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IMPORT DUTY RATIONALISATION
World MSME Day: What India’s recent FTAs and trade deals mean for MSMEsWhile FTAs have opened global markets for MSMEs, experts say future deals should be designed more carefully to help small firms compete at ...- India-UK FTA draws mixed response from liquor industry over Scotch duty cutsThe India-UK Free Trade Agreement is set to begin on July 15. Alcoholic beverage makers welcome the pact, expecting increased trade and a b...
- Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce dealA "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil...
- GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Textile sector: Time for a relook as tariff tantrum may soon be history? 5 textile stocks with upside potential of up to 27%The Indian textile and apparel sector has had a stressful year. The US tariffs disrupted orders to the sector’s largest market, squeezed ma...
- Centre deploys CoBRA battalions in Manipur as new DGP takes charge amid tensionsManipur welcomes new DGP Mukesh Singh. Two CRPF CoBRA battalions are deployed to the state. Tensions remain high following the ambush on Ma...
- Ladakh's new excise policy eases restrictions on liquor saleLadakh's new Excise Policy permits hard liquor sales, reduces license documents from 16 to six, and expands availability to four more distr...
- Alcohol-in-beverage: Karnataka leads India’s next liquor tax experimentKarnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates...
- The economy’s next adjustment will come at the pumpIndia faces rising fuel prices to manage its trade deficit. Foreign investors are selling Indian stocks, pressuring the rupee. Higher fuel ...
- Energy shock strains India’s growth, fiscal outlook: S&P reportIndia faces economic challenges from Middle East conflict. Energy prices and supply constraints strain finances. Rising bond yields, inflat...
- India’s gross GST collections hit record Rs 2.42 lakh crore in April, up 8.7%April saw India's Goods and Services Tax collections soar to an impressive Rs 2.42 lakh crore, showcasing an 8.7% growth from the previous ...
- Budget 2026: Luxury car makers seek duty reforms to spur premium car demandUnion Budget 2026: Mercedes-Benz India advocates for reduced customs duties on imported luxury vehicles, which could enhance sales within t...
- India will continue to review & rationalise its trade tariffs: FM SitharamanFinance Minister Nirmala Sitharaman stated that India plans to periodically review and rationalize its customs and anti-dumping duties to b...
- Walnut industry seeks duty structure changeThe nuts and dry fruits industry anticipates a relief in import duty on walnuts before PM Modi's US visit. The current 100% duty is challen...
- Dry fruits body NDFC seeks import duty rationalisation, lower GST in BudgetBudget 2025: Nuts and Dry Fruits Council of India (NDFC) urges the government to set walnut import duty on a per-kilogram basis, reduce GST...
- Customs duty structure review to focus on reducing number of rates: Revenue SecretaryThe government plans to streamline customs duty rates, aiming to reduce them from about a dozen to five, according to Revenue Secretary San...
- Budget 2024: Prices of mobile phones may fall, with proposed duty cutsThe FY 2025 Budget cuts duties on mobile phones, PCBs, and chargers to 15%, reducing Pro model Apple iPhone prices. Exemptions for critical...
- Customs duty exemptions on 350 items withdrawn to push 'Make in India'A comprehensive review of customs duty exemption on capital goods and project imports undertaken and more than 40 customs exemptions to be ...
- Power ministry for rationalisation dutiesThe ministry of power has called for rationalisation of duties in the power sector. It has suggested reducing excise and countervailing dut...
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