customs duties

As per the 2015-20 trade policy, whose provisions were extended till March 31 this year, import of gifts was free in case of goods that are otherwise freely importable under India’s foreign trade classification norms. Any other imports…

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Commerce secretary BVR Subrahmanyam on Wednesday said that there is a fair amount of understanding between the commerce and industry ministry, and finance ministry that duty cuts help exports. Budget 2022-23 has reduced customs duties on…

NEW DELHI : The Union budget for FY23 may introduce a raft of changes to customs duties as the government leans on tariff rationalization to promote local manufacturing, a person aware of the discussions said.…