India Import Tax Rate
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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
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Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
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Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
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Maharashtra State Bats For Tesla Over Import Tax On EVs
Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla
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Explained: How Fuel Prices Are Calculated In India
What is affecting fuel prices right now and how are fuel prices calculated in India? We break it down for you.
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
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Budget 2020: Nirmala Sitharaman's Budget Has Farming, Infra Focus; Street Disappointed
Finance Minister Nirmala Sitharaman, in the longest-ever Budget speech, unveiled a new tax regime, abolished dividend tax for companies, announced a 16-point plan to boost agriculture and signalled record spending in agriculture to pull the economy out of its worse slump in more than a decade. Vowing to boost the income and purchasing power of citi...
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Corporate Tax Cut Important For Investments: Chief Economic Adviser Krishnamurthy Subramanian
The government has undertaken a number of measures to arrest the slowdown in growth. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent. It also lowered the tax rate for new manufacturing companies to 15 per cent to attract new foreign direct investments.
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Festival Cheer Fails To Push Demand For Gold As Prices Remain High
Gold futures were trading around Rs 38,100 per 10 grams on Friday after hitting a record high of Rs 39,885 last month. Gold prices have risen more than 21 per cent so far in 2019. Dealers offered discounts of up to $20 an ounce on official domestic prices this week, slightly down from a discount of $21 last week. The domestic price includes a 12.5 ...
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GST Rates Cut On Hotel Room Tariffs, Tax Hiked On Caffeinated Drinks
Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India.
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India Stocks Poised For Biggest Jump in a Decade on Tax Cuts
The move follows announcements over the past month to boost consumer demand, bolster imports and attract investments into the country.
-
Price Surge Means 'Hell' For Gold Sales As Demand Ebbs
The government increased the import tax on gold in July, which pushed domestic prices to an all-time high of Rs 38,666 per 10 grams last week.
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Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...
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What Oil At $50 A Barrel Means For India, World Economy
Energy slump is a game changer for India and could mean the Reserve Bank of India shifts to a neutral outlook, says Bloomberg Economics.
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Target iPhones, Not Rates, To Support Rupee, Says Adviser To PM Modi
The government on Wednesday raised import taxes on $12 billion of goods, from jewelry to footwear, as it sought to pare the current-account deficit from a five-year high. Electronic goods and gold are among India's biggest imports after oil and the rupee's slide to Asia's worst-performing currency has worsened the nation's finances as economic grow...
-
Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
-
Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
-
Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
Maharashtra State Bats For Tesla Over Import Tax On EVs
Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla
-
Explained: How Fuel Prices Are Calculated In India
What is affecting fuel prices right now and how are fuel prices calculated in India? We break it down for you.
-
Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
-
Budget 2020: Nirmala Sitharaman's Budget Has Farming, Infra Focus; Street Disappointed
Finance Minister Nirmala Sitharaman, in the longest-ever Budget speech, unveiled a new tax regime, abolished dividend tax for companies, announced a 16-point plan to boost agriculture and signalled record spending in agriculture to pull the economy out of its worse slump in more than a decade. Vowing to boost the income and purchasing power of citi...
-
Corporate Tax Cut Important For Investments: Chief Economic Adviser Krishnamurthy Subramanian
The government has undertaken a number of measures to arrest the slowdown in growth. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent. It also lowered the tax rate for new manufacturing companies to 15 per cent to attract new foreign direct investments.
-
Festival Cheer Fails To Push Demand For Gold As Prices Remain High
Gold futures were trading around Rs 38,100 per 10 grams on Friday after hitting a record high of Rs 39,885 last month. Gold prices have risen more than 21 per cent so far in 2019. Dealers offered discounts of up to $20 an ounce on official domestic prices this week, slightly down from a discount of $21 last week. The domestic price includes a 12.5 ...
-
GST Rates Cut On Hotel Room Tariffs, Tax Hiked On Caffeinated Drinks
Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India.
-
India Stocks Poised For Biggest Jump in a Decade on Tax Cuts
The move follows announcements over the past month to boost consumer demand, bolster imports and attract investments into the country.
-
Price Surge Means 'Hell' For Gold Sales As Demand Ebbs
The government increased the import tax on gold in July, which pushed domestic prices to an all-time high of Rs 38,666 per 10 grams last week.
-
Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...
-
What Oil At $50 A Barrel Means For India, World Economy
Energy slump is a game changer for India and could mean the Reserve Bank of India shifts to a neutral outlook, says Bloomberg Economics.
-
Target iPhones, Not Rates, To Support Rupee, Says Adviser To PM Modi
The government on Wednesday raised import taxes on $12 billion of goods, from jewelry to footwear, as it sought to pare the current-account deficit from a five-year high. Electronic goods and gold are among India's biggest imports after oil and the rupee's slide to Asia's worst-performing currency has worsened the nation's finances as economic grow...
