Page 2 - Import Duties

Odd decisions and the consequences

What caused the ministry to deny the drawback at AIR for deemed export in 2013? And, what has now happened in 2019 to restore the benefit with retrospective effect? The reasons are far from obvious

Centre is looking at cutting import duties: BJP's Gopal Krishna Agarwal

Now, banks are sitting on a lot of liquid cash. Similarly, our corporate houses have liquidity in their systems. They have to invest, he said

Govt offers resolution for pre-GST disputes with tax authorities

There will also be an amnesty scheme. Under this, the assessee will have to voluntarily disclose the due taxes

Govt raises import duties up to 20% on telecom equipment, components

The latest move brings the restrictive measures imposed by India to a total of six times in the current year

Import curbs on consumer durables, luxury cars to hit festive sales

While the fall of rupee and a surge in imports led to the latest thinking in the government, talks are possible with industry stake holders to identify key areas where imports can be slashed

Protecting farmers: Govt may raise import duties on edible oils and chana

At present, the import duty on crude edible oils is 25-30%, and those on refined oils and chana are 35-40% and 40%, respectively