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Budget 2026: Rs 1.52 lakh crore locked in Customs disputes; Govt may consider amnesty, duty slab rationalisation

Representative file photo (Budget 2025) With more than Rs 1.52 lakh crore of customs duty locked in litigation, the government may consider introducing an amnesty scheme in the Union Budget for 2026–27 to bring closure to long-pending disputes and provide certainty to businesses, Price Waterhouse & Co LLP said on Thursday, PTI reported.The government could…

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Budget 2026: Customs duty slabs set for big revamp; tariff structure to be simplified

As part of a wider overhaul, the government is also looking to revisit and recalibrate the duty structure governing transactions between special economic zones. (AI image) Budget 2026: The Narendra Modi government is looking to revamp the customs duty slabs and tariff structure in the Union Budget 2026. FM Nirmala Sitharaman is expected to present…

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Jharkhand High Court Strikes Down Excess Electricity Duty, Benefits Industrial Consumers | Events Movie News

Ranchi: The Jharkhand high court has struck down the excess duty charged by the electricity department by virtue of the Jharkhand Electricity Duty (First Amendment) Act 2021. The court has also held the amendment to be ultra vires and has struck it down which will benefit industrial consumers in the state.A division bench of HC…

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‘Failing to do its duty’: SC raps air quality body over Delhi pollution; orders to submit expert report in 2 weeks | India News

NEW DELHI: The Supreme Court on Tuesday pulled up the Commission for Air Quality Management (CAQM) for “failling to do its duty” as the AQI in the national capital remained in ‘poor’ category.“Have you been able to identify the causes of pollution? During all these days, a lot of material is coming in public domain,…

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Tobacco tax fallout: LIC loses Rs 10,445 crore in two days; ITC shares slide 14% after duty hike

India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…

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Tax shock: ITC shares hits 3-year low after cigarette duty hike; what brokers fear next

ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…

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Watch: Moment ‘Call Of Duty’ creator Vince Zampella’s Ferrari crashes in California; bursts in flame

Visuals of car crash (Video/X) A video showing the final moments before a fatal car crash involving Call of Duty co-creator Vince Zampella has gone viral on social media, drawing widespread attention and strong reactions from users online.Several clips circulating online show Zampella driving a Ferrari at high speed moments before the crash. According to…

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