For occasional gifting, the sender can split the package to ensure the parcel is below the duty-free value
Items being considered include metals, minerals and more electronic finished goods
The customs duty rejig is a balancing act between fiscal deficit & fiscal prudence
Raising Customs duties has many downsides
The new duty structure could bring down prices of feature phones by up to 10 per cent and smartphones by up to 3 per cent
One of the 3 reversals on removal of customs concession is for a drug whose Sun Pharma generic is market leader