Import Duty

Govt hikes import duty on bamboo to 25 percent

The 25 per cent customs duty rate shall now uniformly apply to any import of bamboo, including by traders, Central Board of Indirect Taxes and Customs said.

published on : 9th June 2020

As oils pact with Malaysia, Indonesia ends, SEA wants India to hike import duties

Low import duties on edible oils over the years has practically made our farmers lose interest in oilseed cultivation.

published on : 25th May 2020

SEZs urges government to permit sale of goods in domestic market at discounted import duty

SEZs are treated as a foreign territory in terms of customs laws. They are developed as exclusive export zones.

published on : 12th April 2020

Budget delivers a big jolt to Jaipur's Jewellery Industry

The industry had demanded a major cut in import duty on gold but instead a 0.5% import duty has been imposed on uncut colored stones which at present is imported tax free.

published on : 3rd February 2020

Budget 2020: Govt proposes to cut import duty on newsprint to 5 per cent

The government in the last budget had imposed 10 per cent basic custom duty on newsprint and lightweight coated paper.

published on : 1st February 2020

Harley-Davidson issue: Trump says 'getting nothing' after India reduces tariffs on motorcycles, takes a jibe at Modi

Referring to his recent conversation with Prime Minister Narendra Modi, he said the "fantastic man" informed him that India has reduced tariffs on imported motorcycles.

published on : 27th February 2018