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  • Rules to verify origin of goods imported under FTA to take effect on September 21 Sep 15, 2020 10:24 PM IST

    Rules to verify origin of goods imported under FTA to take effect on September 21

    In 2019, the DRI had found a large-scale fraud wherein Areca nut from a third non-FTA country was being imported into India from a FTA partner country, duly covered by Certificates of Origin which were found to be incorrect.

  • Reporter's Take | 5% cess to make imported medical devices costlier Feb 04, 2020 09:00 PM IST

    Reporter's Take | 5% cess to make imported medical devices costlier

    Moneycontrol's Shraddha Sharma gets in conversation with Viswanath Pilla to know how the additional cess will impact the patients and the medical ecosystem.

  • Policy | India gets a bit protectionist as contradictory forces are at play Jul 16, 2019 08:27 AM IST

    Policy | India gets a bit protectionist as contradictory forces are at play

    Reducing import dependence and curbing non-essential imports means going back in time. The overarching need for the economy to simply become more globally competitive also seems to have got a bit eclipsed.

  • Budget 2019: Hike in gold import duty leaves industry reeling Jul 05, 2019 08:00 PM IST

    Budget 2019: Hike in gold import duty leaves industry reeling

    In 2012, January gold import duty raised by 2 percent. However, in 2013 the United Progressive Alliance second term raised three times and set import duty at 10 percent in August 2013.

  • Govt may not levy additional import duty on non-essential items Oct 14, 2018 12:10 PM IST

    Govt may not levy additional import duty on non-essential items

    In the latest round of duty hike effective October 12, the Finance Ministry increased the levy of import of base station, IP Radios, soft switches and Voice over Internet Protocol (VoIP) equipments, and optical transport equipments, among others, to up to 20 percent.

  • Podcast | Editor’s pick of the day - Damp Diwali: Import duties could curtail festive shopping Oct 12, 2018 08:01 PM IST

    Podcast | Editor’s pick of the day - Damp Diwali: Import duties could curtail festive shopping

    Restricting imports is a part of the government’s five-point strategy to arrest the rupee’s slide.

  • Podcast | Editor’s pick of the day - Import duties raised on 19 items; Flying could become expensive Sep 27, 2018 07:37 PM IST

    Podcast | Editor’s pick of the day - Import duties raised on 19 items; Flying could become expensive

    If you have any intense air travel planned for the upcoming holiday season, perhaps you might want to rethink.

  • Do not see any impact of hike in import duty on diamonds, says Titan CFO Sep 27, 2018 04:41 PM IST

    Do not see any impact of hike in import duty on diamonds, says Titan CFO

    Import duty on diamonds has been raised to 7.5 percent from 5 percent.

  • Government may impose 10% import duty on mobile motherboards Apr 01, 2018 09:28 AM IST

    Government may impose 10% import duty on mobile motherboards

    The government has already imposed 15 percent import duty on chargers, battery, headset, speaker, microphone, keypad etc as per phased manufacturing programme (PMP).

  • Import duty on TV panel part halved to 5%, to encourage LCD/LED manufacturing Mar 25, 2018 10:03 AM IST

    Import duty on TV panel part halved to 5%, to encourage LCD/LED manufacturing

    "Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels" would attract 5 per cent customs duty, the Central Board of Excise and Customs (CBEC) said in a notification.

  • Import duty hike in Budget to garner Rs 7,000 crore: Hasmukh Adhia Feb 06, 2018 10:08 PM IST

    Import duty hike in Budget to garner Rs 7,000 crore: Hasmukh Adhia

    Explaining the purpose of the duty hike, Adhia said the government wanted to give some comfort to MSME who are in a position to make many of these items.

  • Government doubles import duty on sugar to 100%, hikes chana to 40% Feb 06, 2018 09:09 PM IST

    Government doubles import duty on sugar to 100%, hikes chana to 40%

    The higher tax has been imposed with immediate effect and without an end date.

  • View: Modinomics must light these tax firecrackers through Samvat 2074 Oct 20, 2017 05:57 PM IST

    View: Modinomics must light these tax firecrackers through Samvat 2074

    The Modi government must simplify all the taxes, together, in one stroke, writes Sushil Kedia. Here's how.

  • Mobile chargers & USB cables set to become costlier under new rules Jul 18, 2017 11:52 AM IST

    Mobile chargers & USB cables set to become costlier under new rules

    The government says the hike in duties is justified as it benefits the domestic manufacturing industry

  • Govt mulls imposing 25% import duty on chana to save farmers Mar 26, 2017 03:59 PM IST

    Govt mulls imposing 25% import duty on chana to save farmers

    According to sources, the Agriculture Ministry has moved a proposal to impose import duty on chana as it fears that the prices of this rabi crop could fall sharply to the disadvantage of farmers.

  • LNG import duty cut to benefit stranded gas-based steel projs Feb 03, 2017 07:54 PM IST

    LNG import duty cut to benefit stranded gas-based steel projs

    "The reduction in duty on imported LNG will benefit standard gas based steel plants and encourage more sponge iron producers to adopt the gas based production route which is more environments friendly," the steel ministry said in a statement.

  • Budget 2017: IBJA seeks import duty cut to help ailing jewellery sector Jan 24, 2017 02:26 PM IST

    Budget 2017: IBJA seeks import duty cut to help ailing jewellery sector

    Speaking to CNBC-TV18, Surendra Mehta, Director of IBJA said that the organisation is looking at an import duty cut because it is damaging the organised sector as the illegal import in the country is creating a big price difference with the unorganised players.

  • Govt may announce incentives for gems & jewellery in Budget Jan 23, 2017 08:24 PM IST

    Govt may announce incentives for gems & jewellery in Budget

    The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.

  • Steel cos seek removal of import duty, cess on coking coal Jan 22, 2017 11:02 AM IST

    Steel cos seek removal of import duty, cess on coking coal

    Steel makers like Tata Steel and Visa Steel have sought removal of import duty and clean energy cess on coking coal and giving thrust to domestic infrastructure forecasting tepid global demand next year.

  • Steel Min seeks import duty reduction on coking coal, nickel Jan 08, 2017 04:38 PM IST

    Steel Min seeks import duty reduction on coking coal, nickel

    Ahead of the Union Budget 2017-18, the Steel Ministry has sought reduction in import duty on both coking coal and nickel -- vital components of steel making -- a move that may revive the sector, a top official said.

  • India to have sufficient sugar; no plans to cut import duty Jan 08, 2017 02:48 PM IST

    India to have sufficient sugar; no plans to cut import duty

    The government does not have any immediate plans to cut import duty on sugar as the country would have sufficient supply of the sweetener considering fall in consumption this year and a likely bumper crop next year.

  • Govt rules out importing wheat; says there is enough stock Dec 23, 2016 05:41 PM IST

    Govt rules out importing wheat; says there is enough stock

    The government has recently scrapped import duty on wheat to boost domestic supplies and curb price rise. The private players has imported more than 1.7 million tonnes of wheat so far and more shipments are expected at zero Customs duty.

  • Govt may cut gold import duty to 6% from 10% Dec 21, 2016 04:41 PM IST

    Govt may cut gold import duty to 6% from 10%

    The government is likely to lower the import duty on gold to 6 percent from 10 percent, reports CNBC-TV18 quoting agencies. Sanjeev Bhatia, CFO of PC Jewellers feels this is a pleasant this will help plug the price gap between domestic and international prices.

  • Sharp fall in gold imports may lead to cut in customs duty Nov 07, 2016 02:29 PM IST

    Sharp fall in gold imports may lead to cut in customs duty

    The sharp fall in the gold imports may lead to a cut in the import duty on the yellow metal, reports CNBC-TV18, qouting a government official.

  • Govt to import 90,000 ton chana dal, examine sugar import duty Oct 19, 2016 08:10 PM IST

    Govt to import 90,000 ton chana dal, examine sugar import duty

    The government will import 90,000 tonnes of chana dal through state-owned trading firm MMTC and examine import duty on sugar to boost supply and check prices of the two essential commodities that continue to rule high.

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