Gold smuggling case: Former UAE consulate officials fined Rs 12 crore; Prosecution takes action…
Customs has imposed a fine of Rs 12 crore on former UAE consulate officials in the gold smuggling case.
Category: customs in media
Trump’s tariffs hit India: What it means for GDP, debt and equity markets
The trade winds have shifted sharply. US President Donald Trump’s decision to double tariffs on Indian exports from 25% to 50%, effective 27 August, has introduced a complex challenge for India’s economy.
India halts postal services to US on unclear Customs duty rules
India has temporarily suspended postal services to the US with air carriers refusing to accept shipments due to lack of clarity on the new norms issued by the American Customs Department, the Ministry of Communications said on Saturday.
CBI arrests Superintendent of Customs for demanding & accepting a bribe of Rs 10 Lakh
The Central Bureau of Investigation (CBI) has arrested a Superintendent of Customs, posted at Air Cargo Complex, Sahar, Mumbai for demanding and accepting a bribe of ₹10,20,000 from a Customs House Agent (CHA) firm for facilitating clearance of consignments.
CARMA – for digital record keeping and monitoring of Show Cause Notices and Order In Originals
CARMA – Customs Adjudication Repository and Monitoring Application
Safeguard duty on steel imports fixed, starting at 12%
The Directorate General of Trade Remedies has finalised a three-year safeguard duty on steel imports, starting at 12%, citing a sharp surge in shipments, especially from China…
GAIL Faces Financial Penalties Over Customs Duty Dispute
GAIL (India) Limited has disclosed that the Joint Commissioner of Customs in Mumbai has issued an order demanding a differential custom duty, along with interest, fines, and penalties, due to the denial of a concessional rate of duty on an imported consignment.
“Maybe I Won’t Have To Do It”: Trump On 25% India Tariff Over Russian Oil
US President Donald Trump on Friday claimed Russia lost India as one of its oil clients after Washington announced a penalty on New Delhi over the purchases, but indicated he may not impose such secondary tariffs on countries continuing to procure Russian crude oil.
China to continue anti-dumping tariff on Indian fibre optic products
China’s commerce ministry will continue with anti-dumping tariffs of up to 30.6 per cnet on single-mode optical fibre imports from India, which were due to expire on Thursday, as it begins a final review of an investigation initiated in 2013.
Gold will not be tariffed, says Trump amid chaos that shook the bullion markets
United States President Donald Trump on Monday said that gold imports will not face additional tariffs, days after confusion flared on whether his recent duty hikes applied to certain gold bars, threatening to upend global trade of the precious metal.