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KOLKATA: The involvement of 500-odd judicial officers – judges in lower courts – from across Bengal in the adjudication of doubtful cases flagged on the voters’ list published in Feb has sharply slowed down the disposal of cases in courts in the state.The overall “clearance rate” of cases in Bengal’s lower courts stood at 62%…
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…
A sharp divide has emerged at the ongoing World Trade Organisation (WTO) ministerial conference in Cameroon over the continuation of the e-commerce moratorium on customs duties, think tank Global Trade Research Initiative (GTRI) said on Saturday, reported PTI.It noted that while the US is pushing for a permanent extension of the moratorium, India and several…
The Central Board of Indirect Taxes and Customs (CBIC) on Friday conducted a hybrid outreach programme in the national capital to familiarise stakeholders with the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI), a key trade facilitation measure announced in the Union Budget 2026-27.The session, organised in New Delhi, brought together senior officials and industry…
NEW DELHI: The Centre stepped in to shield consumers and oil companies from the impact of high crude prices — which have surged 62% this month over Feb for Indian refiners — and slashed excise duty, a move that will leave a Rs 1.3 lakh crore hole for the exchequer.With fuel retailers, including IndianOil, Hindustan…
Despite the sharp rise in global oil prices, retail fuel rates have remained unchanged. (AI image) Petrol and diesel prices have been in focus since the start of the US-Iran war which has led to a huge rise in global crude oil prices. Several neighbouring countries have either raised petrol prices or rationed its use….
As the Middle East conflict continues to disrupt global oil supplies, the Centre has stepped in to ensure better fuel availability for citizens. In a bid to cushion local consumers from the ripples, the government has imposed fresh duties on fuel exports while easing the domestic excise duties. Finance minister Nirmala Sitharaman announced that export…
NEW DELHI: Union petroleum and natural gas minister Hardeep Singh Puri on Friday said the government chose to cut excise duties on petrol and diesel to shield consumers from surging global energy prices amid the ongoing US-Israel-Iran war and disruptions in the Strait of Hormuz. He said the move, reducing petrol duty to Rs 3…
Government has revised its fuel duty structure, lowering the special additional excise duty on petrol to Rs 3 per litre while removing it entirely on diesel. The decision comes against the backdrop of ongoing disruptions in global oil supply chains due to the conflict in the Middle East, where Iran continues to tighten control over…
