New Delhi, July 14 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force on Wednesday, paving the way for cheaper British goods in India while granting Indian exporters near-total duty-free access to the UK market.Under the pact, tariffs on a wide range of British products — including Scotch whisky, gin, chocolates, biscuits and cosmetics — will begin declining from July 15. However, duty reductions for several items will be phased in over the coming years….
Latest Central Board of Indirect Taxes and Customs News & Updates
New Delhi, July 9 (IANS) The government has rolled out more customs duty relief to lower the cost of importing a wide range of components and capital goods used to produce electronic goods such as smartphones and lithium-ion battery manufacturing, in order to promote domestic production of finished products.The Central Board of Indirect Taxes and Customs (CBIC) has issued three separate notifications to roll out the customs duty waiver and expand the list of goods eligible for concessional duty….
New Delhi, July 5 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), set to come into force on July 15, provides duty-free access for 99 per cent of India’s exports to the UK.According to the latest notification from Finance Ministry that set out the rules, a product will qualify as originating in India or the UK if it is wholly obtained in either country, produced entirely from originating materials, or manufactured using non-originating inputs while meeting the product-spec…
Nairobi, June 12 (IANS) Indian High Commissioner to Kenya and Governor of Uasin Gishu County on Friday discussed opportunities for cooperation during the former’s visit to Eldoret “High Commissioner called on the Hon’ble Governor of Uasin Gishu County, Jonathan Bii Chelilim, during his visit to Eldoret,” the High Commission of India in Nairobi wrote on X.“Discussions pertained to opportunities for cooperation between India and Uasin Gishu county within the larger framework of India-Kenya…
New Delhi, April 29 (IANS) India has emerged as a key trading partner for Kenya as bilateral trade grew to $4.31 billion in FY26, while both the countries aim to further strengthen trade and economic cooperation, the government said on Wednesday.Total trade between India and Kenya stood at $4.31 billion in 2025–26, reflecting an increase of 24.91 per cent from $3.45 billion in 2024–25.The 10th session of the India–Kenya Joint Trade Committee (JTC) in Nairobi reviewed the trade ties, which …
Nairobi, April 27 (IANS) The 10th meeting of the Joint Trade Committee of India and Kenya was held in Nairobi on Monday.The meeting was co-chaired by Commerce Secretary of India, Rajesh Agrawal and Principal Secretary for Trade of Kenya Regina Akoth Ombam, the High Commission of India in Kenya stated.Both sides held comprehensive discussions on enhancing bilateral trade, improving market access, addressing tariff and non-tariff barriers, and strengthening cooperation in key sectors, including ph…
New Delhi, April 10 (IANS) The Government of India is continuing its proactive and coordinated response to the evolving situation in West Asia, with the Commerce and Shipping Ministries convening high‑level stakeholder consultations to address emerging logistics, packaging, and shipping‑related challenges impacting India’s trade and export ecosystem, according to an official statement issued on Friday. Two important meetings were held, one under the chairpersonship of the Commerce Secre…
New Delhi, March 31 (IANS) The Central Board of Indirect Taxes and Customs has operationalised comprehensive reforms to streamline e‑commerce exports and courier-based trade, including the removal of the Rs 10 lakh value cap per courier consignment, the government said on Tuesday.The reforms, effective April 1, are expected to significantly boost exports, especially for e-commerce exporters, by allowing greater flexibility in shipment value and enabling seamless exports through the courier mod…
New Delhi, March 28 (IANS) The Central Board of Indirect Taxes and Customs held a hybrid outreach programme on the Duty Deferment Scheme for eligible manufacturer importers to speed clearances, an official statement said on Saturday.The statement from the Ministry of Finance said the scheme allows eligible manufacturer importers to clear goods without upfront duty payment and to pay duties on a monthly basis.Customs officials, representatives from trade bodies, industry, and key stakeholders par…
New Delhi, March 18 (IANS) The government has rolled out a set of customs and logistics facilitation measures to help exporters handle cargo that has been stranded or returned due to the closure of the Strait of Hormuz amid the ongoing Middle East conflict.The measures allow exporters to bring back cargo into the domestic system while easing storage and handling costs, as shipping lines suspend bookings and Gulf ports operate under restrictions due to the Iran war. The steps are aimed at prevent…