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CUSTOMS DUTY SLABS
Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...02 Apr, 2026, 02.42 PM IST- Reduce customs duty slabs in Budget 2026: GTRIIndia's customs duty structure needs simplification. The Global Trade Research Initiative suggests reducing the actual number of duty slabs...20 Jan, 2026, 05.53 PM IST
- Yes, saw away more customs slabs, GoIIndia's Finance Ministry is taking significant strides towards streamlining customs duty rates. Building on the recent revisions in Income ...08 Jan, 2026, 10.51 PM 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
- Budget 2026: Fewer customs duty slabs, simplified tariff structure soonUnion Budget: India plans to simplify its customs duty structure. The government is considering reducing the number of duty slabs to five o...08 Jan, 2026, 08.27 AM IST
- Budget rationalises customs tariff rates to 8; keeps effective duty at same levelThe government of India has simplified basic customs duty rates by reducing the number of levies to eight. While the effective duty rates o...01 Feb, 2025, 08.06 PM IST
- 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...19 Jan, 2025, 12.46 PM IST
- Feasible & prudent to have three GST slabs: CBIC chiefIndia's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will fi...26 Jul, 2024, 12.55 AM IST
- Freeze import duties for next five years; cut customs levy slabs to 5: GTRI to GovtThe Global Trade Research Initiative (GTRI) also suggested retaining import duty on components; removal of inverted duty issues; and reduct...25 Jan, 2023, 04.41 PM IST
- Industry seeks withdrawal of duty exemptions over 3-5 yearsThe government should rationalise the overall import duty structure on raw materials and finished products, industry has suggested, seeking...23 Aug, 2021, 08.38 AM IST
- Mobile manufacturers to continue to get incentives, government assures industry“Either the existing regime will continue or the new regime with GST plus BCD will come in — so either way the industry will not lose out,"...20 May, 2017, 09.13 AM IST
- New import policy for marbles, blocks form October 1The objective of the new policy is to balance the interests of domestic consumers, producers and processors, and to end the cumbersome lice...18 Sep, 2016, 04.49 PM IST
- Customs duty slabs: Kelkar panel brings back rollback memoriesIS IT prudent to increase the number of customs duty slabs to four, immediately after reducing them to two? If reduction of slabs is libera...28 Dec, 2002, 03.52 AM IST
- Kelkar taskforce recommends 3 slabs of customs dutiesKelkar taskforce on direct and indirect taxes recommended three slabs of customs duties including zero per cent duty for life savings drugs...27 Dec, 2002, 01.05 PM IST
- FM may clear Kelkar's 2-slab customs dutyWhile acceptance of the twin task force reports authored by Vijay Kelkar in totality is ruled out, the finance ministry is likely to incorp...27 Nov, 2002, 02.59 AM IST
- Classify imports for tariff: FMNEW DELHI: Finance Minister Yashwant Sinha today asked the industry to develop a consensus and classify import items for faster implementat...14 Mar, 2002, 01.46 AM IST
- Average tariff may be clipped to 23%NEW DELHI: The government is planning to reduce the average customs duty level to 23 per cent in the 2002-03 Budget.11 Feb, 2002, 01.17 AM IST
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