customs duty – TODAY NEWS

12,000 crore duty demand from Skoda VW not arbitrary: Customs department tells court – The Times of India

polite3 weeks ago01 mins

MUMBAI: The customs department stuck to its stand on its demand of Rs 12,000 crore duty from Skoda Auto Volkswagen India, saying it wants to bring the company in line with the law and with other auto importers, who are paying the same 30% duty on such imports. Additional Solicitor General N Venkatraman said the…

Union Budget 2025: Customs duty for fully built 1,600cc bikes cut to 30% – The Times of India

polite1 month ago01 mins

The Budget slashed customs duty not just for big motorcycles with engines above 1,600cc, but even in case of smaller ones, offering relief to those buying imported Honda, Suzuki, Ducati and KTMs. The fully built units will now face 40% customs duty instead of 50% earlier. For 1,600cc motorcycles and above, customs duty was cut…