Centre is ready to take a fresh look at lowering import duty and providing other incentives for the EV maker if the brand agrees to manufacture its cars in the country.

The Madras High Court has stayed payment of a Rs 1 lakh fine on actor Vijay for seeking exemption from trying to avoid paying entry tax on the import of a high-end car - a Rolls Royce Ghost - in 2012.

Tesla is likely to set up a factory in India if successful with imported vehicles, CEO Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction in import duties on electric vehicles, according to two sources with knowledge of the matter.

The Government of India wants Elon Musk-led Tesla to manufacture its electric vehicles in India before considering any plea for tax benefits.

The reduction in taxes could bring down prices of the edible oils in India and boost consumption, effectively increasing overseas buying by the south Asian country.

Central Board of Indirect Taxes and Customs said in a notification that the basic import duty on refined soyoil as well as sunflower oil is also lowered to 37.5 per cent with effect from August 20.

Tesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.

Volkswagen AG, the world's second-largest carmaker, is calling for lower import duties on electric cars in India to help drive demand for clean vehicles, echoing Tesla's recent pitch which has divided the country's auto industry.

Volkswagen AG, the world's second-largest carmaker, is calling for lower import duties on electric cars in India to help drive demand for clean vehicles, echoing Tesla's recent pitch which has divided the country's auto industry.

India is considering slashing import duties on electric cars to as low as 40 percent, two senior government officials said, days after Tesla's appeals for a cut polarised the country's auto industry.

India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc's appeals for a cut polarised the country's auto industry.

India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc's appeals for a cut polarised the country's auto industry.

Hearing a 2015 plea by actor Dhanush challenging the entry tax on his imported Rolls-Royce Ghost car, the Madras High Court said, "Actors should act as responsible citizens and should not ply their cars without paying taxes fully."

Official sources said that CIP is aimed at giving information on legal requirements of Customs department to allow trade activities.

India said it has no plans to cut import duties on electric vehicles, weeks after Tesla Inc. appealed to the government to slash taxes.

The Centre is ready to take a fresh look at lowering import duty and providing other incentives for the EV maker if the brand agrees to manufacture its cars in the country.

The Madras High Court has stayed payment of a Rs 1 lakh fine on actor Vijay for seeking exemption from trying to avoid paying entry tax on the import of a high-end car - a Rolls Royce Ghost - in 2012.

Tesla is likely to set up a factory in India if successful with imported vehicles, CEO Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction in import duties on electric vehicles, according to two sources with knowledge of the matter.