Stay updated with the latest tariff news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on tariff topics.
NEW DELHI: Spurred by GST 2.0 rate cuts in Sept last year and easier consumer bank lending rates, Indian car market shrugged off geopolitical tensions and concerns around US trade tariffs to close the year at a record 47 lakh units (4.7 million) in FY26, a 9% growth over the 43 lakh units (4.3 million) sold in the previous fiscal.The surge was led by SUVs, which grew their share in total industry sales from an estimated 54% in FY25 to 58% in 2025-26. SUVs have been the biggest focus for the car ...Read More >
New Delhi, Apr 1 (PTI) The government's decision to extend limited duty concessions to manufacturing units in special economic zones (SEZs) for selling goods in the domestic market is a one-time relief measure and not a permanent policy change, finance ministry sources said on Wednesday. The emphasis of these zones is and will continue to remain on exports, they said. The government has provided duty concessions to SEZ manufacturing units for one year till March 2027 for sale of notified goods ...Read More >
MUMBAI: As waiting times and shortages of LPG cylinders continue to rise, Maharashtra Food and Civil Supplies Minister Chhagan Bhujbal has directed relevant government departments, local utilities, and authorities to grant permission for laying piped natural gas (PNG) pipelines within 24 hours. Bhujbal also warned that if local utilities and authorities fail to fulfill their responsibilities, city gas distribution networks will receive deemed permission to proceed with their work without formal ...Read More >
Chennai: With the West Asia crisis impacting the fuel prices and availability, CPI inflation is expected to move up to 4.1 - 4.3 per cent in FY27, find rating agencies. The GDP growth could also ease to 6.5 per cent in FY27 from 7.5 per cent estimated for FY26. The ongoing conflict in West Asia has led to a surge in energy prices and impacted availability, which could lead to higher inflation, impacting consumer demand. The average CPI inflation is anticipated to more than double to 4.3% in FY ...Read More >
New Delhi [India], April 1 (ANI): The credit profile of Indian companies remained resilient in 2025-26 despite a challenging global environment marked by tariff-related disruptions and heightened geopolitical tensions, according to a report by ICRA. The report noted that timely policy interventions by the Government of India, aimed at supporting domestic consumption and sustaining infrastructure investment, helped anchor credit quality and mitigate external headwinds during the year. It stated ...Read More >
New Delhi: With robust tax collections from imports, domestic sales and purchases, India's gross goods and services tax (GST) collections jumped 8.8 per cent year-on-year to cross the Rs 2 lakh crore, registering the third highest monthly collection in the 2025-26 fiscal. At the same time, the net GST revenue for March 2026 stood at about Rs 1.78 lakh crore, posting an annual growth of 8.2 per cent after accounting for refunds, the government said on Wednesday. As per the finance ministry's dat ...Read More >
NEW DELHI: Bihar's power distribution companies have achieved a landmark revenue collection of Rs 19,035 crore during the financial year 2025-26, marking a 12% increase (Rs 1,916 crore) over the previous year. This milestone highlights the success of the state's ongoing power sector reforms. An official stated on Wednesday that this achievement reflects the visionary leadership of Chief Minister Nitish Kumar and the positive impact of the government's citizen-centric policies. The official also ...Read More >
Chennai: The government has allowed Special Economic Zone units to sell in the domestic market at lower customs duties for one year, till March 2027. This offers some relief to exporters during disrupted global trade. The one-time concession is available from Wednesday, April 1. The concessions on customs duty include basic customs duty, Agriculture and Infrastructure Development Cess, and health cess. The concession ranges from 1 per cent to 20 per cent. For goods charged 7.5 per cent and 10 ...Read More >
New Delhi [India], April 1 (ANI): The government's decision to allow Special Economic Zones (SEZs) units to sell in the domestic market has triggered concern among local manufacturers, who fear cheaper SEZ goods could undercut them at home. Finance Ministry sources, however, told ANI that the relief measure comes with a robust three-pillar safeguard framework -- designed specifically to ensure the domestic industry is not disadvantaged. SEZ units already enjoy significant structural advantages ...Read More >
External Affairs minister S Jaishankar and Foreign Secretary Vikram Misri on Monday met Russian Deputy Foreign Minister Andrey Rudenko and discussed ways to further expand their strategic partnership against the backdrop of the West Asia crisis. The meeting comes at a time when Delhi is facing a shortage of energy supply in the wake of the US-Israel-Iran war, which has completed 30 days now. After the meeting, Jaishankar posted on X, "Good to meet Deputy Foreign Minister Andrey Rudenko of Russ ...Read More >
New Delhi [India], April 1 (ANI): The Central Board of Indirect Taxes and Customs (CBIC) has introduced a one-time relief measure allowing eligible manufacturing units in Special Economic Zones (SEZs) to sell goods in the Domestic Tariff Area (DTA) at concessional customs duty rates, in line with the announcement made in the Union Budget 2026-27. According to an official statement from the Ministry of Finance, the relief measure aims to address concerns faced by SEZ manufacturing units due to o ...Read More >
Ranchi: In a move that will affect consumers across the industrial belt, the Jharkhand State Electricity Regulatory Commission (JSERC) on Tuesday announced a revised power tariff for areas served by Damodar Valley Corporation (DVC) for 2026-27.JSERC chairperson Justice Navneet Kumar said, "DVC proposed a 45% tariff hike; however, after a prudent check, the commission approved a 40% hike."DVC is the primary supplier for Dhanbad and Bokaro districts, as well as several parts of Ramgarh, Hazaribag, ...Read More >
New Delhi, Apr 1 (PTI) The Confederation of Indian Industry (CII) on Wednesday welcomed the government's decision to extend the RoDTEP Scheme for all eligible export products till September 30, 2026 and the introduction of a one-time concessional framework for Domestic Tariff Area (DTA) sales by units in Special Economic Zones (SEZs). CII Director General Chandrajit Banerjee said, "Amidst ongoing global trade uncertainty, evolving tariff measures, and persistent supply chain disruptions, busine ...Read More >
New Delhi: The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the Department of Revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases, reduced Agricult ...Read More >
New Delhi, Apr 1 (PTI) GST revenues grew about 9 per cent in March, scaling to the pre-tax cut level of over Rs 2 lakh crore, the third highest monthly collection in the 2025-26 fiscal, buoyed by mop-ups from imports as well as domestic sales and purchases, government data showed on Wednesday. Gross domestic revenues rose 5.9 per cent to over Rs 1.46 lakh crore, while those from imports grew 17.8 per cent to Rs 53,861 crore during the month. The gross Goods and Services Tax (GST) mop-up was Rs ...Read More >
New Delhi, Apr 1 (PTI) The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the department of revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases redu ...Read More >
New Delhi, April 1 (SocialNews.XYZ) The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a special one-time relief measure for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates of duty. The move comes in pursuance of the Union Budget 2026-27 announcement to address the concerns faced by the manufacturing units in the Special Economic Zones (SEZ) due to ongoing global trad ...Read More >
New Delhi, Apr 1 (PTI) The government has announced a one-time special relief measure in the form of certain duty benefits for special economic zones (SEZs), a move which would provide support to units in these enclaves amid global uncertainties. However, the exemption will be available only if the unit in the SEZ had commenced production of goods on or before March 31, 2025, the department of revenue has said in a notification dated March 31. They also have to prove that the goods in respect ...Read More >
New Delhi: The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis. The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and not being reimbursed under any other mechanism at the Centre, st ...Read More >
New Delhi, Apr 1 (PTI) The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis. The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and not being reimbursed under any other mechanism at th ...Read More >
Lucknow: Abdul Kadir, 56, a resident of Chhauchh area of Lakhmipur Kheri, got his smart prepaid meter recharge for Rs 7,300 but still had to remain without electricity for 17 days.After running from pillar to post for over a fortnight, he finally got his connection restored on March 30.Goge (72) of Unnao's Mohan Katra village and his grandson Mohammad Kaif (32) met several officials for over two weeks after which his connection was restored.In Lucknow's Yahiyaganj, power supply to the garment st ...Read More >
(RTTNews) - India shares look set to open on an upbeat note on Wednesday after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline. Risk-on sentiment returned to global markets on optimism that the end of the war lead to a pullback by oil prices and ease inflation concerns. Indian stock markets were closed on Tuesday for Mahavir Jayanti. On Monday, benchma ...Read More >
In a response to the persistent geopolitical uncertainties and supply chain disruptions in West Asia, the Reserve Bank of India (RBI) on Tuesday announced the continuation and expansion of key relief measures aimed at supporting exporters struggling to meet payment realisation deadlines. The central bank said it has been receiving multiple representations from stakeholders highlighting difficulties in adhering to prescribed timelines for the realisation of export proceeds. These challenges are ...Read More >
(RTTNews) - India shares look set to open on an upbeat note on Wednesday after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline. Risk-on sentiment returned to global markets on optimism that the end of the war lead to a pullback by oil prices and ease inflation concerns. Indian stock markets were closed on Tuesday for Mahavir Jayanti. On Monday, benchma ...Read More >
SINGAPORE: India's diesel exports to South-East Asia surged to the highest in more than seven years in March, shipping data showed, as traders pivoted supply to cover short positions and refiners cashed in on higher profits in Asia caused by the US-Israeli conflict with Iran. The surge in exports could boost spot sale margins for Indian refiners who have purchased large volumes of prompt Russian crude to replace Middle East supply disrupted by the conflict. About one million metric tonnes (7.4 ...Read More >
New Delhi: External Affairs Minister S. Jaishankar held a telephonic conversation with Portuguese Foreign Minister Paulo Rangel, focusing on the volatile situation in West Asia and strengthening bilateral ties. In a post on X on Tuesday, Jaishankar said he had "a good conversation" with Rangel. The two leaders exchanged views on the West Asia conflict and discussed ways to enhance cooperation between India and Portugal. This outreach comes amid broader diplomatic efforts to address regional in ...Read More >
New Delhi: Commerce Minister Piyush Goyal has said that consensus-based decision-making is the bedrock of the WTO's legitimacy, as the discussions related to reforms in the global trading system, electronic commerce, TRIPS non-violation and the package for least developed countries (LDCs) will now continue in Geneva. The minister's statement comes after the conclusion of the 14th Ministerial Conference of the WTO at Yaounde in Cameroon on Monday, where he led the Indian delegation. Goyal empha ...Read More >
The Himachal Pradesh Vidhan Sabha on Tuesday adopted a resolution moved by Congress MLA and AICC spokesperson Kuldeep Singh Rathore under a private member's Bill, raising serious concerns on the impact on the Himachal-based apple growers over the proposed Free Trade Agreements (FTA) of India with the US, European Union (EU), and New Zealand. Moving the resolution, Rathore said the issue was not merely related to trade policy but directly affected the livelihoods of over 1.5 lakh apple-growing f ...Read More >
New Delhi [India], April 1 (ANI): External Affairs Minister S Jaishankar held a telephonic conversation with Portuguese Foreign Minister Paulo Rangel, focusing on the volatile situation in West Asia and the enhancement of ties between the two nations. In a post on X on Tuesday, External Affairs Minister S Jaishankar stated that he had "a good conversation this evening with Portuguese Foreign Minister @PauloRangel_pt". He further noted that the two leaders "exchanged views on the West Asia confl ...Read More >
New Delhi: India has removed the ₹10 lakh cap on export by courier firms and enabled the return of uncleared parcels to senders from 1 April, easing shipment constraints and improving turnaround times, the Central Board of Indirect Taxes and Customs (CBIC) said on Tuesday. The changes that were first announced in the FY27 Union budget are part of reforms to strengthen and streamline e-commerce exports and the broader courier-based cross-border trades, the CBIC said. These changes aim to boost ...Read More >
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