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CUSTOMS DUTY WAIVERS
India readies Rs 12,000 crore push for local battery component manufacturingIndia is set to launch a new incentive scheme to boost local manufacturing of advanced cell battery components. This initiative aims to red...- Explained: Why Gokaldas Exports, KPR Mill and other textile stocks soared up to 8% on MondayTextile stocks such as Gokaldas Exports, KPR Mill, Vardhman Textiles and Trident rallied up to 8% after the government exempted cotton impo...
- Govt exempts customs duty on cotton imports for five monthsThe government has announced a five-month customs duty exemption on cotton imports starting June 1. This move aims to increase raw material...
- Centre waives customs duty on cotton imports till October 30Cotton imports will be duty-free from June 1 to October 30, 2026. This move by the Centre aims to increase cotton availability for India's ...
- 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...
- West Asia conflict raises inflation risks; India's domestic strength offers cushion: Finmin reportIndia faces supply shocks from the West Asia conflict. This impacts inflation and trade. However, strong domestic demand and policy measure...
- French regulator says most e-commerce platform products it tested breach EU rulesFrance's consumer watchdog found a staggering 75% of products from online platforms failed EU safety rules. Many items were found to be dan...
- PM Modi in Mann Ki Baat: Highlights wind energy milestone; says India crosses 56 GW capacityIndia has achieved a significant milestone in wind energy. The nation's wind generation capacity has now surpassed 56 gigawatts. This place...
- Induction cooktop makers may be enticed with duty, GST cutsIndia is weighing tax cuts on induction cooktops. This aims to boost local manufacturing and make electric cooking more affordable. The gov...
- DPIIT rolls out multi-sectoral regulatory relaxations to bolster industrial supply chainsThe Department for Promotion of Industry and Internal Trade is ensuring continuous supply of fuel, gas, and essential raw materials. Measur...
- European alcoholic drinks companies seek India tariff relief as shortages of cans, bottles loomIndian liquor firms are grappling with rising costs for glass bottles and cans. Supply chain disruptions, linked to the Iran war, are causi...
- Indian pharma sector faces supply risk amid West Asia conflict despite duty waiverIndia's pharmaceutical industry faces ongoing concerns about securing essential petrochemical supplies due to the West Asia conflict. While...
- Budget 2025: 'Customs waiver on life-saving drugs won't benefit most patients'Despite the import duty waiver on life-saving drugs for rare diseases announced in the union budget, patients might not benefit due to high...
- CBIC extends interest waiver on customs duty payable via ECL till April 13The Central Board of Indirect Taxes and Customs (CBIC) has extended the interest waiver on customs duty payments made through the Electroni...
- Customs duty waiver for Oxygen, Oxygen equipment and Covid19 vaccinesModi asserted there was an immediate need to augment the supply of medical grade oxygen as well as equipment required for patient care both...
- SEZ units want customs duty waiver for domestic sale as exports plummetAt present, SEZs are also not able to sell their products in the domestic market, as payment of customs duty as per Section 30 of SEZ Act, ...
- Customs, excise duty waiver for merchant power projects likelyThe government is planning to permit projects that allow merchant sales of up to 40% of saleable energy in case of hydel power and 15% in t...
- Tax sops for LNG likely to support gas power plantsWith nearly half of the country’s 13,500 mw of gas-based power generation capacity remaining unutilised, the government may consider duty a...
- Hydro projects may get Customs duty waiverWith the government turning its attention to hydro power as a source of clean and cheap power, it is now considering measures to bring down...
- Finmin, Plan Panel against customs waiver on just LNGThe power ministry’s plea for a customs duty waiver on LNG, natural gas and naphtha may come to naught, especially as the finance ministry ...
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