Customs Duty News

As per a leading daily report, in the last two years customs duty on a huge 400 items has been raised. Some of the products in the list include solar panels, apple, cell phone spares and parts, almonds, mobile phones etc. ...

The auto-industry body Society of Indian Automobile Manufacturers (SIAM) is seeking two rates under the GST regime as against multiple rates being levied currently on passenger vehicles. For the upcoming Union Budget 2018-19, the industry body said, "The automotive industry has ...

The new money laundering rules notified on August 23 has hit the gems and jewellery sector hard. As per the central government's notification any entity which deals in precious metals, stones or other high-value goods and has a turnover of Rs. ...

Financial details of Indians bringing in gold from abroad after duty payment will be shared by customs authorities with Income Tax department to check suspicious ferrying of the yellow metal into the country. According to norms, an Indian who has ...

New Delhi: The government Wednesday further slashed the import tariff value of gold to USD 417 per ten gram, while it was kept unchanged for imported silver at USD 738 per kg, in line with global trend. The import tariff ...