India's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will co...

Jewellery stocks like Kalyan Jewellers and Titan Company tumbled up to 6% after the government hiked customs duty on gold and silver import...

Gold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respec...

The Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a noti...

Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...

The 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...

India’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...

The Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...

The issue of IGST on oxygen concentrators may already be addressed by the GST council on Friday. The council could look at doing away with ...

Currently imported oxygen concentrators attract 12% IGST. Many states have been pushing for doing away with the IGST on imported oxygen con...

Only non-profit organisations registered under the Foreign Contribution (Regulation) Act (FCRA) are exempt from the IGST when importing oxy...

As 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...

"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...

Collections 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...

At present, there is 5 per cent IGST on imported crude palm oil.

Banks 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%.

A 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...