India Import Tax Rate
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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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Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
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Maharashtra State Bats For Tesla Over Import Tax On EVs
Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla
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Explained: How Fuel Prices Are Calculated In India
What is affecting fuel prices right now and how are fuel prices calculated in India? We break it down for you.
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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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Budget 2020: Nirmala Sitharaman's Budget Has Farming, Infra Focus; Street Disappointed
Finance Minister Nirmala Sitharaman, in the longest-ever Budget speech, unveiled a new tax regime, abolished dividend tax for companies, announced a 16-point plan to boost agriculture and signalled record spending in agriculture to pull the economy out of its worse slump in more than a decade. Vowing to boost the income and purchasing power of citi...
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GST Coming From July 1, Important Facts About GST Invoice
The Central Board of Excise and Customs has come out with a few clarifications on facts highlighting GST provisions relating to invoice for trade.
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Kamal Haasan Threatens To Quit Films, Says GST Rate Will Ruin Cinema
A day before an important meeting on GST or Goods and Services Tax, which is set for a July launch, a demand for changes has come from South mega star Kamal Haasan.
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Bengal Asks Other States To Veto July Launch Of GST. Over To Arun Jaitley
The roll-out on July 1 of the landmark national sales tax or GST has been vetoed by Bengal's Finance Minister, Dr Amit Mitra. As the head of an important committee that combines representatives from different states, Dr Mitra says his opposition to GST should carry some weight - his panel includes 31 finance ministers and in the past has succeeded ...
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GST Council Meeting In Kashmir To Finalise Tax Rates
The Finance Ministers of 29 states and three union territories and union Finance Minister Arun Jaitley will be in Jammu and Kashmir capital Srinagar today for the final meet before the Goods and Services Tax (GST) rollout on July 1. The choice of the venue for this all important meet is being viewed as a political statement by the government as it ...
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India's Green Car Plan Prioritizes Electric Vehicles Over Hybrids
A draft report by the government think-tank the government opens a battery plant by the end of 2018 and uses tax revenues from the sale of petrol and diesel vehicles to set up charging stations for electric vehicles.
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Petrol prices to be hiked by Rs 2 per litre, excluding taxes, from midnight
Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates this month, as devaluation of rupee against the US dollar made imports costlier.
-
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.
-
Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
-
Maharashtra State Bats For Tesla Over Import Tax On EVs
Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla
-
Explained: How Fuel Prices Are Calculated In India
What is affecting fuel prices right now and how are fuel prices calculated in India? We break it down for you.
-
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...
-
Budget 2020: Nirmala Sitharaman's Budget Has Farming, Infra Focus; Street Disappointed
Finance Minister Nirmala Sitharaman, in the longest-ever Budget speech, unveiled a new tax regime, abolished dividend tax for companies, announced a 16-point plan to boost agriculture and signalled record spending in agriculture to pull the economy out of its worse slump in more than a decade. Vowing to boost the income and purchasing power of citi...
-
GST Coming From July 1, Important Facts About GST Invoice
The Central Board of Excise and Customs has come out with a few clarifications on facts highlighting GST provisions relating to invoice for trade.
-
Kamal Haasan Threatens To Quit Films, Says GST Rate Will Ruin Cinema
A day before an important meeting on GST or Goods and Services Tax, which is set for a July launch, a demand for changes has come from South mega star Kamal Haasan.
-
Bengal Asks Other States To Veto July Launch Of GST. Over To Arun Jaitley
The roll-out on July 1 of the landmark national sales tax or GST has been vetoed by Bengal's Finance Minister, Dr Amit Mitra. As the head of an important committee that combines representatives from different states, Dr Mitra says his opposition to GST should carry some weight - his panel includes 31 finance ministers and in the past has succeeded ...
-
GST Council Meeting In Kashmir To Finalise Tax Rates
The Finance Ministers of 29 states and three union territories and union Finance Minister Arun Jaitley will be in Jammu and Kashmir capital Srinagar today for the final meet before the Goods and Services Tax (GST) rollout on July 1. The choice of the venue for this all important meet is being viewed as a political statement by the government as it ...
-
India's Green Car Plan Prioritizes Electric Vehicles Over Hybrids
A draft report by the government think-tank the government opens a battery plant by the end of 2018 and uses tax revenues from the sale of petrol and diesel vehicles to set up charging stations for electric vehicles.
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
-
Petrol prices to be hiked by Rs 2 per litre, excluding taxes, from midnight
Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates this month, as devaluation of rupee against the US dollar made imports costlier.
