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CUSTOMS DUTY EXEMPTION
India extends cotton import duty exemption till December 31 to ease textile costsThe Centre has decided to extend the customs duty exemption on cotton imports until December 31, 2026. This extension aims to improve cotto...- Who sent $2 bn military equipment to Iran past US blockade? More than 5,000 agenciesIran has developed a clandestine network involving over 5,000 agencies to import military equipment and evade sanctions. This network funct...
- Centre working on integrated tax framework for textile sector to ease duty burden on raw materials and machineryAn integrated tax framework for India's textile sector is being developed to improve competitiveness in global markets. This framework will...
- India expected to extend duty-free cotton imports through December, sources sayIndia is expected to extend the 11% customs duty exemption on cotton imports until the end of December to ease supply shortages, lower dome...
- GST reforms aim to boost compliance by removing fear, widening tax baseRate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A bus...
- 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...
- European Union to restrict Chinese hybrid cars imports to 3,50,000 per year, says reportThe European Union (EU) has agreed to restrict the import of Chinese hybrid cars to 350,000, with an annual increase of 6 per cent. The ini...
- GST Council eases tax rules for IT exports via foreign branchesThe move addresses a major demand from the IT and IT-enabled services sectors, providing significant relief to companies that support globa...
- Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaulThe government is considering tighter compliance rules for bonded warehouses, including a 24-hour deadline to electronically report shortag...
- ALPA India seeks tax relief for pilots in FY28 BudgetALPA India has called for tax relief measures to address the ongoing attrition of Indian pilots. The organization argues that the current t...
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
- Duty-free shops not exempt from Indian laws, Bombay HC upholds ban on nicotine pouchesThe Bombay High Court recently upheld a ban on imported nicotine pouches at Mumbai's airport. The court maintained that imported goods must...
- Global Market: Shein's weak listing draws analyst concerns over valuation and marginsShein shares fell 8% on their Hong Kong debut despite strong IPO demand, reflecting concerns over slowing growth, tariffs, trade restrictio...
- Fast-fashion giant Shein plunges 10% on Hong Kong debutIn its inaugural trading day in Hong Kong, fast-fashion retailer Shein experienced a ten percent drop in stock prices. The company successf...
- Electronics industry body seeks longer gestation period under ECMS, faster customs clearancesThe Electronic Industries Association of India (ELCINA) has urged the government to extend the gestation period under the Electronics Compo...
- DRI uncovers Rs 2,500 crore duty evasion through fraudulent SAFTA claims on areca nutsThe Directorate of Revenue Intelligence has uncovered a major areca nut import racket involving fraudulent SAFTA claims and false declarati...
- India Budget 2026: A proposal 'close' to Sitharaman's heart found place in this year's BudgetUnion Budget 2026: Union Finance Minister Nirmala Sitharaman highlighted customs duty exemptions for life-saving medicines in the Union Bud...
- Customs duty exemptions on 350 items withdrawn to push 'Make in India'A comprehensive review of customs duty exemption on capital goods and project imports undertaken and more than 40 customs exemptions to be ...
- Government restores customs duty exemption on three drugsThe Central Board of Excise and Customs (CBEC) in a notification restored import duty exemption on three drugs -- Octreotide, Somatropin an...
- Customs duty exempted for gold import from BNUThe Finance Minister, P Chidambaram has granted customs duty exemption in terms of Section 25(2) of the Customs Act, 1962, on the import of...
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