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custom duty news

Is bridal gold on its way out? The modern-day bride weighs in

Deepika Padukone in gold and Polki on her wedding day
Published on Jul 24, 2024 07:34 pm IST

Budget 2024: IESA seeks tax holiday on standalone battery energy storage

IESA expects the upcoming Union Budget 2024 to consider a special incentive program for battery raw materials and chemical processing and tax incentives. (HT File)
Published on Jan 19, 2024 06:11 pm IST

After Modi's US visit, India to scrap retaliatory customs duties on 8 products

It is to be noted here that retail inflation had also dropped sharply to 4.59 per cent in December, mainly due to declining food prices.
Updated on Jun 25, 2023 09:16 pm IST

Man duped of over 9 lakh by fraudsters over fake parcel

Representational image.
Published on Apr 14, 2023 10:24 pm IST

India gold seizures hit three-year high after import duty increase

India is the world's biggest gold consumer after China.
Published on Dec 12, 2022 05:08 pm IST

Watch: 4 exotic animals found in passenger’s luggage at Chennai airport

The passenger came from Bangkok, and further investigation into the case was on, said officials.
Published on Nov 29, 2022 10:58 pm IST

Panel to fix rates for exporters’ duty refund scheme to submit report in few weeks: Finance Secretary

Finance Secretary Ajay Bhushan Pandey said that immediately after getting the report, the RoDTEP (Remission of Duties and Taxes on Exported Products) rates would be notified.
Published on Jan 05, 2021 02:43 pm IST

Mahatma Gandhi’s bowl, cutlery to be auctioned in UK

The present set of bowl and cutlery have excellent provenance. It comes from the collection of one-time shipping magnate Sumati Morarjee, a well-known devotee of Mahatma Gandhi.
Updated on Dec 29, 2020 08:11 pm IST

Govt proposes to slash import duty on newsprint to 5%

Union finance minister Nirmala Sitharaman announced on Saturday a reduction in basic customs duty on imports of newsprint and lightweight coated paper from 10% to 5%.
Updated on Feb 02, 2020 06:03 am IST

Indo-Pak tension hits border economies

Catalogued accounts of traders, and truckers show that trade disruptions have directly or indirectly impacted 52,000 members of the suffering families.
Updated on Jan 17, 2020 05:10 am IST

Indian Newspaper Society asks govt to roll back customs duty on newsprint

The Union Budget announced by finance minister Nirmala Sitharaman on Friday said a 10% custom duty will be levied on imported newsprint and uncoated paper used for printing of newspapers.
Updated on Jul 09, 2019 10:57 am IST

Customs duties to be hiked on many items

The budget could manage net revenue of Rs 25,000 crore by raising customs duty on items such as cashew kernels, metal fittings, mounting for furniture, auto parts and optical fibre cable
Published on Jul 06, 2019 01:36 am IST

Budget 2019: Petrol, diesel tax up by 2, customs duty on gold raised to 12.5%

The cess on petrol and diesel have been increased by Re 1 per litre. In addition, Nirmala Sitharaman also raised the special additional excise duty by Re 1 each on the two fuels.
Updated on May 28, 2020 09:21 pm IST

Budget 2019: Gold to be costlier with customs duty up from 10% to 12.5%, says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2019 at Lok Sabha in New Delhi on Friday.
Updated on Jul 05, 2019 03:07 pm IST

India levies higher customs duty on 28 US products

India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
Updated on Jun 16, 2019 07:38 am IST

India to levy retaliatory tariffs on 29 US products

Key items imported by India from the US include almond and fresh apples worth $645 million and $165 million, respectively. (HT File photo)
Updated on Jun 14, 2019 11:30 pm IST

Trump slams India’s ‘unacceptable’ 50% tariff on Harley Davidson motorcycles

Trump has repeatedly claimed India imposes “tremendously high” duties on US goods.
Published on Jun 12, 2019 02:35 am IST

Japan takes India to WTO over mobile phone import duties

India’s imports of switchers and routers, totalling $5.7 billion in 2018, were dominated by China and Vietnam, while imports from Japan were worth $52 million, less than 1 percent of the Indian import market.
Updated on May 14, 2019 10:33 pm IST

Import from Pakistan through Attari takes a nosedive

The Attari ICP is 30 km from Amritsar on the India-Pakistan border, almost midway between the holy city and Lahore.
Updated on Feb 20, 2019 08:34 am IST

Why India lags behind in electric vehicle revolution

Visitors during the inauguration of Electric Vehicle Expo 2018, Pragati Maidan, New Delhi, December 21, 2018
Updated on Feb 11, 2019 01:00 pm IST

Even with its quirks, the Mercedes-Benz CLS 300d is worth the price

The downside of the swooping roofline is that it impinges on headroom
Updated on Feb 09, 2019 11:33 pm IST

Know your budget: Terms to know before B-Day

Monetary policy comprises actions taken by the RBI to regulate the level of liquidity in the economy, or change interest rates.
Updated on Jan 31, 2019 10:37 am IST

Auto industry body seeks increase in customs duty for commercial vehicle CBUs

Vehicles in New Delhi.
Updated on Jan 25, 2019 06:05 pm IST

Increase custom duty on imported TV, AC, refrigerators: Manufacturers’ association to govt

A customer inspects a refrigerator on display at a store in Mumbai.
Updated on Jan 25, 2019 05:54 pm IST

Thailand consulate employee cheated of Rs 2.53 crore by ‘internet friends’

The man, along with his wife and two children, had visited Thailand in August 2017, police said.
Published on Jan 25, 2019 01:49 pm IST

India again defers duty hike on 29 US products till January 31

India for the fourth time deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government has said.
Updated on Dec 18, 2018 05:32 pm IST

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