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India is preparing a fresh round of customs duty reforms in the FY27 Union Budget to speed up cargo movement at ports and further rationalise the tariff structure, people familiar with the matter told Mint. The measures are expected to make cross-border trade simpler, faster and more cost-effective.
The US-India Bilateral Trade Agreement will be announced before the end of this month after the US withdraws the penalty tariff. India will allow duty-free import of soyabean, corn and certain dairy products.
The Enforcement Directorate (ED) on Wednesday conducted searches at multiple premises linked to Delhi-based businessman Vikas Garg, chairman of Ebix Inc, in connection with a money laundering case tied to a Rs 190 crore customs duty fraud.
Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs Duty notifications into a consolidated one.
Two Directorate of Revenue Intelligence (DRI) officials have been suspended following allegations of illegal detention bribe demand and misconduct in a case of duty evasion involving import of insecticides.
On Tuesday, October 7, the Kerala High Court asked the Customs Department to explain why they seized actor Dulquer Salmaan’s Land Rover.
Chennai Customs on Wednesday issued a detailed denial of bribery and harassment allegations made by Tamil Nadu-based Wintrack Inc, calling the company’s claims “false,” “calculated,” and “a deliberate tactic to pressure officials.”
A 27-year-old passenger arriving from Bangkok was intercepted by Customs officials at Rajiv Gandhi International Airport (RGIA), Hyderabad, on September 27, 2025, after a routine baggage check revealed a concealed consignment of exotic wildlife.
In a major development, China has slashed the 30 percent import duty on Indian pharmaceutical products to zero.
US President Donald Trump on Thursday announced tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs, starting October 1, 2025.