India scraps tax exemption on imports of missile parts amid Adani probe - News Summed Up

India scraps tax exemption on imports of missile parts amid Adani probe


The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, Nov 21, 2024. REUTERSThe logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, Nov 21, 2024. "This is the first time the government was specifically putting a blanket exemption on all such missile parts from customs duty, but that decision appears to have been reversed." Adani Group did not respond to Reuters queries on the Oct 9 notice. Since January 2024, it has imported $70 million worth of defence parts from countries such as Canada, Israel and Russia.


Source: bd News24 October 15, 2025 08:45 UTC



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