Page 3 - Import Duties

If Tesla joins 'Make in India', govt will lower import duty: report

Musk recently said that his electric vehicle (EV) company wants to launch cars in India, but the country's import duties on EVs are "highest in the world by far"

Auto major Hyundai pitches for import duty cut on electric vehicles

Any duty rate cut by the government on imported electric vehicles would be very beneficial, says firm

Want to, but import duties highest in world: Tesla CEO on India car launch

Tesla founder Elon Musk said on Saturday that his company wants to launch cars in India, however, the country's import duties on electric vehicles are 'highest in the world by far'

Govt should consider import tariff cut on alcohol in phased manner: ICRIER

Duty cut will reduce cost of raw materials, enabling local manufacturing in India. Import duties on raw materials can be brought down to zero to support domestic manufacturing, council says

Govt puts on hold proposal to cut import duty on edible oils: Report

Household consumption is expected to decline the longer prices remain elevated.

Foundries demand import duty cut on pig iron, other key raw materials

Hit by surging input costs, the foundry industry in the country has demanded reduction of import duty for pig iron and other raw materials, an official said on Friday.

Covid-19: Latin American nations scrap duties on Indian respiratory devices

The Brazilian government published a resolution eliminating import taxes on 141 medical products and hospital equipment

India should cut tariffs for better trade ties, says Donald Trump

Trump said that a comprehensive trade agreement with India would take much longer to finalise than earlier expected

India Inc seeks cut in import duties to tackle disruptions by coronavirus

The coronavirus outbreak in China has disrupted supplies of raw material to other countries

Strict provisions across Customs rules to tighten the screws on imports

A string of measures includes specific provisions in rules governing anti-dumping, safeguards, and basic Customs duties.

India may raise duties on $56 bn worth of imports from China, elsewhere

Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, jewellery and handicraft items

Odd decisions and the consequences

What caused the ministry to deny the drawback at AIR for deemed export in 2013? And, what has now happened in 2019 to restore the benefit with retrospective effect? The reasons are far from obvious

Centre is looking at cutting import duties: BJP's Gopal Krishna Agarwal

Now, banks are sitting on a lot of liquid cash. Similarly, our corporate houses have liquidity in their systems. They have to invest, he said

Govt offers resolution for pre-GST disputes with tax authorities

There will also be an amnesty scheme. Under this, the assessee will have to voluntarily disclose the due taxes

Govt raises import duties up to 20% on telecom equipment, components

The latest move brings the restrictive measures imposed by India to a total of six times in the current year

Import curbs on consumer durables, luxury cars to hit festive sales

While the fall of rupee and a surge in imports led to the latest thinking in the government, talks are possible with industry stake holders to identify key areas where imports can be slashed

Protecting farmers: Govt may raise import duties on edible oils and chana

At present, the import duty on crude edible oils is 25-30%, and those on refined oils and chana are 35-40% and 40%, respectively