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Budget 2025 to review customs duties? Let’s be rational with expectations

India Budget: With the Union Budget 2025-26 approaching, expectations arise for a review and possible simplification of Customs duty rates. The aim is to reduce tax rate multiplicity, fix duty inversions, resolve classification disputes, enhance domestic manufacturing support, and re-examine existing exemptions to better align with national priorities.

Read moreBudget 2025 to review customs duties? Let’s be rational with expectations
Source: The Economic Times
The Economic Times
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