Customs Duty

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Mukherjee admits fuel hike has hit commoners

New Delhi, Mar 17 (ANI): Finance Minister Pranab Mukherjee has admitted that the hike in fuel price has affected the life of the middle class families and lower income groups.Finance Minister Pranab Mukherjee has admitted that the hike in fuel price has affected the life of the middle class families and lower income groups.
“I do [...]

Budget reduces duties on life saving drugs

New Delhi, July 6 (ANI): The basic customs duty on influenza vaccine and nine specified life saving drugs used for the treatment of breast cancer, hepatitis-B and rheumatic arthiritis, on the bulk drugs used for the manufacture of such drugs, has been reduced from 10 per cent to 5 per cent.

Announcing this while presenting [...]

Customs duty on LCD TVs slashed to 5 percent

New Delhi, July 6 (IANS) The government has reduced the customs duty on liquid crystal display (LCD) television sets from 10 percent to 5 percent, Finance Minister Pranab Mukherjee said here Monday.
Presenting the union budget for 2009-10, the minister also said a nominal 5 percent customs duty has been imposed on set-top boxes (STB) as [...]

Drug cos alerted on swine flu ‘pandemic’

Mumbai, June 12 Drug companies have been put on the alert, with the World Health Organisation pushing the pandemic button on influenza A (H1N1), commonly known as swine flu.
India on Friday confirmed its 16th swine flu case, even as the WHO raised its alert on swine flu to level 6, the first in 40 years.
The [...]

Swine flu drug exempted from customs duty

New Delhi, May 27 (IANS) Customs duty on imported Tamiflu, the drug used for the treatment of H1N1 influenza or swine flu, has been lifted to create adequate stocks of the medicine in the country, the government said Wednesday.
In an order dated May 21, the Central Board of Excise and Customs issued an exemption order [...]

US slaps tariffs on Canadian lumber

Washington – The United States on Tuesday slapped import duties on Canadian lumber, the latest twist in a long-running trade dispute between the two neighbours.
US trade representative Ron Kirk said that the US would impose a 10-per-cent customs duty on one of Canada’s key exports until the United States has collected 54.8 million dollars [...]