customs duties

Commerce Minister Piyush Goyal On Tesla Entering Indian Market: 'Won't Tailor Laws'. (Photo: Bleeping Computer)Tesla seeks a tariff waiver, aiming to deduct 70% customs charge on less than $40,000 (Rs 33,07,176) vehicles and 100% on pricier ones.Commerce and Industry Minister Piyush Goyal stated that India will not modify its policies to accommodate US electric car manufacturer Tesla.Instead, its laws and tariff regulations will be designed to entice global manufacturers of all-electric vehicles to establish a base in the…

The presidential candidate of the Labour Party in the 2023 elections, Peter Obi, has called on the federal government to urgently address the impact of inconsistent customs duties on businesses in Nigeria. In a post on X, a microblogging platform, Mr Obi highlighted how arbitrary and ever-increasing charges are creating a hostile business environment for business owners. He noted that a crucial issue being faced by importers who base their calculations on a specific exchange rate at the initiation of importation…

India will strongly oppose continuation of moratorium on customs duties on e-commerce trade at the WTO's meeting in Geneva next month as it is adversely impacting the developing countries, an official said.The official said allowing the moratorium to lapse is important for developing nations to preserve policy space for their digital advancement, to regulate imports and generate revenue through customs duties.The World Trade Organisation (WTO) members have agreed not to impose customs duties on electronic transmissions…