Latest News, Updates & Breaking Headlines
NEW DELHI: Justice B V Nagarathna, part of the CJI Surya Kant-led nine-judge Supreme Court bench hearing the core issue of ‘fundamental rights vs faith and belief’, on Tuesday observed that a person who doesn’t believe in a religion and its religious practices had no right to file petitions challenging their validity.As senior advocate V…
Mumbai: IDFC First Bank has joined a small club of private lenders offering a unified rail for all major tax payments after going live on the ICEGATE 2.0, completing its coverage across direct tax, GST and now customs duty and moving close to the intersection of banking and trade compliance.The addition fills a gap in…
More than five tonnes of gold remain held up at customs without clearance. (AI image) Banks have put a pause on fresh import orders for gold and silver from overseas suppliers. Large quantities of gold and silver are stranded at customs, as a formal government notification permitting bullion imports has yet to be issued, according…
NEW DELHI: The Centre on Thursday stepped in with fresh measures to help industry beat the impact of higher input costs by fully exempting 40 petrochemical products from customs duty for three months, while indicating that more measures are in the offing as the war in West Asia has hurt global trade and economy. “The…
As energy supply disruptions due to the ongoing Middle East conflict stretch into a second month, the government has moved to cushion the impact on domestic industries by granting a full customs duty exemption on select critical petrochemical products, providing much-needed short-term relief. The decision, which will be applicable until June 30, will address supply…
When you look at the British Royal family, you see the ultimate display of polish and poise. But behind those palace gates, life is governed by a set of rules that are—to put it mildly—a bit eccentric. While some of these traditions are about security, others are just passed on from ages. Here we list…
CBIC Chairman Vivek Chaturvedi (File photo- ANI) The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, a top official said on Thursday.Addressing a media interaction in…
India’s 2026 Baggage Rules: Are UAE Travellers Finally Getting a Fair Deal? India has introduced a major overhaul of its customs baggage rules for 2026, bringing changes that will significantly benefit international travellers, especially UAE residents, Indian expats (NRIs) and tourists of Indian origin flying into the country. These changes come into effect from February…
Finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman, presenting her ninth consecutive Union Budget on Sunday, announced several major healthcare measures, including customs duty waivers on 17 cancer drugs and duty exemptions for medicines for seven rare diseases. The finance minister highlighted India’s economic stability, fiscal discipline, and sustained growth under the Narendra Modi-led NDA…
File photo: Union finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on February 1, with expectations centred on tax reforms, a revamp of the customs duty structure and measures to support economic growth amid heightened geopolitical uncertainty. The Budget is also expected to outline a clear…
