"import-duty"

The government cut Basic Customs Duty on imported crude edible oils to ease domestic prices and inflationary pressures. Duty on crude sunflower oil was reduced to zero, while soybean and palm oil duties fell to 5 per cent, supporting consumers and domestic refiners

India imports more than 700 tonnes of gold annually as demand for jewellery, investment and cultural purposes continues to exceed domestic production. The article explains the role of prices, imports, exchange programmes and changing consumer behaviour in shaping the gold market

India increased gold and silver import duties to 15 per cent to curb rising imports and protect foreign exchange reserves amid the West Asia crisis. The move follows PM Narendra Modi’s austerity appeal as soaring oil costs, a weak rupee, and inflation intensify economic pressure on the country

The Union Budget 2026-27 has simplified customs procedures by rationalising exemptions, waiving duty on 17 cancer drugs, easing baggage rules, and cutting duty on personal imports to 10 per cent. It also introduced a trust-based system using AI and faster dispute settlement

In a move to further escalate trade tensions, U.S. President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on goods imported from India. The new levy is in retaliation for India's continued import of Russian oil, despite U.S. sanctions

Though slower than the year before but in line with Beijing’s target of around 5% growth, helped by strong exports and recent stimulus measures

The finance ministry said in a notification that the import duty on parts such as battery covers, main lens, back cover, other mechanical items of plastic and metal, among others, has been reduced to 10 per cent.

In June, the central government had imposed stock limit on wheat to bring down prices

New Delhi: India has raised total import duty on platinum to 15.4 per cent from 10.75 per cent, the government said in a notification on Monday, seeking to bring parity in import duty structure between gold and platinum. The government in July had increased the import duty on gold to 15 per cent but kept […]

Hyderabad: Be prepared to see the gold prices going up sharply. The Central government has increased the basic import tax on gold by 5% to 12.5% from the earlier 7.5%. With the 2.5% agri cess, the effective duty on gold will be 15%. However, the social welfare surcharge of 0.75% levied earlier is now exempted. […]

The customs duty on gold and silver was reduced to 7.5 per cent.

The duty on display assembly and touch panel was proposed to be applied from October 1 under a phased manufacturing programme (PMP) announced in 2016 in consensus with the industry