Meanwhile, parts of open cells of LED TVs have been exempted from custom duties. Vachani said this is also a step in the direction towards encouraging manufacturing of LCD and LED TV open cell ...

Customs duties on waste and scrap of lithium-ion battery, as well as waste and scrap of lead, zinc and cobalt powder were also scrapped. "This will help secure their availability for manufacturing ...

An economic expert, David Ambi, has said that policy uncertainty in Nigeria could hinder the Nigeria Customs Service ... N6.58 trillion as its revenue target for 2025. The National Assembly ...

The FM also announced the setting up of a National Manufacturing Mission covering ... “The proposals for personal Income Tax will put more money in the hands of people thus fuelling consumption ...

College Bids Emotional Farewell To 23-Year-Old Graduate Set to Embrace Monkhood The Finance Minister added that the announcement in the Union Budget of reducing customs duties aims at making cheap ...

will be exempted from customs duty. The move is likely to help the local manufacturing efforts of foreign companies such as Apple and Xiaomi. Sitharaman also announced a National Manufacturing ...

The largest source of government income is Borrowing and Other Liabilities, the second-largest source is Income Tax, which makes up 22 per cent of the revenue ... per cent Customs Duties (tax ...

In 2024, the Nigeria Customs ... food imports and tax updates, which are central to the mandate of the NCS. The NCS, along with other key agencies such as the Federal Inland Revenue Service ...

Hence, the decision to reduce import duties is being viewed as a positive gesture towards the US. However, as per Finance Minister Nirmala Sitharaman, the adjustment of custom duties was ...

President Donald Trump signed executive orders imposing duties on imports: 25 percent on products from Canada (10 percent on ...

"To provide relief to patients, especially those suffering from cancer and rare diseases, I propose 36 life-saving drugs in fully exempted custom duties," Ms Sitharaman said while presenting her ...

Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...