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Category: customs in media
Hindustan Zinc faces Rs 12.77 lakh customs penalty
Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Limited, has received an order from the Office of the Commissioner of Customs, NS-I, Maharashtra, confirming a fine and penalty of approximately ₹12.77 lakh, along with a demand for customs duty and applicable interest.
Trump threatens to impose 10% additional tariff on nations backing ‘anti-American’ BRICS
US President Donald Trump on Monday issued a warning for BRICS member countries, saying that any nation that aligns itself with ‘anti-American’ policies of the bloc will face an additional tariff of 10%
Bosch faces ₹96.3-crore customs demand over import duty and classification dispute
Auto components firm Bosch Limited on Thursday (July 3) said it has received a demand order from the office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai, related to alleged misclassification of imported components and wrongful availment of duty benefits.
India is not a tariff king, says Nirmala Sitharaman
Finance minister Nirmala Sitharaman on Tuesday rebutted the label of “tariff king” often used by US President Donald Trump for India, and said the country’s effective tariff rates are far lower than they appear.
Govt mulls tweaking duty norms for sale of SEZ products to domestic market
The commerce department and the finance ministry are currently engaged in consultation to allow the sale of products manufactured in Special Economic Zones (SEZs) to the domestic market on a “duty foregone basis” on raw materials, instead of the finished product, a person aware of the matter said.
DRI Arrests 31-Year-Old Trader For ₹42 Crore Customs Duty Evasion In 3,630 Metric Tonnes Inshell Walnut Imports From Chile
The officials of the Directorate of Revenue Intelligence (DRI) on Thursday arrested a 31-year-old man for allegedly undervaluing and importing 3630 metric tons of inshell walnuts thereby evading Customs duty of Rs 42 crores.
Orissa HC directs tax depart to pay 6% interest to Vedanta on 14 years delayed customs refund
The Orissa High Court has directed the Customs Department to pay 6% interest on delayed customs refunds to Indian mining major Vedanta. In a significant ruling that upheld taxpayers right to avail interest on delayed refunds, the Orissa HC on 09.05.2025 ruled in favour of Vedanta owing to a provisional assessment by custom authorities that took nearly 14 years to finalise.
India Imposes Five-Year Anti-Dumping Duties On Acetonitrile, Aluminium Foil, Pretilachlor Imports
The Union government has imposed definitive anti-dumping duties for five years on three key products — acetonitrile, aluminium foil and pretilachlor (including its intermediate PEDA), to shield domestic industries from unfairly priced imports.
Chennai customs bust hydroponic ganja racket
The arrest of two mules in recent weeks has seen the Chennai airport customs bust a reinvented modus operandi of drug smugglers using Sri Lanka as a transit point to bring in high-potent ganja varieties into the country.