20 hours ago · Under India’s Union Budget 2025-26, announced on February 1, 2025, the central government proposes eliminating seven additional customs tariff rates for industrial goods, following the removal of seven tariffs in 2023-24 (announced in the previous budget speech on July 23, 2024).This reduces the total number of tariff slabs to eight, including a zero rate.

21 hours ago · India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially leading to higher imports from the United States, a senior finance ministry official said.

3 days ago · Donald Trump has begun a tariff war by imposing whopping duties on Canada, China and Mexico. However, the US president has skipped India for now, despite criticising its tariff structure in the past. Wary of being Trump’s next target, officials in New Delhi are preparing a response plan. Moreover, the Union Budget 2025, cut import duties on certain products that could benefit Washington

Press Release for the 5th Joint Group of Customs (JGC) meeting between India and Bhutan was held on 6th-7th May, 2024 in Leh, Ladakh - regarding. Passing-Out-Parade of 73rd Batch of IRS (C&IT) Officers at NACIN Palasamudram. Chairman CBIC Sh. Sanjay Kumar Agarwal at the Passing-Out-Parade of 73rd Batch of IRS (C&IT) Officers at NACIN Palasamudram

5 hours ago · India's average import tariffs, including AIDC, are much higher than those of major trading partners including the United States, China and Japan, the official acknowledged. Advt "We can't take a giant step. We have to take baby steps," Agarwal said, referencing India's strategy of gradually reducing tariffs to temporarily protect domestic ...

Jan 12, 2024 · In 2023-24 Annual Budget, India raised tariffs for private jets, helicopters, plastic goods, jewelry, high gloss paper, and vitamins. The Customs Info Database tariff look-up tool on trade.gov is available to estimate duties and taxes.

4 days ago · Despite repeatedly criticising India’s tariff structure, Trump’s first executive order to impose trade tariffs did not mention India, signalling that bilateral trade negotiations may be on the cards later this month when Prime Minister Narendra Modi is scheduled to visit the US.

3 days ago · India's government has significantly reduced import tariffs across a range of goods, signaling an end to protectionist measures. This move aims to avoid trade retaliation from the US while making India a more competitive and open economy. The average tariff rate has dropped to 10.66%, underlining India's commitment to integrating into global supply chains.

Tariff rate, applied, simple mean, all products (%) - India World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database.

India has enacted significant changes in the classification of goods under the India Customs Tariff Act, effective January 1, 2022, that will affect duty rates and exemptions.