Customs duty

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

Customs duty on TBMs to boost local manufacturing

The 7% customs duty announced on Tunnel Boring Machines (TBMs) is likely to boost the manufacture of these giant-sized machines across India.

published on : 2nd February 2021

SEZ solar gear makers fear customs duty hit, pitch for equalisation levy

According to the power ministry’s proposal, the government will levy a BCD of 15-20 per cent on solar gear in an effort to discourage solar equipment imports, most of which originates from China.

published on : 12th August 2020

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