Gadgets manufacturer Mi India evaded customs duty of Rs 653 cr, the Finance Ministry said, adding that three show-cause notices have been issued to the company.
Read at
https://www.moneycontrol.com/news/business/xiaomi-india-evaded-customs-duty-of-rs-653-crore-show-cause-notices-issued-finance-ministry-7903771.html
#customsduty #FinanceMinistry #XiaomiIndia #Tax #XiaomiIndia
Read at
https://www.moneycontrol.com/news/business/xiaomi-india-evaded-customs-duty-of-rs-653-crore-show-cause-notices-issued-finance-ministry-7903771.html
#customsduty #FinanceMinistry #XiaomiIndia #Tax #XiaomiIndia
Moneycontrol
Xiaomi India Evades Customs Duty Of Rs 653 Crore, Show Cause Notices Issued: Finance Ministry
By not adding royalty and licence fee into the transaction value, Xiaomi India was evading customs duty being the beneficial owner of such imported mobile phones, the parts and components thereof, the Finance Ministry said.
Govt officials have ruled out any company-specific incentive to Tesla to help import its cars from abroad or set up a production unit in India. Multiple officials told Moneycontrol.
Subhayan Chakraborty ✍️ at
https://www.moneycontrol.com/news/business/officials-rule-out-company-specific-incentives-for-tesla-7934421.html
#customsduty #electricvehicles #ElonMusk #EV #Tesla
Subhayan Chakraborty ✍️ at
https://www.moneycontrol.com/news/business/officials-rule-out-company-specific-incentives-for-tesla-7934421.html
#customsduty #electricvehicles #ElonMusk #EV #Tesla
Moneycontrol
Officials Rule Out Company Specific Incentives For Tesla
Tesla wants the government to reduce the import duty on foreign cars, before it sells its e-vehicles in India. But the Centre is not keen on changing policies for a single company, sources say.
Govt has waived #customsduty on the import of some raw materials, including coking coal & ferronickel, used by the steel industry, a move which will lower the cost for the domestic industry & reduce the prices.
Read at 👇
https://www.moneycontrol.com/news/business/economy/govt-waives-import-duty-on-some-raw-materials-for-steel-industry-export-duty-on-iron-ore-hiked-up-to-50-8552591.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/economy/govt-waives-import-duty-on-some-raw-materials-for-steel-industry-export-duty-on-iron-ore-hiked-up-to-50-8552591.html?utm_source=telegram&utm_medium=social
Moneycontrol
Govt waives import duty on some raw materials for steel industry, export duty on iron ore hiked up to 50%
The tax on the export of iron ores and concentrates has been hiked to 50 per cent, from 30 per cent, while that on iron pellets a 45 per cent duty has been imposed