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AIDC EXEMPTION
What steps India has taken to stem pressure on its external balance of paymentsIndia is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have...- Centre waives customs duty on cotton imports till October 30Cotton imports will be duty-free from June 1 to October 30, 2026. This move by the Centre aims to increase cotton availability for India's ...
- Andhra govt clears 800 acres for RIL's AI data centre in Vizianagaram districtAndhra Pradesh government has approved over 800 acres of land for Reliance Industries. This land in Vizianagaram district will host a Giga ...
- Centre waives duties on key petrochemical products amid supply disruptions due to Iran warIndia has waived import duties on crucial chemicals like ammonium nitrate, methanol, and PVC for three months, starting April 2nd. This mov...
- New CBIC norm eases compliance for importers and customs officials alikeCustoms duty compliance just got simpler! The CBIC has merged 31 old notifications into one, making it easier for businesses to navigate ex...
- Govt levies 10 pc duty on mosur dal; extends duty-free import of yellow peas till May 31The Indian government has imposed a 10 per cent import duty on lentils, effective from March 8, to boost domestic supply. Additionally, the...
- Union Budget 2025: Big savings ahead as high-end TVs, iPhones and other devices get cheaper in IndiaIn her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman announced significant reductions in import duties for essential mobile...
- 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 ...
- Centre exempts gold import by RBI from customs duty, agri cessThe Centre exempted gold imported by the Reserve Bank of India from import duty and Agriculture Infrastructure Development Cess. India, the...
- Govt waives duty and agri cess on crude soya bean, sunflower oil imports under tariff rate quota till June 30The finance ministry has exempted imports of crude soya bean and sunflower oils from basic customs duty and agriculture infrastructure and ...
- 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...
- FinMin extends duty exemption on raw cotton imports till October 31In a notification dated July 4, the ministry extended this till October 31, 2022.
- Import Duty Exemption on Cotton Extended till Oct 31The extension will give relief to the textile industry as sowing of cotton crop was delayed in some regions due to patchy monsoon rainfall.
- Assam cabinet decides to exempt ex-servicemen/widows from paying property taxAs a gesture of gratitude to Ex-servicemen for their service to the nation, amendment billls for Guwahati Municipal Corporation Act, 1969 a...
- Duty free import of raw cotton to push exports of value added textiles: FIEOThe finance ministry on Wednesday waived customs duty on cotton imports till September 30, a move which will benefit the textile industry a...
- Finance Ministry waives customs duty on cotton imports till September 30The Central Board of Indirect Taxes and Customs (CBIC) notified the exemption from customs duty and agriculture infrastructure development ...
- In competing with China and Vietnam, Indian exporters confront half-baked incentive schemesWhen the WTO took aim at India’s export incentive schemes, the government quickly came up with a better alternative. But the new scheme is ...
- Withdraw customs duty and agri cess on cotton: SIMA appeals Finance MinisterAt present, import of cotton attracts a 5 per cent basic customs duty and another 5 per cent AIDC.
- GJEPC welcomes govt move to exempt AIDC on gold, silver for exporters; says to boost exportsThe Gem and Jewellery Export Promotion Council (GJEPC) on Thursday welcomed the government's move to exempt the Agriculture Infrastructure ...
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