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Tag: Customs Duty

Budget Specifies Customs Duty Change On Several Items
Budget Specifies Customs Duty Change On Several Items

Cashew nuts will become cheaper as import duties have been cut from 30 per cent to 2.5 per cent. Duties on coral has been reduced from 30 per cent to free.

Customs duty hike on mobile phones set to hurt consumers

New Delhi: In a bid to protect domestic smartphone manufacturers, Finance Minister Arun Jaitley on Thursday hiked customs duty on mobile phones to 20 per cent from 15 per cent — a move that will force foreign players to pass on the burden to consumers. “Customs duty on import of mobile phone parts will be […]

coal mines
Mines closure caused customs duty loss in Odisha

Bhubaneswar: Impacted by mines closure in the state, customs duty collection in April-December period this year in Odisha has declined to Rs 1,353.76 crore from Rs 2,306.81 crore in the same period in the previous fiscal.