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IMPORT DUTY EVASION
India probes LG, Samsung over alleged tariff evasion on imported OLED TV partsIndia is investigating LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts of high-end TVs, five source...
Key issues for this week's Trump-Xi summit in WashingtonPresident Trump welcomes Chinese leader Xi Jinping for crucial talks this week. They seek stability in a relationship strained by trade and...
Trump signs Russia-Iran sanctions law, opens door to 100% tariffs on IndiaUS President Donald Trump has signed the Sanctioning Russia and Iran Act of 2026, allowing tariffs of up to 100% on countries including Ind...
What will Trump and Xi discuss in Washington next week?US President Donald Trump will host Chinese President Xi Jinping on September 24 for their second meeting this year, with trade, Taiwan, Ir...
100% tariffs on India? US House passes bill authorising new duties on Russia oil buyersThe US House of Representatives has passed legislation authorising President Donald Trump to impose tariffs of up to 100% on India, China a...
100% tariff danger for India nears as Russia Sanctions Bill advances in US House amid surprise vote twistThe US House of Representatives advanced a bill authorising President Donald Trump to impose 100% tariffs on India and other countries buyi...
DRI uncovers Rs 2,500 crore duty evasion through fraudulent SAFTA claims on areca nutsThe Directorate of Revenue Intelligence has uncovered a major areca nut import racket involving fraudulent SAFTA claims and false declarati...
US says India, 40 others enabling Chinese goods to bypass tariffsIndia has requested further information from the US regarding the claims of a shadow trans-shipment network. According to a US report, Chin...
From Varuni to bhang: How India’s ancient drinking traditions became a colonial tax machineThroughout history, ancient Indian cultures embraced intoxicants such as toddy and cannabis, weaving them into the fabric of religious and ...
A $67 bn tariff trail leads the US to India over China trade. Where's the proof?The White House has placed India among countries at highest risk of being used to circumvent US tariffs on Chinese goods, citing an estimat...
US court backs Trump's power to close 'de minimis' tariff exemptionThe U.S. Court of International Trade on Thursday upheld Donald Trump’s authority to end the “de minimis” tariff exemption for low-value im...
US flags dozens of trade partners as risks for aiding tariff evasionThe Trump administration flagged dozens of US trading partners Thursday as potential risks in aiding Chinese tariff evasion, vowing to tap ...
Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...
India could face 100% tariffs under proposed US Russia sanctions billMany Democrats, some Republicans, and industry trade groups are unhappy about a provision in the long-stalled bill that would let Trump imp...
Six solar firms face DRI probe for 'evasion of duty'The probe is in connection with underpayment of customs and wrong declaration in the import of solar cells and solar modules from China bet...
Samsung deposits ₹300 crore with DRI in alleged duty evasion caseSamsung Electronics has paid ₹300 crore as customs duty to Directorate of Revenue Intelligence (DRI) following an investigation by the agen...
DRI slaps show cause notice on Samsung for alleged import duty evasion of nearly Rs 70 croreDRI) has slapped a show cause notice on South Korean electronics major Samsung for an alleged import duty evasion of nearly Rs 70 crore.
Finance Ministry detects about Rs 1,000 cr customs, excise duty evasionThe Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.
Tax evasion of over Rs 2,600 crore detectedComing down heavily on tax defaulters, financial intelligence agencies have detected tax and duty evasion of over Rs 2,600 crore in the las...
- Customs case: Sterlite VP gets bail
The Madurai bench of the Madras High Court granted bail to Sterlite Industries vice-president S Varadharajan, who was arrested in an allege...