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Custom Duty News

How much of gold can you bring to India when traveling from abroad?

Indians have a strong obsession for gold. People in India love to invest in gold whether it is a special occasion or festival. The demand for gold surges in India sharply during festival and wedding seasons. As a result of high ...

Govt Cuts Custom Duties On Edible Oils To Check Prices

To control rising edible oil prices during the festival season, the base custom duties on palm, soyabean and sunflower oils have been reduced further, bearing a revenue loss of Rs 1,100 crore, the government said on Saturday. The move, industry said, ...

Customs Duty Waived Off On Covid Vaccines, Oxygen And Oxygen Related Equipment

For a period of three months, the government has agreed to exclude basic customs duty on COVID-19 vaccines, as well as basic customs duty and health cess on medical grade oxygen and other equipment related to providing oxygen to patients. "The ...

These Items Will Now Be Costlier Or Cheaper Due To Custom Duty Changes

As the new financial year 2018-19 kicks in, some of the following items that are imported and fall under custom duties will see a change in price from April 1, 2018. This is due to the fact that several proposals concerning ...

e-Payment of customs duty made mandatory: Govt

Finance Ministry on Friday said that in order to further reduce transaction cost of the importers and as a trade facilitation measure, it has been decided to make e-payment mandatory for importers registered under Accredited Clients Programme and importers paying customs ...