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INTEREST WAIVER ON CUSTOMS DUTY
UAE offers 30-day visa relief for travellers affected by regional disruptionsUAE's ICP offers a 30-day grace period, from June 10 to July 9, 2026, for travellers impacted by regional disruptions. This allows individu...- PLI, duty incentives soon for Lithium, Nickel processing units in IndiaThe proposed scheme, which is close to securing approvals, will offer production-linked incentives and waive import duties on capital goods...
- India-bound ships begin Strait of Hormuz transit as US lifts Iran blockade; Chabahar, INSTC in focusThree cargo ships are now transiting the Strait of Hormuz, signaling a significant shift after the US ended its blockade of Iranian ports a...
- Iran says it will waive fees for Hormuz during 60 day negotiation periodIran has announced a 60-day waiver on fees for ships transiting the Strait of Hormuz, following a memorandum of understanding with the Unit...
- India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensionsThe government will decide on extending import duty exemptions for 40 products after June 30. This decision hinges on the evolving situatio...
- India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pactIndia will allow imports of up to 3.78 lakh conventional-engine passenger cars from the UK at concessional duties under a new trade pact st...
- India-UK FTA levels the playing field for apparel exporters, says Pearl Global's Pallab BanerjeeIndia's apparel exports are set for a significant boost with the new UK Free Trade Agreement, finally removing a long-standing 10-12% tarif...
- Govt waives customs overtime charges for cruise passengersInternational cruise passengers will no longer pay merchant overtime charges for customs clearance. This decision aims to boost cruise tour...
- 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...
- US quietly allows waiver on Russian oil to expireAmerica's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...
- Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shapePresident Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows...
- India’s gold hunger stays unshaken as higher duties fail to close the import floodgatesIndia's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a no...
- Tamil Nadu CM announces full waiver of coop crop loans up to Rs 75,000Tamil Nadu Chief Minister C Joseph Vijay has announced a significant crop loan waiver. Farmers can receive a full waiver for loans up to Rs...
- Organised jewellers seen sustaining growth despite 80% surge in gold prices: NuvamaIndia's jewellery sector anticipates strong growth. Weddings and festivals are driving demand, even with high gold prices. Retailers report...
- Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...
- Blending of E20+ petrol exempt from excise dutyThe government has removed excise duty on blending over 20% ethanol with petrol. This move supports the use of more domestically produced e...
- India grants retrospective custom duty relief on imports of select nuclear power generation equipmentIndia has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and Janu...
- Govt extends anti-dumping duty on aluminium foil imported from China & 3 other nations till DecemberIndia has extended anti-dumping duties on aluminium foil imports. The measure will remain in effect until December 15, 2026. This decision ...
- 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 ...
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