Simplification of customs will be next big reform, says Finance Minister
NEW DELHI: Ahead of Budget 2026, Finance Minister Smt. Nirmala Sitharaman on Saturday (December 6, 2025) said the simplification of customs would be the next big reform agenda
FinMin amends rules governing customs & excise settlement commission ; existing officers to vac
NEW DELHI : The Ministry of Finance has notified amendments to the rules governing the Customs and Central Excise Settlement Commission, mandating that all existing members, including the
Rs 44 Cr Customs Duty evasion involving undervalued walnut imports : Bombay HC allows Anticipatory B
NEW DELHI : In a recent case, the Bombay High Court allowed anticipatory Bail in case of Rs 44 Cr of Customs Duty evasion involving undervalued walnut imports.
Government raises duty drawback on Gold, Silver to promote exports
NEW DELHI : The Government’s decision to increase the drawback rate on select gold and silver article will help moderate the impact of the proposed US tariff and
India to cut tariffs on 30 products including luxury cars and bikes, before PM Modi’s US trip
NEW DELHI : India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially leading to higher imports from the United
Budget 2025: Customs duty cut on several products to boost domestic manufacturing
NEW DELHI : Union Finance Minister Smt Nirmala Sitharaman announced a host of changes in basic customs duty (BCD) for several products on Saturday while presenting the first
Customs Duty cuts in certain areas to benefit American exports : GTRI
NEW DELHI : The Customs Duty reduction announced in the Budget on products such as motorcycles and synthetic flavouring essences would benefit American exports, economic think tank GTRI
Shipbuilders hopeful for Customs Duty exemption extension in upcoming Budget
NEW DELHI : Indian shipbuilders are facing uncertainty as the Customs Duty exemption on the import of raw materials, machinery, and equipment used in ship construction is set
Union Budget 2024-25: Reforms in Customs Duties will support domestic manufacturing and promote expo
NEW DELHI : The Budget proposals for Customs Duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation, while keeping the interest
Govt recovers Rs 852 crore under amnesty scheme for exporters
NEW DELHI : The one-time amnesty scheme for exporters who failed to meet obligations that they had agreed upon while availing duty-free imports of inputs and machinery for