Customs Duty News
Finance ministry orders probe after trading firm threatens to stop operations
The social media posts by the firm, Wintrack Inc., which deals in electronic items and accessories, triggered a social media discussion on alleged corruption in customs clearance.
2 min read2 Oct 2025FTA to bring modest dip, not a steep dive, prices of UK spirits
Industry analysts suggest the immediate impact on retail prices will likely be modest, with reductions estimated between single digits and 10-15%, largely because import duties currently make up only 10-15% of the total shelf price.
3 min read25 Jul 2025Gold duty evasion fight turns into a game of whack-a-mole
After the last budget plugged tax evasion via platinum alloy, shipments of gold compounds that can be refined to extract the yellow metal have accelerated
4 min read12 Jun 2025Stay open: Customs mustn’t let its green channel turn red
The task of catching ‘import carriers’ and other evaders of customs duty at airports shouldn’t add friction to the process of entering India. Refrain from policy overreach and revise rules that are relics of a closed economy.
3 min read2 Jun 2025Centre eyes tighter customs rules to curb smuggling by ‘import carriers'
Import carriers–who may masquerade as regular Indian tourists going abroad, some may even have special privileges–smuggle in goods beyond permissible limits or which may be banned in the country.
5 min read30 May 2025Akshaya Tritiya 2025: Looking to buy gold on auspicious day? See if Dubai or India gives you better rates
As we near the auspicious day of Akshaya Tritiya, you may be considering buying gold on the occasion. Check here to compare gold prices in Dubai and India to see which gives you better rates after GST and customs duty is added.
4 min read30 Apr 2025India to streamline customs processes with South Africa, Singapore, UK to boost trade
The CBIC seeks to sign agreements to mutually recognize the country-specific accreditation programmes in India and these countries for their accredited exporters, importers, and logistics players.
4 min read10 Apr 2025SC extends criminal law safeguards to GST, Customs Act
A three-judge Supreme Court bench ruled that individuals accused under GST and customs laws would be entitled to the same legal protections as those accused under criminal law.
3 min read27 Feb 2025India slashes customs duty on bourbon whiskey to 50% amid mega trade deal with US
India has slashed the customs duty on bourbon whiskey to 50 per cent amid the mega India-US trade deal. There has been no reduction in basic customs duty on the import of other liquors.
1 min read14 Feb 2025Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts
A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies like China's TCL and India's Dixon.
4 min read3 Feb 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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