India: Trade implications of the 2017-18 budget

The concessional withholding tax at the rate of 5%, against 20%, on interest income earned by non-residents or non-resident entities from their commercial borrowings to Indian companies has been ex...

The budget allocation for the year 2017-18 in electronics manufacturing schemes such as the Modified Special Incentive Package Scheme and the Electronic Development Fund has been increased to INR 7...

In order to liberalize Foreign Direct Investment, the Foreign Investment Promotion Board (FIPB) has been decided to be abolished. The FIPB was authorized to provide approvals for certain FDI projec...

The Basic Customs Duty has been reduced on the import of the following products -

• From 10%/7.5% to 5% on imports of "machinery, including instruments, apparatus and appliances, trans...

The exemption limit for duty-free imports of accessories by export manufacturers of leather footwear or synthetic footwear or other leather products is increased from 3% of the Free on Board (FOB) ...

The export duty on aluminium ores, including laterite, has been imposed at 15%. This duty is not applicable on other items falling under the same tariff code.

This duty imposition has been ...

The Special Additional Duty exemption of 4% on import of Populated Printed Circuit Boards (PCBs) used in the manufacture of mobile phones has been withdrawn. A concessional duty at the ra...