customs duty
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India Diverts LPG Feedstock to Address Industry Needs
New Delhi, April 2 The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing.The Ministry of Petroleum... - H
Government Offers Temporary Import Duty Relief on Petrochemicals
New Delhi, April 2 The government on Thursday exempted the import of critical petrochemical products from customs duty for three months until June 30, providing relief to sectors such as pharmaceuticals, chemicals, and textiles, and ensuring supply stability amid the ongoing West Asia crisis... - H
Govt Exceeds Indirect Tax Collection Estimates
New Delhi, April 2 The government has slightly exceeded its indirect tax collection target for fiscal 2025-26, an official said on Thursday.Total indirect tax collection, which includes customs, excise, and GST, as per the Revised Estimates (RE), was set at over ₹15.52 lakh crore for FY26... - H
SEZ Units Receive Duty Relief Amid Trade Disruptions
New Delhi, April 1 – The Central Board of Indirect Taxes and Customs (CBIC) introduced a special, one-time relief measure on Wednesday for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates.This... - H
Fiscal Reforms and Support: Highlights from the New Budget
New Delhi, March 25 – Finance Minister Nirmala Sitharaman stated on Wednesday that the Union Budget includes several "supportive" measures for the middle class and MSMEs, and the government is moving forward with reforms based on conviction and clarity, rather than compulsion.In response to...- Himanshu
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- cesses customs duty debt-to-gdp ratio finance minister nirmala sitharaman fiscal deficit goods and services tax (gst) liberalised remittance scheme (lrs) micro, small, and medium enterprises (msmes) middle class msme support tamil nadu gst tax administration taxpayer compliance trade facilitation union budget 2026
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Customs Duty Payments on ICEGATE Portal Become More Flexible
New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...