• 

  Gold, silver imports to get costlier as govt hikes customs duty to 15%

  Business | May 13, 2026 6:58 IST

  Prime Minister Narendra Modi has urged citizens to avoid purchasing gold for the one year in an effort to help conserve the country's foreign exchange reserves. India meets nearly its entire domestic gold demand through imports.

• 

  Budget 2024: Mobile tariff may further increase in India due to THIS announcement

  Technology | July 23, 2024 17:01 IST

  Finance Minister Nirmala Sitharaman made an announcement during the presentation of the union budget that can lead to further increases in mobile tariffs in the country.

• 

  Government increases import duty on gold and silver findings, precious metal coins to 15 per cent

  Business | January 23, 2024 12:11 IST

  The increase in the import duty, effective January 22, is aimed at regulating imports and supporting the domestic economy.

• 

  Big relief for people! Centre exempts basic customs duty on imported drugs to treat rare diseases

  India | March 30, 2023 11:45 IST

  The drugs or medicines generally attract basic customs duty of 10 per cent.

• 

  Centre waives off customs duty on cotton imports till September 30

  Business | April 14, 2022 7:45 IST

  CBIC announced the exemption from customs duty and Agriculture Infrastructure Development Cess on cotton imports in a notification.

• 

  Budget 2021: Govt may tweak customs duties on several goods

  Business | January 28, 2021 12:08 IST

  India's most-awaited budget is just a week away. Finance minister Nirmala Sitharaman will unveil the Budget 2021-22 on February 1. Meanwhile, sources have told PTI that the government may tweak customs duties on several goods to promote domestic manufacturing and exports.

• 

  Govt mulls basic customs duty of 20% on solar equipment

  Business | June 23, 2020 17:47 IST

  ​The government is considering basic customs duty of around 20 per cent on solar energy equipment to provide an edge to domestic manufacturers and discourage imports, particularly from China.

• 

  Will govt hike customs duty on imported Chinese products? CAIT approaches govt

  Business | June 21, 2020 17:54 IST

  The Confederation of All India Traders (CAIT) has amplified its call to boycott Chinese imports, listing out as many as 500 items that the traders' body wants to do away with. Importantly, CAIT has also approached the Central government, seeking hike in customs duty on imported Chinese products.

• 

  Govt considers customs duty hike on products amid stand-off with China

  India | June 18, 2020 22:18 IST

  The government is considering hiking customs duty on a number of products, mainly imported from China, amid ongoing border tensions with the neighbouring country, a source said.  

• 

  Govt exempts customs duty, health cess on ventilators, surgical masks, PPE, Covid-19 test kits

  India | April 09, 2020 23:17 IST

  The government on Thursday exempted customs duty and health cess on ventilators, surgical masks, PPEs and COVID-19 test kits amid the ongoing coronavirus crisis in India.

• 

  Budget 2019: Bad news for middle class as gold gets costlier; details here

  Budget | July 05, 2019 20:53 IST

  Finance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.

Advertisement
• 

  Revenue intelligence agency serves arrest warrant to Nirav Modi for evading customs duty

  India | June 24, 2018 18:49 IST

  The warrant was issued by a court in Surat in Gujarat after he failed to appear before it in connection with the case, officials said.  

• 

  iPhones to get costlier in India due to 5 per cent increase in customs duty

  Technology | February 05, 2018 19:20 IST

  On Thursday, Finance Minister Arun Jaitley while presenting the Union Budget 2018-19 announced an increase in customs duty on mobile phones from 15 to 20 percent

• 

  TV sets, microwaves to cost more after govt hike on customs duty

  Business | December 19, 2017 15:51 IST

  Customs duty on television sets, imported smartphones, LED lamps has been increased while tax on import of microwave ovens has been doubled.

• 

  Govt raises customs duty on some electronic items including TV by 5%

  Business | December 15, 2017 14:57 IST

  As per a government notification, customs duty on television set has been increased to 15 per cent from the existing 10 per cent.

• 

  Bullion cos welcome gold scheme, unhappy over duty status quo

  February 28, 2015 18:38 IST

  Mumbai: Gems and jewellery players today said the gold monetisation scheme annunced in the Union Budget will increase the supply and help in reducing imports of the precious metal.The industry players, however, expressed disappointment over