Customs Duty: Latest News and Updates, Top Stories, Videos, Photos About Customs Duty

Customs Duty Exemptions On 350 Items Withdrawn, To Push 'Make In India'

As many as 350 customs duty exemptions have been withdrawn in the Budget 2022-23 to boost domestic manufacturing. A comprehensive review of customs duty exemption on capital goods and project imports undertaken and more than 40 customs exemptions to ...

HDFC Bank To Start, Online Customs Duty Payment Facility For Customers

HDFC Bank's integration with Central Board of Indirect Taxes and Customs (CBIC) ICEGATE platform has gone live, allowing customers to pay for their customs duty directly via the bank. With this, the bank will offer customers the convenience of directly paying ...

Customs Dept To Roll-Out Faceless Assessment In A Phased Manner

In a circular on Monday, the Central Board of Indirect Taxes and Customs (CBIC) said since faceless assessment (commonly known as anonymised or virtual assessment) is a complete departure from the existing manner of customs assessment, it is being introduced in ...

Govt. To Not Increase Excise Duty Amid Slump In Global Crude Price

In a span of five days, auto fuel prices amid slump in global oil prices to their lowest since 1991 has fallen by a sharp amount and amid it and pressures on the government to increase its revenue, there are no ...

ITC Shares Extend Further Decline, Falls 4%

ITC shares on the proposal to hike excise duty on tobacco and cigarettes was the biggest loser in trade on the Budget day. The shares extended further decline and reached an intra-day low of Rs. 210.70 in early trade, shedding as ...

Budget 2020:World Gold Council Expects Cut In Customs Duty

From the upcoming budget 2020, World Gold Council expects a cut in the customs duty on imports of gold. This is what was iterated by the organisation's CEO. As per a leading business dailies report, roll back to the earlier customs ...

SGBs New Tranche Opens At An Issue Price Of Rs. 3443/gm; Partially Offsets Customs Duty Hike

While the FM in her maiden Budget 2019 speech has announced customs duty hike on gold from 10% to 12.5% to curb imports of physical gold, the government simultaneously has introduced a new tranche of sovereign gold bonds. The issue price ...

Gold Prices Increase By Rs. 590 Following Customs Duty Hike

Following increase in custom duty on gold to 12.5% from 10% in Union Budget 2019, gold prices spiked higher by Rs. 590 to Rs 34,800/ 10 gram in the national capital. With the hike in customs duty on gold and ...

Customs Duty On Wheat Increased To 40%

Customs duty on wheat was increased from 30 percent to 40 percent by the Indian government to curb imports and protect the domestic players in the industry. The government intends to restrict overseas purchase so as to keep the domestic prices of wheat in check amid ...

Fresh Fruits, Cement To Be Mainly Affected From Duty Hike On Pakistani Imports

Following the imposition of 200 percent customs duty by the Indian government on products imported from Pakistan after the Pulwama terror attack, experts say that fresh fruits and cement would be among the top ten imported items to be affected. Among ...

ACs, Refrigerators And 17 Other Items To Get Costlier From 27 Sept

In order to reduce the widening gap in the current account deficit (CAD) and reduce pressure on the weakening rupee, the government has decided to increase basic customs duty on 19 "non-essential items" to curb their imports. These rates will be ...

Customs Duty And IGST Waiver For Goods Supplied For Kerala Floods

To aid further relief to the flood-stricken Kerala, the interim finance minister made a call to charge no IGST or integrated goods and services tax plus customs duty on goods supplied ot imported to Kerala as part of restoration operation in ...

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