Page 7 - Customs Duty

Customs busts smuggling racket in Agarbattis through ASEAN FTA misuse

This is one of the biggest seizures of restricted items in recent times at the port

'Duty-free' hits a fifth of manufacturing imports, says WTO report

This, despite average tariffs being much higher than peers, says WTO report; officials call for need to scrutinise FTAs

Govt extends time for duty-free import of diamonds sent for certification

The extended time period would be available to exporters to bring back cut and polished diamonds after due certification and grading by specified laboratories abroad

FinMin told to levy tax on imported goods to boost local products: Pradhan

The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.

Indian exporters raise concerns of tit-for-tat measures by Chinese side

FIEO: Some Indian consignments detained in Hong Kong, China

Self-defeating act

Stalling shipments from China to hurt Indian industry more

Customs duty on solar equipment may hit SEZ manufacturing units: Experts

Power and New & Renewable Energy Minister R K Singh on Thursday said his ministry has proposed to impose basic custom duty (BCD) from August 1, this year on solar equipment

Power sector hopes for reforms at state level as Centre curbs imports

Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.

Power Ministry joins 'Make in India' pitch, calls for curbs on imports

Customs duty on Chinese solar gears, low cost finance to those using Indian goods

Govt considering basic customs duty of 20% on solar energy equipment

At present, 15 per cent SGD is applicable on solar cells. This would be zero or nil from July 30, 2020

The discontents of decoupling

Economic delinking with China makes no sense for India; investment, growth and public welfare will suffer

CBIC to roll out pan-India faceless assessment by Dec 31, trial underway

The first phase would begin from June 8, 2020, at Bengaluru and Chennai, for items of imports primarily covered by Chapter 84, 85 of the Customs Tariff Act, 1975

Domestic paper makers seek protection from cheap Chinese, Korean imports

They fear that with factories remaining shut during peak season, China may resort to dumping; Indian manufacturers want govt to levy customs duty on imports

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

Customs clearance goes paperless, contactless to speed up essentials import

Expedited clearance of raw materials will facilitate the production of essential items like pharmaceuticals in the country

10 listed firms that will see greatest impact of FM's customs duty tweaks

While some importers might have to absorb costs to protect their market share, other indigenous manufacturers should benefit

AC prices rise 5% on customs hike, higher logistics cost amid coronavirus

According to some makers, the crisis unfortunately has come at a critical time, when April-June season is knocking

Hike in Customs duty: Toy retailers stare at shortage in three months

While Mattel, Funskool, Hasbro, and Hamleys are impacted by the hike, none of them are part of the agitation yet

No customs duty on imported solar cells and modules, says ministry

There is already safeguard duty of 15 per cent levied on the imported solar cells and modules

Customs dept to seek additional district-level data on goods from exporters

The initiative is also aimed at bringing uniformity with the data/ information captured in the Goods and Services Tax Network (GSTN), it added