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The government has begun a review of basic customs duty concessions and exemptions currently applicable to 118 products as part of the budget 2027-28 exercise, people familiar with the discussions said.
India has reinstated a 7.5 percent customs duty on a wide range of petrochemical imports after the expiration of a temporary exemption, raising fresh questions for manufacturers and downstream industries dependent on these critical inputs.
Two downstream aluminium industry bodies have urged the Ministry of Mines to reduce the effective Customs duty on primary aluminium, saying the current tariff structure has enabled import-parity pricing by domestic producers, raising input costs and eroding the profitability of micro, small and medium enterprises (MSMEs).
The Government had earlier provided a full Customs Duty exemption on imports of critical petrochemical products till 30th June 2026…
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.
CBIC issued Instruction no. 28/2025-Customs dated 27.08.2025 regarding Instruction with respect to duties on gifts and personal imports through Courier and Postal mode
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.
The Government of India has exempted all customs duties on the import of raw cotton with effect from 19th August 2025 until 30th September 2025.
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.