A flat rate of Goods and Services Tax (GST) of 12% is to be introduced for both footwear and textiles (except for certain cotton products) as of 1 January next year. More
Details of a new scheme aimed at refunding the import duty paid on inputs for items later exported have been announced by the Ministry of Commerce and Industry (MCI). More
Certain imported electronic circuitry items must now be registered via the Chip Import Monitoring System (CHIMS), the government’s dedicated online tracking portal. More
The country’s newly-launched Compliance Information Portal (CIP) is intended to provide free access to customs procedures and regulatory compliance requirements for importers and exporters, with a view to streamlining the cross-border trade process. More
Under the terms of a revised rail services deal, Nepal and India have agreed that all of India’s freight services will be allowed to convey freight to, from and around Nepal. More
The United States Trade Representative's (USTR) office has imposed 25% punitive tariffs on certain imports from India and five other countries. The tariffs, announced on 2 June 2021, were at the same time suspended for six months. More
India’s Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification with regard to recent amendments to the regulatory requirements governing the import of raw materials and finished goods by manufacturers. More
