Custom Duty

Agrawal highlighted that the recent Budget focused on four key areas: supporting domestic manufacturing and value addition, promoting exports, providing relief to the common people, and facilitating trade.

Budget 2025: India to slash duties on few US imports after Trump's 'tariff abuser' comment, says report

US President Donald Trump, during his presidential campaign, had called India a 'very, very big abuser' of import tariffs.

Customs duties to soon be payable via UPI, debit and credit cards: Revenue Secretary

Currently, customs duties in India can be paid through net banking, over-the-counter payments, etc.

Jewellery stocks jump 14% after govt cuts basic custom duty on gold, silver

The scrip of Tribhovandas Bhimji Zaveri surged 13.86 per cent to close at Rs 155.30 apiece, Titan Company zoomed 6.63 per cent to Rs 3,468.15, Rajesh Exports rallied 6.32 per cent to finish at Rs 316.35 on the BSE

Lok Sabha passes Bill to give immediate effect to customs, excise duty proposals in Budget

While the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or a notified date, most of the changes in customs and excise duty rates become effective from midnight.

What gets costlier and what would be cheaper?

In recent years, emphasis has been to encourage 'Make in India', de-carbonised economy and China plus themes

Centre extends concessional custom duty on edible oil import till March 2023

The current duty structure on crude palm oil, RBD Palmolein, RBD palm oil, crude soybean oil, refined soybean oil, crude sunflower oil and refined sunflower oil remains set till 31 March, 2023.

Prices of wheat, sugar, rice on declining trend after govt measures: Official

Retail prices of wheat, rice, sugar and edible oils are showing a declining trend after the measures taken by the government, including curbs on exports of wheat and sugar, Food Secretary Sudhanshu Pandey said on Thursday.

EEPC predicts steel product prices to fall by 10% for primary producers

This would benefit the engineering goods manufacturers and their exports to become more competitive in the global markets, said EEPC India chairman Mahesh Desai

Budget 2022 | FM announces changes to indirect tax regime; more duty concessions bring cheer

Gradual phasing out of the concessional rates in capital goods and project imports and applying a moderate tariff of 7.5 percent will be conducive to the growth of the domestic sector and ‘Make in India’, Finance Minister Nirmala Sitharaman said in Parliament while presenting the 2022 Budget.

Union Budget 2021: FM Nirmala Sitharaman slashes custom duty to 7.5% on gold; MCX Gold prices slide 2.49%

The gold and diamond jewelry trade contribute 7.5 percent of the country's GDP and 14 percent of the country's total exports. As many as 60 lakh people are employed in this sector.

Government raises custom duty on certain components used to manufacture open cell

The CBIC said 5 percent duty would be levied on chip on film, printed circuit board assembly and cell (glass board/substrate) used in manufacture of open cell

Maruti Suzuki questions customs duty hike on imported electric vehicles

The company, which earlier planned to launch an electric vehicle (EV) based on WagonR this year, is reviewing the decision as it is finding it difficult to bring EV to the market at an affordable price.

Government may levy 50% duties on product ordered from chinese e-tailers

This move will affect Chinese retailers like Club Factory, AliExpress and Shein.

Reporter's Take | Clamp down on Chinese e-tailers sending goods as ‘gifts’

Sakshi Batra gets in a conversation with Moneycontrol's Priyanka Sahay to find out more about the clamp down and its implications.

Govt imposes levy of 10% basic customs duty on mobile phones

The present exemption from basic customs duty on specified parts of mobiles, such as camera module, touch panel, vibrator motor ringer, etc. will continue.

Union Budget Series: The Budget speech

The finance minister's Budget speech is a highly watched event. The annual Budget can augment or cut people's incomes.

IBJA in favour of higher GST & lower custom duty on gold

In conversation with CNBC-TV18, Surendra Mehta, Secretary, India Bullion And Jewellers Association (IBJA), says we advocate higher GST rate and lower customs duty on gold.

Positive impact of $5-6/bbl if cess on crude is removed: ONGC

The government is looking to re-impose custom duty of 5 percent on imported crude oil. ONGC's director - finance AK Srinivasan says, this too will be positive and the company will see a positive impact of Rs 2,000 crore on EBITDA.

Lower input costs can be passed to users: Jindal Stainless

In an interview with CNBC-TV18, S Bhattacharya, Director, Jindal Stainless said the falling nickel prices will reduce production cost for the company.

Union Budget 2015: FM stresses on Digital India, no major reforms in telecom

Finance minister Arun Jaitley, however, says: "The National Optical Fibre Network Programme (NOFNP) of 7.5 lakh kms, networking 2.5 lakh villages is being further speeded up by allowing willing states to undertake its execution, on reimbursement of cost as determined by DoT."

Union Budget 2015: Jewellers seek cut in gold import duty in Budget

Jewellers may be happy if the government cuts import duty on gold in Union Budget 2015. Any cut in import duty (currently at 10 percent) is likely to boost gold volume, reduce prices and minimise smuggling.

Difficult to sustain margins at 13% going ahead: CEAT

A Subba Rao, CFO, CEAT, spoke with CNBC-TV18 to discuss the rubber import customs duty. He also commented on the company‘s current business operations and expected earnings.

Govt rejects Assocham's plea of exempting iron ore from BCD

The government has rejected industry body Assocham's plea of exempting iron ore from basic customs duty (BCD), which currently stands at 2.5 per cent.

Budget 2012: Brace yourself for costlier PCs, mobiles and laptops

As the Union Budget 2012 wheeled to an end, yesterday, one the nation's most followed events drew collective ...