The Directorate General of Customs Valuation has issued a new ruling to determine customs values for old and used mobile phones imported in commercial quantities without packaging and accessories. The ruling, Valuation Ruling No. 2035/2026, dated January 16, replaces the previous Valuation Ruling No. 1893/2024 and is aimed at aligning duties with current international market […]
Import Duties
US lawmakers call for end to Trump’s tariff war with India
US lawmakers have introduced a resolution to end tariffs imposed on India during Donald Trump’s presidency. The move aims to cancel a 50 percent duty and restore Congress’s constitutional role in trade decisions. Lawmakers say the tariffs have harmed economic ties and raised costs. The resolution was presented by Raja Krishnamoorthi, Deborah Ross, and Mark […]
Government slashes import duties on 6,980 items to make goods cheaper
The government has cut import duties and taxes on 6,980 products starting July 1, 2025. This move comes with the new budget and aims to reduce costs for buyers. It covers many items like imported cars, cosmetics, milk, and dairy products. Officials say this step will help both consumers and businesses across the country. For […]