Centre Cuts Customs Duty On Crude Edible Oils To Bring Down Prices In Local Market
Import duty on edible oils is one of the important factors that impact the landed cost of edible oils and thereby domestic prices.
Jun 11, 2025, 20:50 PM IST
Budget 2021 proposes Custom duty structure overhaul; over 400 old exemptions to be reviewed; check details
Union Finance Minister Nirmala Sitharaman proposed several indirect tax proposals to rationalise custom duty structure, ease compliance and give impetus to domestic manufacturing, tabling the Union Budget 2021-22 in Parliament.
Feb 01, 2021, 18:24 PM IST
Customs duty on imports of subject goods originating in Malaysia increased by 5%
Government seeks that the step will help limit import of Palm Oil from Malaysia, thereby benefiting domestic farmers directly.
Aug 26, 2019, 18:08 PM IST
Govt doubles import duty on sugar to 100%, hikes chana to 40%
Presently, customs duty on sugar is 50% and that on chana is 30%.
Feb 06, 2018, 22:55 PM IST
Assocham seeks 10% import duty on chemical pulp
The industry body has also sought policy measures to facilitate private sector participation in plantation development programmes.
Jan 16, 2018, 17:03 PM IST
Apple hikes iPhone prices in India post-customs duty hike
Check out the prices of the Apple iPhones post the custom duty hike.
Dec 18, 2017, 11:20 AM IST
Apple iPhones to get costlier as govt raises import tax on cellphones
Apple imports nearly 88 percent of its devices into the country.
Dec 16, 2017, 16:37 PM IST
Govt raises customs duty on some electronic items including TV, mobile phone
As per a government notification, customs duty on television set has been increased to 15 percent from the existing 10 percent.
Dec 15, 2017, 13:51 PM IST
Mobile prices to go up as government may slap customs duty on imported handsets
Certain exemptions that are currently available to domestic handset makers will have to go after the GST regime comes into force.
Apr 26, 2017, 10:51 AM IST
Industry opposes import duty hike on medical devices
Medical devices industry has strongly opposed the government's proposal to increase the import duty, saying it will increase healthcare costs for patients and hurt the Rs 50,000-crore industry.
Mar 10, 2016, 14:04 PM IST
Govt cuts tariff value on imported gold for 2nd straight week
The government on Friday slashed the import tariff value on gold for the second straight week to USD 354 per 10 gm in line with weak global prices of the precious metal.
Jul 24, 2015, 14:02 PM IST
Government reduces tariff value on gold, silver
During last fortnight, the tariff value on imported gold was USD 398 per 10 grams and on silver at USD 567 per kg.
Jun 01, 2015, 16:47 PM IST
Customs duty evasion: Fin Min proposes to reduce penalty
Government proposes to reduce by 10 percent the penalty levied in cases involving fraud and other means to evade customs duty.
Mar 12, 2015, 17:13 PM IST
Maintain customs, excise, service tax rates in Budget: CII
The rates of service tax, central excise and customs duties be maintained at the current level in the Budget in order to aid the success of the 'Make in India' initiative, industry body CII has said.
Feb 08, 2015, 14:24 PM IST
CII for reduction in CST rate in forthcoming Budget
Industry body CII Wednesday said the government should announce measures like removal of anomalies in customs duty, reduction in CST rate, rationalisation of CENVAT credit scheme, among others in the forthcoming Budget.
Dec 10, 2014, 23:16 PM IST
Govt cuts import tariff value on gold & silver
The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. It is revised on a fortnightly basis considering volatile global prices.
Oct 01, 2014, 13:23 PM IST