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BCD CONCESSION
Gold imports under India, UAE FTA quota remain modest: OfficialGold imports under a special trade deal with the UAE have seen low usage. The India-UAE Comprehensive Economic Partnership Agreement offers...- Sazerac to introduce bourbon lineup in India, a priority market for American liquor makerSazerac, a US-based spirits company, will expand its bourbon whiskey offerings in India. The company sees India as a key growth market. It ...
- Gold plunges Rs 4,200/10 gram after FM cuts customs duty on bullionWhile the August gold futures fell over 6% or by Rs 4,268 per 10 gm to hit the day's low of Rs 68500, silver September futures on the MCX t...
- Titan, Kalyan Jewellers rally up to 7% as FM slashes customs duty on gold, silver to 6%In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports ...
- Maruti Suzuki receives show cause notice worth Rs 16 lakh from customs departmentIn a regulatory filing, the company said: "customs department has alleged the company for evading custom duty amounting Rs 16,27,085 by wro...
- Nirmala Sitharaman Budget 2023 Speech: Here is the full textThis Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous a...
- Mobile prices may not dip despite some customs concessions say analysts"The reduction in BCD (basic customs duty) on some components will give OEMs some cushion to offset increasing price of some key components...
- Concessions in customs duty to electronics manufacturing"Duty concessions being given to promote electronics manufacturing, wearables and hearables devices included. Duty concessions to parts of ...
- Liquor apex body CIABC objects reducing basic customs duty on imported spirits before trade talks with UK“India exports just Rs 5 crore worth of alcoholic beverages annually to UK against an import of Rs 1300 crores. Exports to UK constitute on...
- Hold back imposition of basic customs duty on solar equipment in Budget, demand developersAccording to industry estimates, as much as Rs 1.75 lakh crore investment is required to bid out 35GW of renewable energy capacity in the c...
- Budget 2021: How indirect tax can provide a roadmap to recoveryThe PLI scheme rolled out under the Atmanirbhar Bharat Abhiyan in April 2020 covered mobile manufacturing, manufacturing of bulk drugs and ...
- Budget 2020 Highlights: This is what you got from Sitharaman's Bahi KhataThe FM, Nirmala Sitharaman, on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians & their purchasing power,...
- Domestic solar manufacturers hail extension of safeguard duty on Chinese equipmentThe Directorate General of Trade Remedies recommended the imposition of safeguard duty on Chinese solar imports for one more year at 14.9% ...
- Telcos ask finance ministry to clarify on import duty for routersIncreasing basic customs duties on tech products such as routers listed under (the rechristened) ITA-1, he said, would hit expansion of 4G ...
- Finance Ministry says no to Apple’s tax incentives demand, but it isn’t the end of road for AppleApple had sought concessions such as duty exemption on manufacturing and repair units, components, capital equipment for smartphones for 15...
- Union Budget 2017: Full speech of Finance Minister Arun JaitleyFinance Minister Arun Jaitley presented Modi government's post-demonetisation Budget on Wednesday. Here is the full speech of the Finance M...
- In run-up to GST, budget to see cleanup of imports sopsChanges to the import duty framework will be in focus in the budget.There are two components of import duty: basic customs duty and counter...
- Renewable energy companies worried about GST impact on costAlthough taxes on generation and sale of electricity have been kept outside the purview of the GST regime, capital goods and services used ...
- Budget 2016: Full text of Finance Minister Arun Jaitley's speechJaitley presented his third budget which took on the fiscal and physical health of the nation by setting the fiscal deficit target at 3.5% ...
- Makes sense to cut levies on capital goods importsCapital goods imports have soared in recent months - over 55% so far this fiscal - reflecting an investment spurt across industries.
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