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Monday, November 4, 2024
TopicCustoms duty

Topic: customs duty

Indian art abroad struggles to come home—tax trouble, red tape, and endless wait at customs

The government’s recent decision to revoke a customs duty exemption on Indian art was the central topic of a panel discussion at DAG in Delhi this week.

After uproar over hike in Budget, govt reverts to 10% customs duty on lab chemicals, with 1 condition

The condition is that importers now have to give an undertaking that they will only supply labs. How this affects the supply chain remains to be seen.

Govt chooses 3 anti-cancer drugs for concessions — but list of life-saving costly medicines is long

Three drugs given customs duty waiver this week are all by a single drugmaker, it has been pointed out. Oncologists say concession basket needs to be extended.

Govt decision to remove tax on drugs & food to treat rare diseases could benefit 70-90 million Indians

Finance ministry announces exemption from basic customs duty. Cost of some medicines used to treat rare diseases ranges from Rs 10 lakh to Rs 1 crore, says govt.

By slashing import duties on edible oils, Modi govt torpedoing its boat of farm reforms

ThePrint view on the most important issues, instantly.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.