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Import duty News

19 Feb 2024

Government Official States No Plans To Reduce Import Duty On Rubber

The country has more than 1.3 million rubber growers, with Kerala being a significant contributor to production, which totaled 8.39 lakh tonnes in the 2022-23 fiscal year.

31 Jan 2024

Budget 2024: Govt Cuts Import Duty For Parts Used in Mobile Phones

Ahead of Budget 2024, revised import duties apply to various parts, including battery covers, main camera lenses, back covers, and other plastic and metal mechanical items, as well as GSM antennas.

13 Dec 2023

Government Not Considerate On Slashing Duties On Importing Electric Vehicles

No duty cuts expected for importing electric vehicles; government focuses on production-linked incentives for auto industry with Rs 25,938 crore budget.

26 Jun 2023

India To Remove Retaliatory Customs Duties On Eight US Products

In 2018, the US imposed an import duty of 25 percent on steel products and 10 percent on certain aluminum products on grounds of national security.

union budget 2023

01 Feb 2023

Union Budget: Govt to cut Import Duty on raw Material for lab-grown Diamonds

Budget 2023: FM gives major announces major sop for the common man.

29 Nov 2021

BMW India to launch 3 electric cars, requests govt to lower import duties

BMW iX SUV, i4 sedan and MINI electric to launch in 6 months BMW says reducing duties will create EV demand in India India imposes 100 percent duty on fully imported cars

27 Jan 2020

Budget 2020: Import duty cut likely on raw material for fertiliser industry

In a bid to boost domestic manufacturing, the government is likely to go ahead with cut in import duty on raw material used in the fertiliser industry, sources said, adding that lower import duty on raw material like rock phosphate and sulphur used for manufacturing of DAP (Di ammonium phosphate) would help boost domestic production and cut in import bill.

06 Feb 2018

Govt doubles import duty on sugar to 100%, hikes chana to 40%

Presently, customs duty on sugar is 50% and that on chana is 30%.

Crude oil prices

14 Sep 2016

Import duty may get decreased by 5% on crude and edible oils

11 Jun 2016

Govt may rollback import duty on wheat: Ram Vilas Paswan

Government may scrap the 25 percent import duty on wheat if prices continue to rise, Food Minister Ram Vilas Paswan said on Friday.

Medical devices industry

10 Mar 2016

Industry opposes import duty hike on medical devices

Medical devices industry has strongly opposed the government's proposal to increase the import duty, saying it will increase healthcare costs for patients and hurt the Rs 50,000-crore industry.

16 Feb 2016

SIAM says no to import duty cut in EU FTA; Volkswagen in favour

With steps being taken up to resume India-EU FTA talks, automobile industry body SIAM Tuesday asked the government not to give in to the 28-nation bloc's demand to reduce import duties on fully-imported cars, even as German car maker Volkswagen came out in favour of such a cut.

10 Feb 2016

Govt may exempt import duty on used cooking oil: Gadkari

To encourage use of alternative fuel, the government is contemplating withdrawing import duty on used cooking oil for conversion into bio-diesel which will help curb pollution, Union Minister

05 Oct 2015

Import duty hiked on ghee, butter, butter oil

The government on Monday raised the import duty on three related products - ghee, butter and butter oil - from 30 to 40 percent with immediate effect, owing to a steep fall in global prices.

08 Sep 2015

India mulls safeguard duty on steel imports

The government is likely to soon impose safeguard duty on imports of certain types of steel as it has found prima-facie evidence that surge in imports is hurting domestic producers.

07 Aug 2015

Govt imposes 10% import duty on wheat

Government on Friday imposed 10 percent import duty on wheat till March 2016 to curb shipments and liquidate poor quality grains lying in FCI godowns.

24 Jul 2015

No decision yet on slapping import duty on wheat: Govt

The government on Friday said it has not yet taken a decision to impose duty on wheat imports.

17 Jun 2015

Govt raises import duty on selected steel products by 2.5%

In a much needed relief for domestic producers, the government has increased the basic customs duty (BCD) on certain long and flat steel products by 2.5 percent.

02 May 2015

Govt shelves duty free import scheme for raw sugar

The scheme has been withdrawn also to prevent leakages in domestic markets.

02 Apr 2015

Alarmed by China 'dumping', Minister bats for higher duty on steel

The steel ministry has asked its finance counterpart to raise import duty on the metal amid serious concerns of the industry over "dumping" from China.

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