A Mumbai jeweler received a 30-month prison sentence in the U.S. for evading customs duties on jewelry worth ₹116.55 crore.

Experts believe that gold prices may rise due to global uncertainty, regardless of customs duty changes. Market participants ...

An Indian man who ran jewellery companies in New York has been sentenced to 30 months in prison for evading customs duty for importing jewellery worth more than USD 13.5 million and for illegally ...

Raising supplementary duty and VAT rates will not boost revenue effectively, says Dr Zaidi Sattar, Chairman of the Policy ...

With the Union Budget 2025-26 approaching, expectations arise for a review and possible simplification of Customs duty rates.

Agrochemical makers seek uniform customs duty, GST rationalization, and 200% R&D deduction in Budget for innovative crop ...

There are more than 40 different rates and the government is keen on streamlining the customs duty structure to simplify ...

To reduce classification disputes, the Budget had announced a review of the customs duty rates. Currently, there are more ...

Tax experts predict reduced customs duty on raw materials in key sectors like electronics, healthcare, and footwear in the ...

The Customs department has introduced refund guidelines for payments that were initially successful but ultimately failed due ...