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Import Duty
Business  /  Published 13.09.21

UK may push for Scotch duty cuts

The UK-India Business Council (UKIBC) has proposed the reduction of Indian import duty on Scotch whisky and medical devices along with the alignment of standards and intellectual property protection i...
By A Staff Reporter in Calcutta

Business  /  Published 12.09.21

Govt cuts import duty on edible oil

The government has slashed the base custom duties on palm oil, soyoil and sunflower oil to contain spiralling edible oil prices. The base import tax on crude palm oil has been reduced to 2.5 per cent...
By Our Special Correspondent in New Delhi

Business  /  Published 25.07.21

Tesla seeks import duty cut

Tesla Inc is likely to set up a factory in India if successful with imported vehicles, chief executive Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction i...
By Our Special Correspondent in New Delhi

Business  /  Published 14.07.21

Duty relief for Covid inputs

The government has exempted basic customs duty on imports of specified API/ excipients for Amphotericin B and raw materials for manufacturing Covid test kits as the number of Covid-19 cases slowly inc...
By Our Special Correspondent in New Delhi

Business  /  Published 22.04.21

Gold imports surge, prices start to rise

Globally, international gold prices rose on Wednesday, hovering near a seven week high hit earlier this week as a softer dollar and easing of US treasury yields lifted demand for the safe haven metal....
By A Staff Reporter in Calcutta

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Business  /  Published 03.04.21

Record spike in gold imports

The country’s gold imports in March surged 471 per cent from a year earlier to a record 160 tonnes, a government source has said as a reduction in import taxes and a correction in prices from re...
By Reuters in Mumbai

Business  /  Published 02.02.21

Union Budget 2021-22: Import duty on gold and silver lowered

The Union government on Monday lowered the import duty on gold and silver by 5 per cent in a bid to bring down the price of the precious metals in the domestic market and boost exports of gems and jew...
By A Staff Reporter in Calcutta

Business  /  Published 19.01.21

Import duty on phones may go up

India is considering hiking import duties by 5-10 per cent on more than 50 items, including smartphones, electronic components and appliances, in the upcoming budget, three government sources pri...
By Reuters in New Delhi

Business  /  Published 19.09.20

Masoor dal import duty reduced by 20%

The government has reduced the import duty on masoor dal by 20 per cent till October-end to boost the availability of the lentil in the domestic market during the festive season. The import duty on m...
By Our Special Correspondent in New Delhi

Business  /  Published 24.08.20

Duty hike: First list of items ready

The government plans to finalise import duties on over two dozen items, including textiles, toys, cameras, solar modules, cells and inverters, and place restrictions on certain types of steel items as...
By R. Suryamurthy in New Delhi


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