Tag: Customs Duty
Indirect tax mop-up tops FY26 target, but pan masala cess misses the mark
New Delhi: The government has marginally exceeded its indirect tax collection target for 2025–26, buoyed by steady inflows from customs, excise and GST, even as…
SEZ units can sell locally at lower duty for one year
New Delhi: In a relief to exporters, India has announced a one-time relief measure for units in special economic zones (SEZ), allowing them to sell…
India allows eligible manufacturers to defer customs duty payments from April 1; aims to boost liquidity and exports
The Central Board of Indirect Taxes and Customs (CBIC) on Sunday introduced a new scheme that will allow certain manufacturers to delay payment of customs…
India’s FY26 tax collections remain weak, FY27 may be a different story: CareEdge Ratings
New Delhi: The central government’s tax collections have remained weak so far in the ongoing financial year 2025-26 (FY26), with growth significantly lower than budgeted…
Over Rs 1.52 lakh cr locked in Customs disputes; govt may look at amnesty scheme in FY27 Budget
New Delhi: With over Rs 1.52 lakh crore of customs duty locked in litigations, the government could look at the possibility of an amnesty scheme…
31 customs notifications consolidated into 1 to enhance Ease of Doing Business
In a step towards simplification, transparency, and enhancing Ease Of Doing Business, the Central Board of Indirect Taxes and Customs (CBIC) consolidated 31 separate Customs…