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DUTY EXEMPTIONS REVIEW
Budget 2027: Customs duty relief on 118 goods under reviewThe Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input ...- India leads on non-animal testing and its draft lab animal rules threaten to undo thatIndia's draft Prevention of Cruelty to Animals Rules 2026 proposes significant changes to animal research regulations and oversight. It all...
- Commerce ministry sets up committee for better utilisation of RELIEF initiative for exportersThe commerce ministry has established a six-member committee to enhance the RELIEF initiative for exporters. This initiative aims to mitiga...
- 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...
- Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...
- DGCA extends pilot rest rule deadline to March as airlines face cost pressuresThe Directorate General of Civil Aviation has extended the deadline for revised pilot rest rules to March 31, 2027. This extension is a res...
- Karnataka to track doctors’ night-time attendance through geofencing app from November 1Karnataka government will implement a geofencing-based attendance system for its officials starting November 1, 2026. This initiative requi...
- 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...
- PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defencePrime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive G...
- 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.
- India probes LG, Samsung over alleged tariff evasion on imported OLED TV partsIndia is investigating LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts of high-end TVs, five source...
- Canada's retaliatory tariffs take effect as US trade talks stallCanada has implemented retaliatory tariffs on American products after trade negotiations collapsed last month. These new duties affect twen...
- Food inflation composition shifts as protein-rich items, processed foods drive price pressures: Finance Ministry ReportIndia's food inflation is undergoing a shift in its composition, with protein-rich items, processed foods and edible oils emerging as major...
- Tremendous scope to improve processes, procedures to help faster flow of FDI, says Piyush GoyalIndia is streamlining foreign direct investment processes and norms. The government seeks industry ideas to improve the investment regime f...
- 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...
- Global Market: Shein valuation falls 70% from peak as Hong Kong IPO targets $1.77 billionShein launched its Hong Kong IPO at a valuation of up to $27 billion, around 70% below its 2022 peak, as slowing growth, rising costs and r...
- US court backs Trump's power to close 'de minimis' tariff exemptionThe U.S. Court of International Trade on Thursday upheld Donald Trump’s authority to end the “de minimis” tariff exemption for low-value im...
- Govt identifies items for customs exemptions review, seeks industry viewsThe Central Board of Indirect Taxes and Customs (CBIC) last year too had conducted this crowdsourcing exercise to identify the customs duty...
- Government starts process to identify customs duty exemptions that can be scrapped“In this context, suggestions are invited in respect of review of existing Customs exemption notifications,” the Central Board of Indirect ...
- Government reviewing move to withdraw customs duty exemption for drugsA notification issued last week by Central Board of Excise and Customs had announced that customs duty exemption on the import of 74 drugs ...
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