Tag: Custom Duty

New Delhi: Hitting back at the Trump administration for withdrawing trade privileges for certain Indian goods, the Indian government on Saturday raised custom duty on various items, including walnut and apples, exported from the US. In a late evening notification, the Union Finance Ministry said that the decision was taken in public interest. The higher […]

New Delhi: With an aim to reduce imports along with spurring domestic production, Finance Minister Nirmala Sitharaman has proposed to raise custom duty on over 70 items in the full Budget 2019-20. Traditionally, the governments adjust custom duties to protect domestic industry and sometimes to allow cheaper raw material imports to spur manufacturing sector. In […]