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May 28 , 2023 COSCO SHIPPING Lines and OOCL Fleets Improve Supply Chain Service Efficiency            May 28 , 2023 Dedicated Freight Corridor achieves milestone of running 1 lakh trains            May 28 , 2023 Forex reserves dip $6.1 billion to $593.48 billion            May 27 , 2023 PSA acquires stake in Sotrans Group, A leading logistics provider, Forming a strategic partnership with ITL Corporation            May 27 , 2023 E-Commerce to get tax refunds at par with other exports : DGFT            May 27 , 2023 Mawani : Dammam added to MSC’s India to South Africa Service            May 27 , 2023 SMP Kolkata plans to invest Rs 4,000 cr by 2030 to expand capacity : Chairman            May 27 , 2023 Union Minister – MoPSW visits Indian Register of Shipping in Mumbai            May 27 , 2023 Snowman Logistics records annual revenue of INR 417.65 crores            May 27 , 2023 R Dinesh takes over as CII President            
Latest News

PSA acquires stake in Sotrans Group, A leading logistics provider, Forming a strategic partnership with ITL Corporation

May 27 , 2023

E-Commerce to get tax refunds at par with other exports : DGFT

May 27 , 2023

Mawani : Dammam added to MSC’s India to South Africa Service

May 27 , 2023

SMP Kolkata plans to invest Rs 4,000 cr by 2030 to expand capacity : Chairman

May 27 , 2023

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DST News

Customs duty hike on dozens of items probably in the upcoming Union Budget 2023-24

January 25 , 2023

NEW DELHI: Budget 2023: The Government has zeroed in on dozens of products across sectors — including aviation, electronics, steel and industry — for possible customs duty hike in the Budget for FY24 to curb “non-essential imports” and improve local production, official sources told. Products such as private jets and helicopters, select consumer electronics products, plastics, certain iron & steel products, jewellery and leather could witness higher duties.
At the same time, the Government is also weighing proposals for duty cuts in some cases, especially to ensure smooth imports of raw materials. The Commerce Ministry has suggested that the import duty on gold and certain other products in the gems and jewellery sector be trimmed to boost exports of finished products.
In the last Budget, the Government had raised the import duty on gold to 15% from 10.75%. 
The “rationalisation” of import duties is also being contemplated to correct the inverted duty structure where raw materials are taxed at a higher rate than the finished goods.
The proposed duty changes are based on the suggestions of various Administrative Departments to the Finance Ministry.

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