Page 10 - Basic Customs Duty News Today

To submit report by June 8

New Delhi, May 25 Punjab Finance Minister Manpreet Badal on Tuesday called upon the Centre to have “GST with a heart” as he sought a much lower tax regime on goods required to battle Covid ahead of the meeting of the GST Council on Friday. The stage is set for a vigorous discussion on the issue as the call to provide relief on Covid related items has also been endorsed by the finance ministers of West Bengal, Tamil Nadu and Kerala. The Fitment Committee of the GST Council has recommended ag...

‘Green bonds, a sustainable capital option for climate change projects’ May 11, 2021 Need focus on national investment strategy towards low carbon push, says Deepto Roy Green bonds have the potential to provide sustainable capital for climate change projects such as electric vehicles, mass rapid transport systems, water and irrigation management and renewable energy. “While India has seen sustained investment in renewable energy over the last 8-10 years, which has resulted in accelerated ...

May 04, 2021, 11:59 AM IST New Delhi: In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials, for a limited period.  "The Central Government had received a number of representations from charitable organizations, corporate entities, and other Associations/ entities outside India seeking exemption from IGST on the import of Covid-19 relief material (already exem...

Centre announces ad hoc IGST exemption on imports of COVID-19 relief material The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption which starts from Monday. File photo Updated: May 3, 2021, 04:10 PM IST As the second wave of the coronavirus pandemic continues to trouble the country, the Central has exempted IGST or integrated GST on import of goods received free of cost for free distribution of COVID reli...

Govt. gives ad hoc IGST exemption on imports of Covid relief material ​ By IANS | Published on ​ Mon, May 3 2021 15:57 IST | ​ 7 Views   Govt. gives ad hoc IGST exemption on imports of Covid relief material. Image Source: IANS News New Delhi, May 3 : In view of the coronavirus pandemic, the Central Government has exempted IGST or integrated GST on import of such goods received free of cost for free distribution of Covid relief. The exemption is ad hoc and applicable for all specifie...

The exemption is ad hoc and applicable for all specified imports made till June 30, 2021. The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption which starts from Monday. Government had earlier issued notification for exempting Basic Customs Duty and/or Health cess imports of a number of Covid-19 related relief materials, for a limited period. These included Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD), Inflammatory diagn...

For the last two weeks, the government and some transport companies have stepped up efforts to help cope with Co­vid-19 by facilitating the import of essential medicines, vaccines, medical equipment, etc. The finance ministry exempted basic customs duty on import of Remdesivir injections, active pharmaceutical ingredients of Remdesivir, Beta Cyclodextrin (SBEBCD) used in making Remdesivir and specified inflammatory diagnostic (marker) kits till end-October 2021. It also exempted basic customs ...

Basic customs duty on oxygen, vaccines exempted ​ By IANS | ​ 2 Views Johnson & Johnson pauses Covid-19 vaccine trial. Image Source: IANS News New Delhi, April 24 : Centre on Saturday exempted basic customs duty on oxygen, oxygen related equipment and vaccines. The decision comes after the Prime Minister chaired a meeting to review steps taken to boost oxygen availability in the country. In a statement, Ministry of Finance said: "The PM emphasised that there was an immediate need to augm...

981 Tribune News Service New Delhi, April 24 Reeling under an acute medical oxygen supply crisis, India has decided to waive basic customs duty on import of oxygen and related equipment as also on Covid vaccines for three months. Health cess on oxygen and oxygen equipment also stands exempted for three months. The decision was taken at a high-level emergency meeting Prime Minister Narendra Modi chaired on Saturday as reports of critical patients dying for want of oxygen began to pour in from De...