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India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters.
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 said.
US President-elect Donald Trump reiterated his stance on imposing reciprocal taxes, accusing India of levying “high tariffs” on American goods and warning of similar measures from the United States.
CBIC issued Notification no. 63 -customs N.T. dated 26.09.2024 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
The Hon’ble Madras High Court in M/s. Veeram Natural Products v. The Additional Commissioner of GST and Central Excise [W.P.(MD) Nos. 6485 to 6492 of 2023 dated September 13, 2023] held that aluminium foil container should be classified under Chapter…