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IGCR
From $300 to $8,500 freight: West Asia war squeezes UP MSMEs, delays stretch to 60 daysExporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.- Budget 2026: Two more years of easier duty on key inputs for electronicsThe exemptions, which were due to expire in March, will now remain in place for another two years, according to the memorandum to the Finan...
- Chip companies grapple with import curbs on raw materialsThe industry has proposed a 10-year, zero-duty import regime for these critical raw materials under the IGCR (Import of Goods at Concession...
- Positive Budget for electronics industry; tax cut will also boost demand: Atul Lall, Dixon TechThe Budget has been praised by Atul Lall, VC & MD of Dixon Tech, for its favorable impact on the electronics industry. Key measures include...
- Budget 2025: Imported jewellery to get cheaperBudget 2025 reduces import duty on jewellery from 25% to 20%, making luxury and unbranded imports cheaper. This benefits India's growing de...
- Jewellery stocks rise up to 9% as Budget 2025 reduces tariff duty to 20%Jewellery stocks surged up to 9% after the Union Budget 2025 reduced tariff duties from 25% to 20%. Analysts expect this move to boost dome...
- Apparel exporters seek tax incentives in Budget to boost shipmentsAEPC is requesting the government remove certain tax provisions and customs duties to support apparel exporters. They have also asked for a...
- Budget 2024: Cut in customs duty, credit guarantee scheme for MSMEs to help boost mfg, exports: ExpertsRecent Budget announcements, including cuts in customs duties on various goods, a credit guarantee scheme for MSMEs, and the establishment ...
- Interim Budget 2024: Textile and apparel industry seeks tax incentives, infra boost for growthThe textile and apparel industry is the second largest employer in the country offering employment to 45 million people and 100 million in ...
- Apparel exporters seek tax incentives in Budget 2024 to boost manufacturingUnion Budget: The Apparel Export Promotion Council (AEPC) has urged the Indian government for tax incentives, including uniform GST rates, ...
- Budget wishlist: Make it cheaper to import for export, says industryExporters want the FM to resolve issues around inverted duty structure in sectors like textiles, engineering and leather. FIEO suggests ext...
- Expect business to double to Rs 1,000 crore this fiscal: Boult Audio CEO Varun GuptaThe company forayed into the smartwatch business in the second half of 2022-23 which contributed around 20% to the overall business worth R...
- Boult Audio expects business to double to Rs 1000 cr this fiscalSmart wearable device maker Boult Audio expects 100 per cent growth in revenue to Rs 1,000 crore this fiscal on the back of expansion in sa...
- 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...
- Importers to make prior disclosure to customs to avail concessional duty on goods: CBICEven importers who do not have any manufacturing facility can now avail the IGCR, 2017, to import goods at a concessional customs duty and ...
- India probably worst country to do business in: ICAHe said that IGCR (Import of goods at concessional rate of duty for manufacture of excisable goods) processes are very cumbersome in the co...
- Government may waive bank guarantees for mobile component importsPrime Minister's Office convened a joint meeting with industry and inter-ministerial officers last week to look into the impediments being ...
- Mobile handset vendors urge government to reinstate old rule for importing partsThe ICA has also suggested an amendment in the rule for the utilization period of the imported goods for mobile manufacturing to the earlie...
- New import rules hitting mobile manufacturing: ICAMobile manufacturers have demanded roll back of new import norms that mandate companies to provide bank guarantees for availing duty conces...
- Duty relief on MWO, DVR & CCTV would strengthen industry:CEAMAConsumer appliances industry lobby group CEAMA has said that the government's move to exempt custom duty on magnetron for Microwave ovens.
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