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CUSTOMS DUTY CONCESSIONS
India notifies first New Zealand FTA duty cuts; sheep meat gets zero duty, kiwi fruit at 15%India has notified the first set of customs duty concessions for imports from New Zealand under their free trade agreement, effective Octob...- DGFT speeds up silver imports through IIBX, other nominated agenciesThe government has simplified the procedure for obtaining import authorisations for specific silver items. This change should help genuine ...
- Industry body seeks higher duty on copper used in solar moduleThe Indian Primary Copper Producers Association has urged the government to raise customs duties on solar copper products. They recommend i...
- AI compute financing needs bankable contracts, lender exit rules: industryThey highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaA...
- New Zealand route won’t help third-country goods claim India FTA benefits: Here’s what changesUnder the India-New Zealand trade pact, goods from third countries will not be eligible for tariff concessions, with preferential treatment...
- India-New Zealand FTA finalised; 100% of Indian exports to get duty-free access from October 20India and New Zealand finalized their free trade agreement, which takes effect October 20. This pact aims to double bilateral trade in good...
- India’s billion-dollar trade juggernaut has an unwanted case of missing balanceIndia’s early FTAs promised a two-way trade highway, but 15 years later the traffic looks decidedly one-sided. Deficits with ASEAN, Japan a...
- India clears 642-car import quota from UK under India-UK trade agreementIndia's Directorate General of Foreign Trade approved seven companies to import 642 cars. These imports will occur under the India-UK free ...
- India, Mercosur ink pact for electronic origin certificatesIndia and the Mercosur bloc have signed an agreement for electronic Certificates of Origin. This move facilitates paperless trade and moder...
- India, Brazil-led bloc Mercosur ink pact to accept electronic Certificates of OriginIndia and Mercosur have agreed to accept electronic Certificates of Origin. This move facilitates paperless trade and modernizes customs pr...
- EU to allow 2.5 lakh Indian cars at concessional duty under FTA; quota to reach 4 lakh in 10 yearsThe European Union will permit 2.5 lakh Indian passenger vehicles annually at a reduced 8 percent duty. This import duty concession will gr...
- India-EU FTA: EU gets tariff quota for 1 lakh cars initially, rising to 1.6 lakhThe India-EU free trade agreement will allow European automakers to export 1 lakh passenger vehicles annually at concessional duties initia...
- India sets sail to add more trade muscle as it signs PTA terms with SACUIndia and the Southern African Customs Union signed terms to start trade negotiations. This move revives talks after previous rounds stalle...
- Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell m...
- 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...
- 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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