Page 2 - Development Cess News Today

The Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess (AIDC) effective September 1.

Basic customs duty will be nil for import of domestic LPG sold to household consumers by state-owned oil marketing companies. The customs duty rate will be 15% for other importers of domestic LPG. The new rates will be effective from July 1.

India levies a 12.5% import tax on refined, bleached and deodorized palm oil

The Karnataka High Court has held that only the Central Government can make provision for prohibiting, restricting, or regulating the import or export of goods or services, or technology and not the...

Change to have an impact of around USD 14 billion

Change to have an impact of around USD 14 billion

Samvaad Budget 2023: Get Union/ Rail Budget Live Debates / Speech by Nirmala Sitharaman with Rajat Sharma in Mega Conclave at India TV News

The Indian gold and diamond industry reacted cautiously to the Union Budget 2023-2024 proposals for the critical sector and rued that they expected "more" from Finance Minister Nirmala Sitharaman.World Gold Council Regional CEO ...

While the Centre has given a digital boost for the gold sector, in terms of tax relief there is nothing for the sector, said an official of World Gold Council's Indian Chapter."While the reduction in custom duty on gold from 12.5 per cent ...

India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold....