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Tag: import duty

Budget 2024

Govt should not cut import duties on parts used in making smartphones

byAdmin24/01/202424/01/2024

The government should not cut import duties on electronic components used in making smartphones in the forthcoming Budget as the current tariff structure has already proven successful and changing them could harm local manufacturing, a GTRI report said on Monday.…

GST ArticlePre-GST

Benefit of no duty import allowed when goods jointly imported by financing company and EOU

byCA Bimal Jain07/06/202307/06/2023

The CESTAT, Chennai in the case of M/s. Same Deutz – Fahr India (P) Ltd. v. Commissioner of GST & Central Excise(Customs Appeal No.42175 of 2014, dated May 26, 2023) allowed the Export Oriented Unit (“EOU”) and financing company jointly…

Budget 2023

Budget 2023: Gold industry wants FM Sitharaman to reduce import duty, bring more transparency to sector

byAdmin30/01/202330/01/2023

The Budget 2023 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1. The first part of the budget session 2023 is expected to continue till February 10. The complete session is likely to begin on…

Budget 2023

Telcos demand cut in levies, import duty in Budget 2023

byAdmin21/01/202321/01/2023

The telecom operators reiterated their demand for a reduction in licence fee, removal of Goods and Services Tax (GST) on licence fee, spectrum usage charges, and spectrum payments, customs duty on imports, among others, in the upcoming Budget for 2023-24.…

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