What are tariffs? Here's everything you need to know about the import duties.
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
Budget rationalises customs tariff rates to 8; keeps effective duty at same level
The government of India has simplified basic customs duty rates by reducing the number of levies to eight. While the ...
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FAQs on Customs Duty, Tariff Rationalization & Duty Changes by Budget 2025
This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Duty (BCD) is levied on imported ...
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Customs Duty Overhaul: Minimal Impact on State Transfers
CBIC Chairman Sanjay Kumar Agarwal announced that changes in customs duty rates and shifts to AIDC will have minimal ...
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Budget 2025-26 Customs Proposals: Key Changes
To promote development of domestic MROs for aircraft and ships, the July 2024 Budget extended the time limit for export of foreign origin goods that were imported for repairs, from 6 months to one ...
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Customs Duty Shift Marginal Impact on State Transfers: CBIC
The shift of basic customs duty (BCD) to AIDC will have a marginal impact on state transfers, with a total of Rs 4,000 crore ...
Customs duty has come down, rationalisation could help address bad optics: CBIC chairman
Agrawal highlighted that the recent Budget focused on four key areas: supporting domestic manufacturing and value addition, ...