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IGST ON IMPORTS
India's gross GST collections ease to Rs 1.94 lakh crore in May from April record as growth slows to 3.2%India's Goods and Services Tax collections saw a moderation in May 2026, reaching Rs 1.94 lakh crore. This figure represents a 3.2% increas...- 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...
- Gold imports from Dubai may rise after duty hike: GTRIIndia's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE tra...
- Rising duties may cut India’s gold imports sharply: Mohammed ImranIndia's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will co...
- Kalyan Jewellers, Titan, other jewellery stocks crash up to 6% as Centre hikes gold customs duty to 15%Jewellery stocks like Kalyan Jewellers and Titan Company tumbled up to 6% after the government hiked customs duty on gold and silver import...
- India raises gold, silver import duty to 15% to curb imports, support rupee amid West Asia crisisGold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respec...
- Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJAThe Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a noti...
- Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...
- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
- Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...
- Supreme Court of India seeks replies on 28% IGST plea on phone batteriesThe Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...
- Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meetThe issue of IGST on oxygen concentrators may already be addressed by the GST council on Friday. The council could look at doing away with ...
- GST council may do away with tax on oxygen concentrators, but only prospectively: SourcesCurrently imported oxygen concentrators attract 12% IGST. Many states have been pushing for doing away with the IGST on imported oxygen con...
- Importers drag Centre to court over oxygen concentrators tax, claim 'violation of rights’Only non-profit organisations registered under the Foreign Contribution (Regulation) Act (FCRA) are exempt from the IGST when importing oxy...
- India Inc seek IGST waiver on import of Covid goodsAs part of its Covid relief measures, the Centre had on May 3 exempted IGST on relief material with a pre-condition that they are donated a...
- Government slashes IGST on oxygen concentrators for personal use to 12%"IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring IGST rate on such person...
- Lowest ever GST on imports in MarchCollections in March are related to sales or import consignments in February and the numbers are lower than the previous low of Rs 19,603 c...
- Government to up IGST on imported crude palm oilAt present, there is 5 per cent IGST on imported crude palm oil.
- AGRM expresses concern at “huge pricing disadvantage” faced by gold refineries,bullion importing banksBanks and other nominated agencies import gold bullion at 10%. Now, they will also have to pay 3% IGST on import, taking their cost to 13%.
- No IGST on imports under export promotion schemesA number of IT and telecom products do not face any basic customs duty as India has committed to exempt these items under the Global Inform...
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