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Searched Tag: import

The Finance Ministry of India has announced an increase in import duties on gold and silver findings, as well as coins of precious metals, raising the rate from the existing 10% to 15%.

India raises import duty on gold, silver jewellery findings

January 24, 2024, 12:48 PM - 2 min read

The elevated import duty on gold and silver findings includes a Basic Custom Duty (BCD) of 10%, coupled with a 5% Agriculture Infrastructure Development Cess (AIDC), as stated in an official notification. Notably, this adjustment is exempt from the Social Welfare Surcharge (SWC).

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The govt has relaxed the norms of sifting IT hardware from special economic zones to domestic markets.

Norms relaxed, shift of used IT hardware from SEZ's to domestic markets

January 2, 2024, 11:58 AM - 2 min read

"Import policy of used IT assets (laptops, desktops, monitors, printers) from SEZ to DTA has been notified," director general of foreign trade stated.

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