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CUSTOMS DUTY RATIONALIZATION
Budget FY26: Govt could cut customs duty on raw materials to boost manufacturingUnion Budget: The government could lower customs duties on raw materials for sectors like medical equipment, electronics, and footwear in t...
Budget 2025: Amnesty Scheme for customs may be announced to reduce litigation, say expertsFinance Minister Nirmala Sitharaman may announce an Amnesty Scheme for customs in the upcoming Budget to reduce litigation and foster ease ...
Budget 2025 to review customs duties? Let's be rational with expectationsIndia Budget: With the Union Budget 2025-26 approaching, expectations arise for a review and possible simplification of Customs duty rates....
Budget 2o24: What's cheaper and what's costlier? Here's the listUnion Budget 2024 Cheaper Costlier List: Finance Minister Nirmala Sitharaman announced customs duty cuts on gold, silver, platinum, and oth...
CBIC introduces job work under IGCR rules, to facilitate local industryThe changes also intend to bring flexibility on direct movement to job worker premises, direct exports and provision for local sale with co...
Budget 2021 brings twin benefits for Gold ETFsAll those holding gold will see the value erode to that extent whereas all those who want to buy more will get it relatively cheaper to tha...
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. ...
Budget 2015: How indirect taxes will act as growth catalystsFrom a service tax perspective, the biggest change to impact service providers is the increase in the service tax rate.
Interim Budget 2014: Soap companies to benefit from customs duty cut, customers to gain littleThe finance minister has rationalized the customs duty structure on non-edible grade industrial oils, fatty acids and fatty alcohols at 7.5...
Budget 2013: Rationalise tax structure for DTH & cable services, says FICCIThis will help ensure proper growth and development of the entertainment sector, said FICCI.
- Budget 2012: Oil & gas sector witnessed specific emphasis - Ernst & Young
The Excise duty structure for most petroleum products has been rationalized, with an ad valorem levy of duty at the rate of 14% on most pro...
Union Budget 2012-13: Cement companies seek uniform dutiesCement makers have also requested the government to bring to an end the existing anomaly, where duty on import of inputs is higher than on ...
Budget 2012: Eliminate customs duty on fuel oil in chemical industry, says Indian Chemical CouncilCurrently, there are some severe constraints and stumbling blocks for the growth of chemical industry in India such as the surge in imports...
- Budget 2012: Exempt duty for antigens/antibodies used in diagnostic kits, says FICCI
The import of raw materials such as antigens/antibodies or any other ingredient corresponding to the manufacture of diagnostic test kits sp...
- Budget 2012: What the budget could do for indirect taxes
Government will take more time to build consensus on GST, the budget could move in that direction to ensure a smooth switchover when the re...
- EGoM to decide on sugar import duty on Friday
An Empowered Group of Ministers (EGoM) on Food is scheduled to meet on Friday and is likely to take a decision on imposing import duty on w...
- FM has a heart, and a liver too
It’s a pep pill for the pharma industry , with the budget retaining excise duty at 4% and reducing customs duty on certain life-saving drug...