Custom Duties

Chinese smartphone company Xioami has been charged with evading custom duty and taxes worth Rs 653 crore for three years, from 2017-2021. In a development reported by the Finance Ministry’s Directorate of Revenue Intelligence (DRI) on…

Made In India Smartphones Will Become Costly As Excise Duty Hiked By 2.5%; Exports Will Be Spared The prices of mobile phones manufactured in India are going to increase slightly in the new year. The price hike is the result of the…

Central Board of Excise and Customs (CBEC) has made some sweeping changes in the customs duty framework, for imported items. If you are a shopper who uses foreign online shopping portals such as AliExpress, ThinkGeek and others, then be…

Apple is now behaving like that spoilt brat, who is adamant on getting what he desires - by hook or by crook. After a series of demands for establishing domestic production units, Apple has now thrown in another set of demands from…

After the legalities of GST (Goods and Services Tax) has been taken care of, it’s the turn of technicalities to be handled. And going by Government of India’s firm steps towards achieving it, GST is all set to be implemented effective…

Update: There seems to be a lot of confusion and questions in regards to whether or not custom duties are completely removed. From what we understand, the standard custom duties which are applicable to goods will still be applicable.…