Govt may reduce number of customs duty slabs in Budget 2026
NEW DELHI : The Centre is reportedly considering reducing the number of customs duty slabs to five or six as part of efforts to streamline the customs framework. This follows major rationalisation in the
Union Budget 2026 readies Next-Gen customs overhaul
NEW DELHI : Customs duty reform is shaping up to be the next major structural clean-up on the Government’s reform agenda, with the upcoming Union Budget expected to signal the start of a comprehensive
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 for the government. During the current
FinMin amends rules governing customs & excise settlement commission ; existing officers to vacate posts with compensation
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 Chairman and Vice-Chairmen, vacate their positions
Rs 44 Cr Customs Duty evasion involving undervalued walnut imports : Bombay HC allows Anticipatory Bail
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. The applicants have demonstrated their willingness
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 sliding global demand for jewellery. The
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 States, a senior finance ministry official
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 full Union Budget of Prime Minister Shri Narendra