Custom Duty news

Proposal to amend Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

The Central Govt. proposes to consider the following amendments to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007...

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Posted Under: Custom Duty |

Measures to Protect & Promote Domestic Steel Industry Against Cheap Steel Imports

The Ministry of Steel has brought cold reduced low carbon sheets and strips and cold rolled strips under the quality control order vide order dated 18th December 2015....

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Posted Under: Custom Duty |

Budget 2017: Reduction in duty on Renewable Energy Sector and Cashless Transaction Devices

In a bid to incentivize domestic value addition under Make in India initiative of the Government, the Finance Minister has proposed to reduce Customs and Excise duties on several items related to the Renewable Energy Sector. ...

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Reduce customs duty on chilled & frozen sea food and poultry

Government urged to to reduce customs duty on chilled and frozen seafood from present level of 30% to 10% to bring down food inflation and satiate high demand for seafood in India. ...

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DRI busts Hawala racket, seizes foreign currencies of Rs. One Crore

Delhi Zonal Unit of Directorate of Revenue Intelligence (DRI) busts Hawala racket, seizes foreign currencies worth Rs. One Crore at IGI Airport....

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Posted Under: Custom Duty |

Cabinet approves India -Uruguay agreement for help in Customs matters

Union Cabinet, has approved signing and ratifying an Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters....

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Exemption of Customs Duty On Life Saving Drugs

Department of Revenue had withdrawn custom duty exemption in case of 76 drugs where sufficient indigenous capacity was available and bulk of the requirement was being met from indigenous sources....

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DRI seizes 85.58 lakhs Cigarette sticks declared as packing material

DRI seizes 85.58 lakhs Cigarette sticks of foreign origin (Indonesian) with a market value of about Rs. 10 crore at ICD Tughlaqabad...

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Posted Under: Custom Duty |

Reduction of import duty on wheat, potatoes & crude palm oil

Central Government reduced import duty on wheat, potatoes and crude palm oil , to stabilize prices of these commodities in country ...

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Govt not imposed higher import duty on Silk import

Representations were received from the Confederation of Indian Textile Industry (CITI) and from the Federation of India Art Silk Weaving Industry (FIASWI), inter alia, to increase customs duty on import of fabrics, in general, from 10% to 20%....

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