Tag Archives: Import duty

Deferred payment of import duty allowed to certain Improter

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 135/2016-Customs (N.T.) New Delhi, dated the 2nd November, 2016 G.S.R. (E)––In exercise of the powers conferred by proviso to sub-section (1) of section 47 of the Customs Act, 1962 (52 of 1962), the Central Government permits the following… Read More »

Import duty on wheat Increased from 10% to 25%

In a bid to check cheap imports, the Centre on Monday raised the import duty on wheat to 25 per cent till March next year, its second increase in three months. “In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of… Read More »