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The Indian government announced a zero customs duty policy on the import of goods needed for nuclear power projects to enhance the economic viability of such projects. This policy, effective until 2035, aims to reduce project and electricity generation costs, facilitating quicker execution of nuclear projects, especially those involving foreign
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The Central Board of Indirect Taxes and Customs (CBIC) announced the introduction of a deferred Customs Duty payment scheme for Eligible Manufacturer Importers (EMIs) as per the Union Budget 2026-27 directives. This facilitation scheme allows trusted manufacturers to postpone duty payment to better manage cash flow, operational from 1st April
Customs Duty
The Indian government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils, including sunflower, soybean, and palm oils, from 20% to 10%. This change aims to alleviate rising edible oil prices and inflation, encouraging domestic refining and ensuring that consumers benefit from lower retail prices. The