News for 'customs duties'

Top Government Exams In 2026

Top Government Exams In 2026

Rediff.com8 Dec 2025

rediffGURU Nayagam PP, founder of EduJob360, breaks down the top government competitive exams aspirants can target in 2026, along with their eligibility criteria, important dates, syllabus essentials and preparation strategies.

NCLT defers Vedanta demerger hearing to Sep 17

NCLT defers Vedanta demerger hearing to Sep 17

Rediff.com20 Aug 2025

The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta Ltd's proposed demerger to September 17, as market regulator Sebi is yet to complete the scrutiny of the proposal, while the central government has raised certain objections. The matter, which was part-heard earlier, had been adjourned to August 20.

Hike customs duty on ferro alloys

Hike customs duty on ferro alloys

Rediff.com25 Feb 2013

The Ferro Alloy industry has a capacity of 5.15 million tonnes.

Glass industry seeks customs duty cut

Glass industry seeks customs duty cut

Rediff.com15 Mar 2012

Glass and Glass Products: Abolish customs duty on Soda Ash

Selling Land Is Not a Service, Rules Supreme Court

Selling Land Is Not a Service, Rules Supreme Court

Rediff.com12 Nov 2025

The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.

How India, UK will benefit from the free trade deal

How India, UK will benefit from the free trade deal

Rediff.com24 Jul 2025

India on Thursday signed a free trade agreement, officially dubbed as the Comprehensive Economic and Trade Agreement (CETA), with the UK - its 16th trade pact so far - as the country aims to boost bilateral trade and investments.

When gold slips from crown to a likely millstone for Titan Company

When gold slips from crown to a likely millstone for Titan Company

Rediff.com18 Aug 2025

The country's largest listed gold jewellery maker, Titan Company, maintained its growth pace in the April-June quarter of 2025-26 (FY26).

Tesla to enter India next week with first centre at Mumbai's BKC

Tesla to enter India next week with first centre at Mumbai's BKC

Rediff.com11 Jul 2025

Tesla is set to officially enter the Indian market with the launch of its first experience center in Mumbai. The move follows leasing of warehousing space and discussions with the Indian government regarding tariffs and manufacturing.

Budget: Remove customs duty on copper

Budget: Remove customs duty on copper

Rediff.com23 Feb 2011

The flare up in the global non ferrous metal prices since June 2010 has benefited the players in general and the aluminium, lead and zinc producers in particular.

Budget 2024: Mobile phones, gold, silver get cheaper

Budget 2024: Mobile phones, gold, silver get cheaper

Rediff.com23 Jul 2024

The FM proposed reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.

Why prices of edible oils may go up

Why prices of edible oils may go up

Rediff.com13 Sep 2024

The government on Friday hiked customs duty on crude and refined sunflower oil to 20 per cent and 32.5 per cent, respectively. According to a finance ministry notification, the basic customs duty on crude palm, soybean and sunflower seed oil has been increased from nil to 20 per cent.

Entertainment: Cut customs duty on set-top boxes

Entertainment: Cut customs duty on set-top boxes

Rediff.com23 Feb 2010

Also seeks removal of excise duties on set top boxes for free to air transmission, and removal of service tax for broadcasters.

High on confidence, Akash Deep keyed on for India duty

High on confidence, Akash Deep keyed on for India duty

Rediff.com13 Aug 2025

'...when they feel that they need me for any format, they would summon. My job is to perform and be ready for call ups.'

Fertilizers: Cut customs duty on inputs

Fertilizers: Cut customs duty on inputs

Rediff.com11 Feb 2010

Implementation of nutrient-based subsidy and direct payment of subsidy to the farmers might be taken care of in the Budget.

Dyes: Cut customs duty on inputs

Dyes: Cut customs duty on inputs

Rediff.com8 Feb 2010

Textiles are the major users of dyes and pigments. So, any benefit to textile sector will also indirectly benefit the dyes and pigment sector, in terms of better demand.

How India Let Sri Lanka Steal Its Tea Crown

How India Let Sri Lanka Steal Its Tea Crown

Rediff.com2 Oct 2025

India, the land that gave the world Darjeeling and Assam tea, risks losing its place at the global tea table, not because of its leaves, but because of its lost opportunities, notes Kanika Datta.

Custom duty exemption: Dabhol awaits FinMin nod

Custom duty exemption: Dabhol awaits FinMin nod

Rediff.com6 Mar 2009

The ad hoc exemption was given to Ratnagiri Gas and Power Private Ltd to import as well as re-import components, parts and materials required for revival of its Power block I under 'Adhoc Exemption Order 24/2007' issued on May 5, 2007. The finance ministry has not accepted the request of power ministry for considering extension of ad hoc exemption.

Customs duty on Gandhi artefacts to be relaxed

Customs duty on Gandhi artefacts to be relaxed

Rediff.com7 Mar 2009

India may not charge import duty on personal artefacts of Mahatma Gandhi, which were bought by liquor baron Vijay Mallya in an auction at New York. Moreover, the country is also going to relax import restriction on all items of historical significance of Indian origin.A pair of steel-rimmed spectacles and sandals, a Zenith pocket watch, an eating bowl and a plate went under the hammer in New York and the UB Group chairman successfully bid for them for $1.8 million.

Dyes: Cut customs duty on inputs

Dyes: Cut customs duty on inputs

Rediff.com4 Jul 2009

Expects duty drawback to be at par with the present DEPB rates; seeks hike in depreciation to 35% seeks special fund for R & D center for the industry.

Construction industry wants customs duty exemption

Construction industry wants customs duty exemption

Rediff.com2 Jul 2009

Here's what the construction industry would like the Budget to do -- introduce GST, exempt customs duty on construction equipment for projects, introduce secondary market for debt trading to facilitate the infra developers to raise money through long term corporate bonds.

ISPs seeks exemption of customs duty

ISPs seeks exemption of customs duty

Rediff.com30 Jun 2009

Seeks 100% depreciation on hardware and peripherals, exemption of customs duty on goods imported by ISP, seeks measures to increase penetration.

Tyres: Cut customs duty on inputs

Tyres: Cut customs duty on inputs

Rediff.com29 Jun 2009

The Tyre Industry is one of the industries that have been majorly affected by the global economic meltdown.

Verification of burqa-clad women introduced by TN Seshan: EC

Verification of burqa-clad women introduced by TN Seshan: EC

Rediff.com16 Oct 2025

The Election Commission defends its directive to verify the identity of burqa-clad women at Bihar polling stations, citing a 1994 order issued during T N Seshan's tenure.

Can Job Hopping Help Your Career Grow Faster?

Can Job Hopping Help Your Career Grow Faster?

Rediff.com11 Nov 2025

Merely saying merely 'I am bored' may be a weak reason for a transfer. Your reason to switch should be stronger and purposeful, advises Shruti Swaroop, founder of Embrace Consulting and co-founder of International Inclusion Alliance.

Global majors keen to make e-cars in India; Tesla quiet

Global majors keen to make e-cars in India; Tesla quiet

Rediff.com4 Jun 2025

Elon Musk-led Tesla Inc is yet to express interest in India's flagship scheme to attract global investment in electric vehicle (EV) manufacturing, said Union Minister for Heavy Industries H D Kumaraswamy on Monday. In contrast, multiple global automobile giants -- such as Mercedes-Benz, koda Auto Volkswagen, Hyundai Motor, and Kia Motors -- are keen to participate, the minister noted.

Customs probes 200 private jets for duty evasion

Customs probes 200 private jets for duty evasion

Rediff.com22 Aug 2008

Though the exact size of the evasion is yet to be firmed up, initial estimates indicate that the duty evasion, along with penalty and fine, could be over Rs 1,000 crore

Enhance custom duty on steel long products

Enhance custom duty on steel long products

Rediff.com25 Feb 2013

The iron and steel industry in India consists of integrated steel plants based on Blast Furnace, Basic Oxygen Furnace route, main producers based on Cores, Finex or PCI Technology, mini steel plants and standalone finished steel producers

85% pvt participation in key ports by '30: Sonowal

85% pvt participation in key ports by '30: Sonowal

Rediff.com22 Aug 2025

The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.

US Tariffs Coming Tomorrow!

US Tariffs Coming Tomorrow!

Rediff.com26 Aug 2025

From 12:01 am eastern daylight time on August 27, 2025, higher tariffs will apply to all products of India that are either entered for consumption in the United States or withdrawn from warehouses for consumption.

GST rates cut: Challenges FMCG companies are facing

GST rates cut: Challenges FMCG companies are facing

Rediff.com24 Sep 2025

With lower GST rates taking effect, fast-moving consumer goods players face challenges in setting reduced prices for their products in round figures, but expect the magical price points to be restored within two months.

Govt to cut customs duty on set top box

Govt to cut customs duty on set top box

Rediff.com29 May 2003

The government on Thursday decided to cut customs duty on set top boxes.

Alloy steel: Hike customs duty on output

Alloy steel: Hike customs duty on output

Rediff.com14 Mar 2012

The common examples of alloy steel are Stain less steel, Silicon Electrical steel and High Speed Steel.

Chemicals: Remove customs duty on LNG, Naphtha

Chemicals: Remove customs duty on LNG, Naphtha

Rediff.com7 Mar 2012

It is likely that the import duty on input materials would be maintained at the current levels. However many finished products with lower import duty compared to duty on input materials may be increased.

Tariff poses major challenge for Maruti's exports to US

Tariff poses major challenge for Maruti's exports to US

Rediff.com15 Sep 2025

Almost 30 per cent of Maruti's auto-component exports are to the US, and about half of that is facing a duty of 25 per cent and the other half 50 per cent.

Budget focuses on domestic consumption amid global uncertainties

Budget focuses on domestic consumption amid global uncertainties

Rediff.com4 Feb 2025

The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts.

India, UK to sign trade pact on July 24; Goyal to accompany PM Modi

India, UK to sign trade pact on July 24; Goyal to accompany PM Modi

Rediff.com22 Jul 2025

Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the free trade agreement between India and the UK on July 24, an official said on Monday. The two countries announced the conclusion of the negotiations for the trade agreement on May 6.

Tyres: Correct the anomaly on customs duty

Tyres: Correct the anomaly on customs duty

Rediff.com24 Feb 2011

The Indian tyre industry is net exporter and is currently improving on the radialization particularly in the truck and bus tyre segment.

Retain customs duty on papers at 10%

Retain customs duty on papers at 10%

Rediff.com16 Feb 2010

Also seeks that the aggregate GST levies by the Centre and State should not exceed 6% for the paper and paperboard

How GST Rate Cut Will Impact Sectors

How GST Rate Cut Will Impact Sectors

Rediff.com8 Sep 2025

Lower rates effectively increase disposable income, strengthen purchasing capacity, and support broader consumption growth.