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Representative image (Generated by AI) India has allowed a duty concession on imports of only 5 lakh tonnes of dried distillers’ grains (DDGS) from the US under the first phase of the bilateral trade pact, an official told PTI stressing that the volume is equivalent to about 1 per cent of the country’s total consumption.The…
Ishaan Khatter may be out of the Oscar race with his film ‘Homebound’ failing to score a nomination in the Best International film category, but the actor has hit a major personal milestone. He is now a proud owner of a luxury home in the upscale Pali Hill neighbourhood of Bandra. Ishaan Khatter buys new…
NEW DELHI: India and the United States on Saturday announced the framework for an interim trade agreement that will sharply cut US tariffs on Indian goods while easing duties on several American food and agricultural products entering India. The agreement marks a de-escalation of months of trade tensions and sets the stage for a broader…
NEW DELHI: You can loosen your purse strings a little more abroad. Travellers flying into India will now have enhanced duty-free limit, which for resident Indians has been hiked from Rs 50,000 to Rs 75,000. What’s more, duty-free import of one laptop for passengers above 18 years has now been allowed under Baggage Rules, 2026,…
Commerce Secretary Rajesh Agrawal (Photo-PTI) The Budget FY27 proposal to allow Special Economic Zone (SEZ) units to sell goods in the domestic market at concessional duty rates is expected to boost import substitution and generate employment, Commerce Secretary Rajesh Agrawal said, adding that detailed operational guidelines will be rolled out in the next two to…
Shopping overseas? Duty cut feeds import impulse Shopping overseas will cost you less from April as the amount of tax you pay on foreign goods to get them to India is getting reduced. The budget has proposed to lower the tariff rate (basic customs duty) on all dutiable goods imported for personal use from 20%…
After the new excise duty regime kicked in, cigarette prices have gone up, with a pack of 10 sticks now costing at least Rs 22–25 more than before.This follows the government’s decision to raise taxes on cigarettes for the first time in nearly seven years, bringing India’s tobacco taxation closer to global public health norms….
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…
Smokers will have to pay more for cigarettes from February 1, as the Centre rolls out a new excise duty regime based on cigarette length, along with a health cess on pan masala and tobacco products. The move marks the first major tax increase on cigarettes in nearly seven years and aligns India’s tobacco taxation…
New Delhi: The benefits of lower duty access for passenger vehicles will flow to European Union’s “traditional” carmakers, providing further comfort to domestic players as the market opening up is for vehicles priced above Rs 25 lakh and for specific numbers.Under the agreement, India will grant an annual quota of 1.6 lakh diesel and petrol…
