 "What is Customs duty")
Customs duty
What is Customs duty
The Budget estimate of the government's
Read More
Latest Updates on Customs duty
Gold imports slump after duty increase, May volumes at 25-30 tonnes
Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes, while recycling of old jewellery has increased following the recent hike in import duties
 "Gold imports slump after duty increase, May volumes at 25-30 tonnes")
Govt weighs extending zero-duty import on 40 products beyond June 30
Officials said associated revenue consideration will have to be considered while deciding on whether the import duty exemption would be extended
 "Govt weighs extending zero-duty import on 40 products beyond June 30")
Govt offers retrospective tax relief for nuclear power equipment imports
The exemption covers specified goods imported for nuclear power generation under designated customs tariff categories
 "Govt offers retrospective tax relief for nuclear power equipment imports")
Govt exempts import duty on cotton for five months till October 30
The Centre has exempted cotton imports from customs duty and AIDC till October 31, aiming to improve domestic availability and lower raw material costs for textile manufacturers
 "Govt exempts import duty on cotton for five months till October 30")
Indian banks resume gold, silver imports after month-long halt over 3% levy
The resumption is expected to boost the country's gold imports, widen the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year
 "Indian banks resume gold, silver imports after month-long halt over 3% levy")
Customs duty cut fails to lift plastic sector as input costs remain high
Industry says duty exemption on petrochemical imports has had limited impact as raw material prices stay elevated, demand weakens, and MSMEs face mounting stress
 "Customs duty cut fails to lift plastic sector as input costs remain high")
Duty concessions to SEZ for DTA clearances likely to find few takers
Modest duty cuts and complex conditions may limit SEZ units' appetite for concessional DTA clearances despite the government's intent to boost capacity use
 "Duty concessions to SEZ for DTA clearances likely to find few takers")
Petchem import duty waiver to cost govt ₹1,800 crore in 3 months
The exemption on a wide range of critical petrochemical products till June 30, 2026, is a temporary and targeted relief to shield domestic manufacturers from disruptions caused by the Iran war
 "Petchem import duty waiver to cost govt ₹1,800 crore in 3 months")
Medtech, pharma welcome duty relief, seek GST cuts on key inputs
Industry welcomes customs duty exemption on petrochemicals but urges GST relief on inputs and faster refunds to ease cost pressures amid West Asia disruptions
 "Medtech, pharma welcome duty relief, seek GST cuts on key inputs")
Customs seeks ₹23.52 cr from Voltas over alleged import misclassification
As per the order, there was 'mis-classification of certain imported goods pertaining to the period from 14th June, 2019 to 21st July, 2022'
 "Customs seeks ₹23.52 cr from Voltas over alleged import misclassification")
Businesses can pay customs duty via UPI, cards on ICEGATE portal: CBIC
The CBIC in a circular said ICEGATE e-Payment platform has enabled 'Payment Aggregator' as an authorised mode to facilitate customs duty payment
 "Businesses can pay customs duty via UPI, cards on ICEGATE portal: CBIC")
Domestic medtech lobby seeks govt support as key input costs rise 50%
Domestic medical device makers seek government support as input costs surge up to 50 per cent amid West Asia disruptions, flagging supply chain stress and rising logistics costs
FTA tariff concessions could cost India Rs 1 trillion in FY26
India's customs duty forgone due to FTAs could cross ₹1 trillion in FY27, with Asean accounting for the largest share, Budget documents show
 "FTA tariff concessions could cost India Rs 1 trillion in FY26")
A long-game Budget: FM pushes capability-building for growth resilience
FM Sitharaman tightens fiscal deficit target at 4.3% of GDP
 "A long-game Budget: FM pushes capability-building for growth resilience")
Budget 2026: Seaplane manufacturing to get boost, aircraft parts duty cut
Centre announces incentives for indigenous seaplane manufacturing, VGF support for operations, and customs duty exemption on aircraft components
 "Budget 2026: Seaplane manufacturing to get boost, aircraft parts duty cut")
Sitharaman announces various customs duty exemptions in 2026 Budget
The exemptions are aimed at simplifying tax rates, supporting domestic manufacturing, boosting exports, and removing old duty exemptions that are no longer needed
 "Sitharaman announces various customs duty exemptions in 2026 Budget")
Customs duty exemptions extended for lithium-ion cells, critical minerals
For biogas blended CNG, she said, 'I propose to exclude the entire value of biogas while calculating the central excise duty payable on biogas blended CNG'
 "Customs duty exemptions extended for lithium-ion cells, critical minerals")
IndiGo moves Delhi HC for ₹900 cr customs refund on repaired engines, parts
IndiGo has asked the Delhi High Court to direct customs authorities to refund over ₹900 crore it paid under protest on aircraft engines and parts re-imported after repairs
 "IndiGo moves Delhi HC for ₹900 cr customs refund on repaired engines, parts")
Simplification of customs will be next big reform, says FM Sitharaman
The announcements to this effect can be made in the upcoming Budget, likely to be presented on February 1
 "Simplification of customs will be next big reform, says FM Sitharaman")
FIMI pushes for 15% aluminium duty, flags import surge, poor-quality scrap
FIMI has urged the Finance Ministry to raise the basic customs duty on aluminium products to 15 per cent, citing rising imports, poor-quality scrap inflows and the pressure
 "FIMI pushes for 15% aluminium duty, flags import surge, poor-quality scrap")