US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
24 May, 2026, 01.17 PM IST
Tariff Refund System explained: What it means for consumers as US begins $166 billion payback and who is eligibleThe launch of the Tariff refund system represents a significant administrative and legal milestone. It resolves a contentious policy chapte...
17 Apr, 2026, 04.18 PM IST
Supreme Court seeks Customs Department's response on Xiaomi's appeal in evasion caseXiaomi faces a Supreme Court challenge against a customs tribunal ruling. The tribunal found the company liable for evading ₹653 crore in c...
26 Feb, 2026, 12.07 AM IST
Over Rs 1.52 lakh cr locked in Customs disputes; govt may look at amnesty scheme in FY27 BudgetPrice Waterhouse & Co suggests the government consider an amnesty scheme in the 2026-27 Budget to resolve over Rs 1.52 lakh crore in custom...
08 Jan, 2026, 07.28 PM IST
India Post to resume postal services of all categories to US from tomorrowIndia Post will resume all international postal services to the US starting Wednesday. This follows a suspension due to new US import regul...
14 Oct, 2025, 05.24 PM IST
India to halt most postal services to US from August 25 after new duty rulesIndia's Department of Posts will halt most postal services to the US starting August 25, 2025, due to new US regulations. Executive Order 1...
23 Aug, 2025, 04.09 PM IST
How the US election could change the direction of trade winds for IndiaIndian businesses need to be prepared to handle tariffs on goods they export to the US. The scale of the barrier would depend on who wins t...
04 Nov, 2024, 09.47 PM IST
India cuts import duty on blueberries, turkeys; fully exempts extra long staple cotton from levyThe Finance Ministry has slashed import duty on certain items of blueberries and cranberries from 30 per cent to 10 per cent in some cases ...
20 Feb, 2024, 07.06 PM IST
Jewellers urge govt to reduce import duty on gold in Budget 2022Ahammed MP, Chairman, Malabar Gold & Diamonds said "The Union finance minister should prioritize slashing import duty on gold in Budget 202...
27 Jan, 2022, 02.23 PM IST
Import duty cut will not help reduce masur prices in India, says IPGAThe basic customs duty has been reduced from 10% to nil on Lentils (Masur) originated in or exported from countries other than the USA. Als...
26 Jul, 2021, 10.42 PM IST
Masur prices may remain range bound as Govt cuts import duty"The basic customs duty has been reduced from 10% to nil on Lentils (Masur) originated in or exported from countries other than the USA. Al...
26 Jul, 2021, 08.00 PM IST
Union Budget 2020: A year ahead for tax reforms and self-sustainabilityNirmala Sitharaman has followed the globally emerging trend of protecting the domestic industries for self-reliance and accelerate growth. ...
02 Feb, 2020, 10.08 AM IST
- Government exempts customs duty on re-import of polished diamonds
Government exempted the re-import of cut and polished diamonds sent for certification or grading abroad from the 2 per cent basic customs d...
28 Feb, 2012, 10.58 PM IST
- Budget 2012: Eliminate service tax on preventive health check-ups, says FICCI
FICCI in a memorandum to the government said that it should look to fund and develop open source software which could be provided to govern...
18 Feb, 2012, 01.08 PM IST
Union Budget 2011: Decision to cut duty on raisins under US pressure, says industryProcessing industry alleges that the decision to lower customs duty on raisins and cranberry must have been taken under pressure of the US ...
28 Feb, 2011, 04.10 PM IST
Budget 2011: ECSEPC for zero customs duty for zinc strips for blade fusesReduction of duty on these raw materials to zero will help the export of fuses to the tune of over Rs 100 Lakhs per annum from India, the p...
11 Feb, 2011, 02.20 PM IST
- Ship-building industry may get duty breather
The ministry of shipping, road transport and highways has sought reduction of customs duty levied on import of ship-building equipment in a...
08 Dec, 2006, 02.08 AM IST