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Import Duty

India cuts Crude Palm oil import duty

India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world's biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers.

Modi govt waives tax, import duty on life-saving medicines for 5-month-old

Former Chief Minister of Maharashtra Devendra has thanked Prime Minister Narendra Modi after taxes worth over Rs 6 crores on a life-saving drug was exempted by the Centre for a 5-month old girl from Mumbai.

In retaliation to heavy hike in steel tariffs by US, New Delhi increases import duty on 29 items

Taking a stern action against Washington’s cruel move of increasing tariffs on steel and aluminium items, India on Thursday introduced a comprehensive hike in customs duty on a total of 29 products including Bengal gram, lentils, artemia etc imported from the US. The hike in the import duty will come into effect from August 4 of this year.

To pump up Make in India, custom duty on LCD and LED television panels slashed

In a bid to boost local manufacturing, the Centre has cut the customs duty on Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels by half to 5%. In Union Budget, the government had doubled the customs duty on imported LCD and LED TV panels to 15% from 7.5%.

Import Duty on sugar doubled to 100% to boost domestic cane farming

The government has doubled import duty on sugar to 100 percent and raised duty on chana to 40 percent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 percent and on chana is 30 percent.