Custom Duty

Apple's demands for sops on custom duty rejected by the government

Apple's demands to seek custom duty rebate on imported equipment for making iPhones in India, has been rejected by the government

Indirect tax mop up grows 26% to Rs 4.08 lakh crore in Apr-Sept

Indirect tax collections during the first half of the current fiscal grew 25.9 per cent to Rs 4.08 lakh crore mainly on account of 46 per cent jump in excise duty mop up.

Bharti Airtel to pay Rs 700 cr for unpaid customs duty?

Bharti imported mobile telecom equipment by splitting the value of the equipment into hardware and software. The case was over "undervaluation of the imported goods and non-inclusion of the value of software in the imported goods.

Indirect taxes up just 3.9 percent in April-June quarter

Indirect tax mop up inched up by 3.9 percent in the April-July quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting a slump in manufacturing activity. <br />

Budget 2012: Brace yourself for costlier PCs, mobiles and laptops

As the Union Budget 2012 wheeled to an end, yesterday, one the nation's most followed events drew collective ...

Indian GP: We have in-principle approval from customs, says JPSI

JPSI today said they have an in-principle approval from the customs department for creating a customs bonded area for F1 equipment that will be temporarily imported to India. However, customs dept said exemption cannot be granted to JPSI since the F1 race is not an event of national importance.