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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