The government has notified the scheme to promote manufacturing of electrically operated passenger vehicles (EVs) in India and issued two notifications 19/2024-Customs and 20/2024-Customs both dated March 15, 2024, exempting the social welfare surcharge and reducing the basic customs duty (BCD) to 15 per cent on imports of EVs falling under the heading 8703… Continue reading New electric vehicle scheme links lower import duty with FDI | Expert Views
Tag: duty
As prices rise, wheat duty cut likely to come under the review again
Wheat prices have once again risen to Rs 2,500 per quintal in the past few weeks, notwithstanding the imposition of stock limits. As a result, traders and market players believe that the long-pending topic of reducing the import duty from 40 per cent to nil is back on the table. Some traders are… Continue reading As prices rise, wheat duty cut likely to come under the review again
Sula Vineyards slips 8% on Rs 116-crore excise duty notice from Maha govt
Shares of Sula Vineyards slipped 8 per cent to Rs 476.30 on the BSE in Wednesday’s intra-day trade after the company received demand notice from the Government of Maharashtra on July 31, 2023. The stock has fallen 11 per cent from its record high level of Rs 534.70 touched on Tuesday, August 1, in the… Continue reading Sula Vineyards slips 8% on Rs 116-crore excise duty notice from Maha govt