Indian manufacturers upset over zero duty on imported masks and gloves
4 years, 9 months ago

Indian manufacturers upset over zero duty on imported masks and gloves

Deccan Chronicle  

Hyderabad: While there is zero duty for masks and gloves for importers but those who make these products in India will have to pay goods and services tax ranging from 5 to 11 per cent. Indian manufacturers of masks and gloves are very upset that no import duty will be levied on these items while they pay goods and services tax ranging from 5 to 11 per cent. Rajiv Nath, forum coordinator of Association of Indian Medical Devices Industry said, “We understand that there is a shortage of masks, gloves, personal protection equipment and other medical devices in India. Indian manufacturers have been urging that good quality, safety regulations and judicious price controls of medical devices will make health care affordable and accessible to thousands in the country.

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History of this topic

Reduce tariffs on manufacturing inputs for electronics: ICEA
6 months, 1 week ago

Reduce tariffs on manufacturing inputs for electronics: ICEA

The Hindu  

The Indian Cellular & Electronics Association, which represents domestic electronics manufacturers, called on Tuesday for a reduction of import duties as a key Union budget demand. Pankaj Mohindroo, the ICEA’s President, argued against the relatively high tariffs India imposes on manufacturing inputs — China and Vietnam’s tariffs apply on fewer components and are of lower rates — saying that domestic …

Government to consider correcting inverted duty structure in key sectors
1 year ago

Government to consider correcting inverted duty structure in key sectors

Live Mint  

New Delhi: The Centre will likely address the inverted duty structure affecting domestic manufacturing in key sectors such as textiles, leather, and engineering goods in the upcoming budget, two people aware of the matter told Mint. The finance ministry will likely consult federal think tank Niti Aayog, which is examining tax issues including the inverted duty structure in the engineering, …

India to waive import duty on Covid-19 vaccines: Report
3 years, 8 months ago

India to waive import duty on Covid-19 vaccines: Report

India Today  

India will waive its 10 per cent customs duty on imported Covid-19 vaccines, a senior government official told Reuters on Monday, as it tries to boost supplies to counter a dramatic surge in coronavirus cases. Imports of Russia's Sputnik V vaccine are due to arrive soon and the government has also urged Pfizer, Moderna and Johnson and Johnson to sell …

Govt exempts customs duty, health cess on ventilators, surgical masks, PPE, Covid-19 test kits
4 years, 9 months ago

Govt exempts customs duty, health cess on ventilators, surgical masks, PPE, Covid-19 test kits

India TV News  

The government on Thursday exempted customs duty and health cess on ventilators, surgical masks, PPEs and COVID-19 test kits amid the ongoing coronavirus crisis in India. "In the context of Covid-19 situation, considering the immediate requirement of ventilators and other items, the Central Government has granted exemption from basic customs duty and health cess, on the import of these goods, …

India bans export of all kinds of respiratory masks
4 years, 11 months ago

India bans export of all kinds of respiratory masks

Live Mint  

India on Friday banned exports of all kinds of personal protection equipment, including clothing and masks used to protect people from air borne particles. "Exports of all varieties of personal protection equipment including clothing and masks used to protect the wearer from air borne particles and/or any other respiratory masks or any other personal protective clothing.is hereby prohibited with immediate …

Budget 2019: India's foreign trade industry seeks tax sops, support for R&D
5 years, 6 months ago

Budget 2019: India's foreign trade industry seeks tax sops, support for R&D

India Today  

As Finance Minister Nirmala Sitharaman prepares to present her first Union Budget on July 5, trade associations involved in import and export want the government to take several steps to boost India's cross border trade. The Federation of Indian Export Organisations also urged a review of the Section 35 of Income Tax Act to provide tax deduction not only on …

GST To Be Paid On Supply Of Indigenous Goods To Duty-Free Shops At International Airports: MP HC [Read Order]
6 years ago

GST To Be Paid On Supply Of Indigenous Goods To Duty-Free Shops At International Airports: MP HC [Read Order]

Live Law  

The Madhya Pradesh High Court has held that Goods and Services Tax is payable on supply of indigenous goods to duty-free shops at international airports.The bench comprising Justice Satish Chandra Sharma and Justice Virender Singh observed that duty free shops at international airports in India cannot be said to be located outside India.A manufacturer and exporter of garments. The bench …

Looming crisis
6 years, 3 months ago

Looming crisis

The Hindu  

The knitwear industry in what is perhaps India’s most resilient town, Tiruppur, is gasping for survival. Exports from Tiruppur, which accounts for about 50 per cent of the total knitwear exports from India, were growing around 10 per cent annually until about last year. One responded with disbelief, wondering if this was a question at all: “You are in India, …

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