Department Of Revenue

Govt again extends deadline to impose higher customs duties on 29 US products till 2 November

The duty hike move by India was in retaliation to US President Donald Trump's 9 March decision to impose heavy tariffs on imported steel and aluminium items

Govt raises customs duty on TV, mobile phones, water heater to give a push to domestic manufacturing

As per a govt notification, customs duty on television set has been increased to 15 percent from existing 10 percent

The Indian government has imposed 10 percent basic custom duty on mobile phones

The government has imposed a 10 percent basic customs duty (BCD) on cellular mobile phones and specified parts of cell phones like charger, battery etc.

GST: Union govt starts Twitter handle to answer queries related to new tax regime

The Union government started a new Twitter handle to answer industry queries related to the Goods and Services Tax (GST) proposed to be implemented from 1 July

GST Council official says number of tax slabs should reduce over time to just one or two

The officers of the Department of Revenue and officials concerned of state governments have already started an outreach programme to create general awareness among the people at large and stakeholders in particular.

Government of India turns down Apple's demands for tax incentives

The Department of Revenue has said no to the tax incentive demand of US-based iPhone maker Apple, which wants to set up a manufacturing unit in the country.

Govt changes excise duty structure on branded diesel, no change in retail price

Branded diesel will now be charged at 14 percent of refinery gate price of the fuel plus Rs 5 per litre or Rs 10.25, whichever is lower, according to notification issued by Department of Revenue in the finance ministry.

Niira Radia's firms to be prosecuted: SFIO tells SC

In an affidavit filed before the apex court, SFIO said that Ministry Of Corporate Affairs (MCA) has granted sanction and filing of prosecution against the companies is under process.