import duty

Huge Setback For Elon Musk: Govt Refuses To Provide Tax Incentives For Making Tesla Cars In India; What Next? Bringing an end to a long drawn tussle between Elon Musk and the Indian government, the latter has said that it will not lower…

Three local companies are already supplying parts to Tesla. Tesla is reportedly in discussions with three Indian auto component suppliers as it looks to enter the Indian market. The Parts In Question It is looking for critical…

This figure is twice as high as in China and 7 times higher than the US.  India has become the top country in terms of import duty imposed on Covid-related goods. India levies the highest import duty on pandemic-related…

LED TVs Will Become Cheaper As Import Duty Removed By Govt; TV Makers Are Happy! We have great news for manufacturers of television sets - import duty on open cell LED TV has been discarded! This means there will be a definite boost…

Once the units are imported from Vietnam, they can be assembled in India, and hence, no need for a full-fledged production unit in India. Hundreds of jobs can be slashed, and this can be a big setback for Make in India vision.

Latest data proves that India is now world’s 2nd largest mobile manufacturing nation in the world, behind only China. Meanwhile, in a bid to push Make in India initiatives, and to encourage more local manufacturing, Indian Govt. has…

Union Budget for 2018 has been delivered, and the changes announced will determine the future of business and economy; of salaried employees and consultants; of businesses and corporates. The budget 2018 analysis reveals some very…

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.…

In a big boost for importers in India, Central Board of Excise and Customs (CBEC) has decided to make all cargo and custom clearances to go paperless effective 2017. This will bring down the dwell time (time required to clear a cargo at…

The Indian Government has been aggressively pushing Make in India and Digital India initiatives since 2014 and all a lot of global manufacturers are setting up their manufacturing units in India, including Chinese manufacturers like…