Thursday, March 6, 2025

TOPIC

custom duty

News Reports

Impact of US tariffs will be felt on India, Commerce Minister Piyush Goyal visiting USA for talks with Trump admin: Finance Minister Nirmala Sitharaman

ANI -
Nirmala Sitharaman stated that the tariffs are likely to increase with the decision of the US President
News Reports

Donald Trump announces additional tariff against Canada, Mexico and China will be enforced from 4 March over Fentanyl supply, reciprocal tariff starts from April...

OpIndia Staff -
Donald Trump announced today that the proposed extra 25% tariff against Mexico and Canada will be implemented from March 4 if drug supply from these countries do not stop.
News Reports

Directorate of Revenue Intelligence detects Rs 2,217 crore customs duty evasion by Vivo Mobile India, had earlier found tax evasion by Oppo

OpIndia Staff -
During raids at manufacturing plants of Vivo Mobile India, DRI detected tax evasion of Rs 2,217 crore
News Reports

Directorate of Revenue Intelligence searches premises of Oppo India, a Chinese subsidiary, finds tax evasion amounting to the tune of Rs 4,389 crore

OpIndia Staff -
DRI conducted searches at the premises of mobile company Oppo India and found evidence of the firm evading customs taxes
News Reports

Sonam Kapoor’s husband accused of evading tax and duties, gets caught by a shipping company for doctored invoices

OpIndia Staff -
Sonam Kapoor's husband Anand Ahuja accused of understating invoice in a bid to evade taxes and duties.
News Reports

Raids by DRI find that Indian subsidiary of Chinese phone maker Xiaomi evaded Rs 653 crore in customs duty, notices served for recovery

OpIndia Staff -
Xiaomi India evaded customs duty by not including the royalty and license fee paid to Qualcomm and parent company in assessable value
Government and Policy

Commerce Ministry recommends lowering limits on import of duty-free alcohol and tobacco, is it contrary to global norms?: Here are the facts

OpIndia Staff -
The Commerce Ministry has reportedly recommended a restriction on the purchase of tax-free alcohol at duty-free shops to one bottle
News Reports

25 tonnes of Quran sent from Saudi Arabia to be auctioned on January 21 at Container Terminal in Kochi

OpIndia Staff -
25000 kgs of Quran to be auctioned at Kochi port after Arabic college refuses to pay import duty to clear it
News Reports

Rajya Sabha passes resolution imposing 200% customs duty on Pakistani goods

OpIndia Staff -
In February 2019, Government of India had decided to impose a 200% customs duty on all the goods imported from Pakistan.
Government and Policy

Union Budget 2019: Govt imposes 10% custom duty on newsprint and 5% on printed books to encourage domestic industry

OpIndia Staff -
The duty would be levied on both the uncoated paper used for printing of newspapers and lightweight coated paper used for magazines.
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