CUSTOMS DUTY

Revenue Intelligence detects customs duty evasion of nearly Rs 2,217 crore by China’s Vivo

Lately, Indian agencies have raided almost all Chinese mobile makers including Xiaomi, Oppo, Vivo and Huawei.

published on : 4th August 2022

Higher customs duty to hit gold jewellery demand this fiscal: Report

Typically, as the festive season approaches, stores stock up on products and in the current fiscal ending March 2023, the addition of new showrooms is expected to rise 10-12 per cent.

published on : 20th July 2022

Solar projects seeing cost pressure due to elevated cell, module prices, Basic Customs Duty: Report 

Recently, Union New and Renewable Energy Minister R K Singh said that there were no plans to review the BCD levied on solar modules and cells.

published on : 30th June 2022

India has installed renewable energy projects of 152.90 GW: Power minister

“Further, projects of 72.61 GW capacity are under various stages of implementation and 21.11 GW capacity are under various stages of bidding,” said Singh.

published on : 25th March 2022

Budget woes: Customs duty hike may make ACs costlier, says industry

Finance Minister Nirmala Sitharaman has proposed an increase in customs duty on items that included mobile phone parts and compressors.

published on : 2nd February 2021

Increased customs duty a statutory industry-wise hike: Apple

The government's decision to hike the customs duty from 10 percent to 15 percent for mobile handsets is a statutory industry-wise hike, Apple India said on Saturday.

published on : 17th December 2017