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CUSTOMS DUTY CONCESSIONS
'Fastest we've ever put a trade deal into force': British High Commissioner to India Lindy Cameron hails India-UK trade dealThe India-UK Comprehensive Economic and Trade Agreement (CETA) will take effect on July 15, 2026, marking the fastest trade deal implementa...- India-UK trade deal to offer export benefits from day-one; steel issues addressed: Govt SourcesThe landmark India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force from July 15, 2026, with the government workin...
- India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pactIndia will allow imports of up to 3.78 lakh conventional-engine passenger cars from the UK at concessional duties under a new trade pact st...
- 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...
- India, Oman trade pact to come into force from June 1; Check what's insideIndia and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free acces...
- India eyes fiscal support for domestic EV battery supply chainIndia is planning new incentives to boost local production of battery components. This move aims to reduce import dependence for electric v...
- Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pcIndia saw a significant jump in gold imports in April, reaching USD 5.62 billion. This surge was driven by high prices. However, the govern...
- 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...
- Explained | What’s inside India–New Zealand FTA: Tariff cuts, services push, farm safeguards & moreInd NZ FTA Agreement: India and New Zealand signed a significant free trade agreement. This pact opens doors for goods, services, and inves...
- India seen to line up three buffers for its economy amid the Iran storm: Fitch unitIran War: The Indian government is seen to focus on securing essential supplies, curbing business costs through subsidies and tax relief, a...
- Garment exporters see demand recovering as US tariff pressures easeIndian garment exporters expect a strong business rebound in the second half of the fiscal year. Easing US tariff pressures are bringing bu...
- SEZs seek duty relief for three years, higher domestic sales limitSpecial Economic Zone developers and units are urging the government for extended domestic sales concessions. They want a three-year period...
- West Asia crisis: Govt to assess impact of recent tax concessions on its indirect tax revenuesIran war: The review will factor in revenue implications from duty relief measures announced to cushion industries from supply disruptions,...
- India not seeking duty concessions on liquor, cigarette in FTA with Oman: SourcesIndia is not seeking customs duty concessions on over 100 products, including liquor and cigarettes, in the proposed FTA with Oman. While t...
- Will never give company-specific incentives in EV sector, govt official on Tesla's demandThere are reports that India is looking at giving customs duty concessions to Tesla for setting up a plant in the country. In September, Go...
- UK seeks customs duty concessions on EVs in FTA with IndiaThe fast-growing EV market in India is catching the eyes of global players. The UK is also looking at phasing out ICE (internal combustion ...
- 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...
- 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 ...
- Make in India: Government likely to withdraw duty concessions for wind-turbine partsThe withdrawal is expected to start in April 2021 and may be phased out completely in a year. The ministry of new and renewable energy is n...
- Budget 2015: Provide a roadmap for GST implementation from 2017, says Abdul Majeed of PwCAmong the immediate demands, the industry wants a roadmap for GST implementation from 2017 onwards, said Abdul Majeed, Partner Price Waterh...
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