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  Trump to announce 25 per cent tariffs on steel, aluminium today, other import duties coming

  World | February 10, 2025 8:21 IST

  Donald Trump might also impose reciprocal tariff which means that US would impose import duties on products in cases where another country has levied duties on US goods.

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  Modi government reduces import duty on mobile phone parts to 10 per cent ahead of Budget 2024

  Business | January 31, 2024 13:46 IST

  The revised rate will be applicable to critical components used in mobile phone assembly, including battery covers, main lenses, back covers, and other mechanical items made of plastic and metal.

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  Trump criticises India's 'high export duty on bikes, cars', asks, what will happen if US levies same

  World | August 21, 2023 9:39 IST

  "If India is charging us too, so what I want to have is a -- call it retribution. You could call it whatever you want. If they are charging us, we charge them," Trump said in response to a question.

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  Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 %

  Business | June 15, 2023 22:52 IST

  With the reduction, the effective duty on refined edible oils stands at 13.7 per cent, including cess on social welfare. The effective duty on all major crude edible oils is 5.5 per cent.

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  Big relief for people! Centre exempts basic customs duty on imported drugs to treat rare diseases

  India | March 30, 2023 11:45 IST

  The drugs or medicines generally attract basic customs duty of 10 per cent.

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  Effective import duty on crude palm oil cut to 5.5% to cool edible oil prices

  Business | February 13, 2022 7:39 IST

  Basic customs duty is already nil on crude palm oil (CPO) and now the Central Board of Indirect Taxes and Customs (CBIC) through a notification has cut the agri infra development cess to 5 per cent from 7.5 per cent, effective from February 13.

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  Govt waives import duty on Remdesivir

  India | April 20, 2021 23:03 IST

  The Ministry of Finance, in a notification issued on late Tuesday night, removed the duty on import of pharmaceutical ingredients used to manufacture of the drug.

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  Govt to impose 5% customs duty on import of open cell for televisions from Oct 1

  Business | September 20, 2020 17:00 IST

  A 5 per cent customs duty will be reimposed on the import of open cell for TVs from October 1 following the end of one year exemption period. The government had last year exempted customs duty on open cell, a kep component of TV, for a year till September 30.

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  Budget 2020: Govt likely to raise import duties on over 50 items

  Business | January 25, 2020 8:40 IST

  Finance Minister Nirmala Sitharaman who will be presenting Budget 2020 on February 1 may announce a raise in import duties on more than 50 items.

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  Government scraps 5 per cent import duty on open cell TV panel

  Business | September 18, 2019 11:40 IST

  In a late night notification on Tuesday, the Ministry of Finance said "open cell, (15.6 inch and above), for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panel", would attract nil duty.

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  Govt hikes import duty; smart watches, select communication items to cost more

  Business | October 12, 2018 16:12 IST

  This is the second round of import duty hike after the government on September 26 increased import duty on 19 items.

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  Govt hikes import duties on 19 items; ACs, refrigerators, washing machines to get costlier from today

  India | September 27, 2018 1:04 IST

  The enhanced duty rates, which will make these imported goods expensive, will come into effect from midnight of September 26-27.

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  India hits back at US for tariff hike, raises import duty on certain American products

  Business | June 21, 2018 15:22 IST

  The move was in retaliation to the duty hike by the US on certain steel and aluminium products which had tariff implication of USD 241 million on India. The duty hike by India would have an equivalent tariff implications for the US.

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  India not doing any favour to US by slashing import duties on motorcycles: Donald Trump

  World | February 27, 2018 21:28 IST

  Imported motorcycles from high-end brands, including Harley Davidson and Triumph, are set to get cheaper in India as the government has slashed customs duty to 50 per cent.

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  Donald Trump slams India for high import tariffs on Harley-Davidson

  Business | February 14, 2018 17:27 IST

  Trump, during a discussion with members of the Congress over steel industry, also threatened to increase the tariff on import of Indian motorcycles to the US.

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  Bullion cos welcome gold scheme, unhappy over duty status quo

  February 28, 2015 18:38 IST

  Mumbai: Gems and jewellery players today said the gold monetisation scheme annunced in the Union Budget will increase the supply and help in reducing imports of the precious metal.The industry players, however, expressed disappointment over

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  Ministry seeks hiking of import duty on finished products

  January 22, 2015 17:56 IST

  New Delhi: The mines and steel ministry has sought import duty hike on finished steel products to 10 per cent, besides complete withdrawal of the levy on imports of steel-making inputs such as iron ore

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  Sugar costlier by up to Rs 2 per kg on import duty hike

  June 24, 2014 17:13 IST

  New Delhi: Sugar prices today further rose by up to Rs 2 per kg to Rs 33.40 at the wholesale market in the national capital following a slew of measures by the government including hike

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  Govt likely to raise import duty on refined edible oil to 10%

  September 15, 2013 12:07 IST

  New Delhi:  The Government is expected to raise import duty on refined edible oil to 10 per cent, from 7.5 per cent at present, to protect the domestic oil refining industry.A Cabinet note regarding this

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  Mercedes profits to be hurt by Rupee depreciation and import duty hike

  June 14, 2012 16:06 IST

  Hyderabad, Jun 14: Luxury car maker Mercedes Benz today said the Rupee depreciation coupled with Indian government's measures like increase in import duties on completely built units will hurt the profitability of the company.The company