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Budget 2024: IESA seeks tax holiday on standalone battery energy storage
The GST for advanced batteries on the higher side ranges between 18 per cent to 28 per cent.
Published on Jan 18, 2024 06:41 PM IST
PTI |
After Modi's US visit, India to scrap retaliatory customs duties on 8 products
During the recent state visit of PM Modi to the US, both countries decided the termination of six WTO disputes and the removal of these retaliatory tariffs.
Updated on Jun 25, 2023 09:16 PM IST
PTI |
Man duped of over ₹9 lakh by fraudsters over fake parcel
According to the complainant, a resident of the Sushant Lok area, he received a call from a courier company on April 10.
Published on Apr 14, 2023 10:24 PM IST
PTI |
India gold seizures hit three-year high after import duty increase
Customs and other agencies seized 3,083.6 kilograms of gold illegally brought in the country up to November this year, based on data made public by the Ministry of Finance in the parliament on Monday.
Published on Dec 12, 2022 05:08 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar
Watch: 4 exotic animals found in passenger’s luggage at Chennai airport
The exotic animals were seized under the Customs Act, 1962 read with Wildlife Protection Act 1972.
Published on Nov 29, 2022 10:58 PM IST
Kanishka Singharia | Edited by Aniruddha Dhar
Panel to fix rates for exporters’ duty refund scheme to submit report in few weeks: Finance Secretary
The scheme would refund to exporters the embedded central, state and local duties and taxes that were so far not being rebated or refunded and were, therefore, placing India’‘s exports at a disadvantage.
Published on Jan 05, 2021 02:43 PM IST
New Delhi |
Press Trust of India | Posted by Deepali Sharma
Mahatma Gandhi’s bowl, cutlery to be auctioned in UK
Gandhi heirlooms -- letters, photographs, portraits, books, sandals, spectacles among other items -- attract collectors of all sorts, both institutions and individuals, throughout the world.
Updated on Dec 29, 2020 08:11 PM IST
London |
Asian News International | Posted by Shankhyaneel Sarkar
SC rescues traders facing 200% customs duty on Pak imports post-Pulwama attack
The Supreme Court on Wednesday came to the rescue of certain traders who were asked to pay “enhanced custom duty of 200%” on imported goods from Pakistan due to sudden increase in the tariff by the Centre following the 2019 Pulwama terror attack and ordered that they will have to pay the duty under the older tariff.
Updated on Sep 24, 2020 12:14 AM IST
Hindustan Times/New Delhi | , New Delhi
Press Trust of IndiaDelhi businessman arrested by Mumbai customs for evading duty
He is accused of illegally importing old hard disks worth ₹7.40 crore, involving customs duty worth ₹1.33 crore
Updated on Aug 20, 2020 10:57 AM IST
Hindustan Times, Mumbai |
Vijay Kumar Yadav
Govt proposes to slash import duty on newsprint to 5%
Addressing the Lok Sabha while presenting her second Union Budget, Sitharaman said she had received references saying that the levy on newsprint has put additional burden on the print media at a time when it is going through a difficult phase.
Updated on Feb 02, 2020 06:03 AM IST
Hindustan Times, New Delhi | HT Correspondent
Indo-Pak tension hits border economies
As things stand today, Amritsar district is losing ~30 crore it earned each month through the Attari-Wagah border trade.
Updated on Jan 17, 2020 05:10 AM IST
Hindustan Times, New Delhi |
Vinod Sharma
Misuse of customs duty waiver: Jalandhar hotelier gets clean chit in 2012 case
The directorate of revenue intelligence (DRI) has given a clean chit to Gautam Kapoor, owner of Radisson Hotel Jalandhar, in an 8-year-old case regarding misuse of the government scheme for import of cars by hotels at concessional duty. Welcoming the order, Kapoor said “Although, it had taken so much time, but I am satisfied that justice has finally prevailed.
Published on Jan 07, 2020 11:40 PM IST
Hindustan Times, Jalandhar | HT Correspondent, Jalandhar
Indian Newspaper Society asks govt to roll back customs duty on newsprint
It also highlighted the issue of inadequate availability of some kinds of newsprint, and total unavailability of some others in the country, creating the need for imports.
Updated on Jul 09, 2019 10:57 AM IST
Hindustan Times, New Delhi | HT Correspondent
Customs duties to be hiked on many items
The net revenue gain in direct taxes is, however, Rs 6,000-7,000 crore as the budget proposed to slash corporate tax while raising taxes on high net-worth individuals, he said, addressing a press conference after the budget was presented in Parliament by finance minister Nirmala Sitharaman.
Published on Jul 06, 2019 01:36 AM IST
New Delhi | HT Correspondent
Budget 2019: Petrol, diesel tax up by ₹2, customs duty on gold raised to 12.5%
Budget 2019: Presenting the first Budget of the Modi government in its second term, Sitharaman said surcharges on individuals having taxable income of ₹2 crore to ₹5 crore; and ₹5 crore and more have been raised.
Updated on May 28, 2020 09:21 PM IST
New Delhi |
Agencies
Budget 2019: Gold to be costlier with customs duty up from 10% to 12.5%, says Nirmala Sitharaman
Analysts said the rise in gold prices was mostly on the back of fresh positions built up by the participants. However, a weak trend overseas limited the gains in gold futures.
Updated on Jul 05, 2019 03:07 PM IST
Hindustan Times, New Delhi | HT Correspondent
India levies higher customs duty on 28 US products
The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market.
Updated on Jun 16, 2019 07:38 AM IST
New Delhi |
Press Trust of India
India to levy retaliatory tariffs on 29 US products
According to the current notification, the retaliatory tariffs will come into effect beginning June 16.
Updated on Jun 14, 2019 11:30 PM IST
New Delhi |
Asit Ranjan Mishra
Trump slams India’s ‘unacceptable’ 50% tariff on Harley Davidson motorcycles
India slashed customs duty on imported motorcycles such as Harley-Davidson to 50% after Trump called the tariffs “unfair” and threatened to increase duties on imported Indian motorcycles.
Published on Jun 12, 2019 02:35 AM IST
Hindustan Times, Washington |
Yashwant Raj and Rezaul H Laskar
Japan takes India to WTO over mobile phone import duties
Japan’s complaint, the first step in a legal dispute, said India had sought to foster domestic production by adjusting various taxes including customs duties, especially since it launched the “Make in India” campaign in September 2014.
Updated on May 14, 2019 10:33 PM IST
Reuters |
Reuters
Import from Pakistan through Attari takes a nosedive
As per officials of Land Port Authorities of India (LPAI), which manages the ICP affairs, around 200 trucks used to import goods from Pakistan to India via Attari on daily basis before the duty hike, but now only 5-10 trucks are coming from across the border.
Updated on Feb 20, 2019 08:34 AM IST
Hindustan Times, Amritsar |
Anil Sharma
Why India lags behind in electric vehicle revolution
The industry should have been given a clear road map to follow, so that the government could effectively implement a carrot-and-stick policy. Without a stick the carrot loses its charm.
Updated on Feb 11, 2019 01:00 PM IST
Hindustan Times | KumKum Dasgupta
Even with its quirks, the Mercedes-Benz CLS 300d is worth the price
The performance of this elegantly styled CLS is remarkably good
Updated on Feb 09, 2019 11:33 PM IST
Hindustan Times | Hormazd Sorabjee
Know your budget: Terms to know before B-Day
The Budget is the most comprehensive report of the government’s finances in which revenues from all sources and outlays for all activities are consolidated. It also contains estimates of the government’s accounts for the next fiscal year.
Updated on Jan 31, 2019 10:37 AM IST
New Delhi | HT Correspondent
Auto industry body seeks increase in customs duty for commercial vehicle CBUs
The auto industry body suggested that for commercial vehicles CBUs, rates should be increased from 25 per cent to 40 per cent.
Updated on Jan 25, 2019 06:05 PM IST
New Delhi |
Press Trust of India
Increase custom duty on imported TV, AC, refrigerators: Manufacturers’ association to govt
According to the industry body, contrary to the ‘net zero import in electronics’ objective of the government, finished goods are often imported at a lower duty than parts in the country, on account of various free-trade agreements.
Updated on Jan 25, 2019 05:54 PM IST
New Delhi |
Press Trust of India
Thailand consulate employee cheated of Rs 2.53 crore by ‘internet friends’
A Thane resident working in the Thailand Consulate has filed a complaint claiming some persons he befriended on the internet cheated him of Rs 2.53 crore on the pretext of transferring USD 18 lakh to him, police said on Friday.
Published on Jan 25, 2019 01:49 PM IST
Mumbai |
Press Trust of India
India again defers duty hike on 29 US products till January 31
Commerce and industry minister Suresh Prabhu will hold bilateral discussions on trade issues with US Commerce Secretary Wilbur Ross on February 14 in New Delhi.
Updated on Dec 18, 2018 05:32 PM IST
New Delhi |
Press Trust of India
High tax regime may destroy India’s cruise industry: UK operator writes to PM Narendra Modi
Cruise ships operator Carnival UK has written to Prime Minister Narendra Modi and senior members of his cabinet, cautioning against a high tax regime that it said may destroy the cruise industry in India.
Updated on Nov 06, 2018 10:57 AM IST
Hindustan Times, New Delhi | HT Correspondent, New Delhi
A month of mini crises: How different ministries spent September putting out fires
A spiralling current account deficit led the finance ministry to hike custom duties; allegations of irregularities in the Rafale fighter deal kept the defence ministry busy; and a spat with Pakistan kept the external affairs ministry at the centre of public attention.
Updated on Sep 30, 2018 07:31 AM IST
Hindustan Times, New Delhi |
HT Correspondents
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