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CUSTOMS DUTY RATIONALISATION
Textile sector: Time for a relook as tariff tantrum may soon be history? 5 textile stocks with upside potential of up to 27%The Indian textile and apparel sector has had a stressful year. The US tariffs disrupted orders to the sector’s largest market, squeezed ma...- HSN classification muddle raises costs for battery storage sectorThe industry has sought separate HSN codes, an approved manufacturer list and tighter local content norms, along with clarity on customs du...
- India’s gross GST collections hit record Rs 2.42 lakh crore in April, up 8.7%April saw India's Goods and Services Tax collections soar to an impressive Rs 2.42 lakh crore, showcasing an 8.7% growth from the previous ...
- Union Budget 2026: Customs duty rationalisation to help boost exports, promote manufacturing, say expertsBudget 2026-27's customs duty rationalization is set to boost exports and domestic manufacturing by lowering costs for key sectors like cle...
- Over Rs 1.52 lakh cr locked in Customs disputes; govt may look at amnesty scheme in FY27 BudgetPrice Waterhouse & Co suggests the government consider an amnesty scheme in the 2026-27 Budget to resolve over Rs 1.52 lakh crore in custom...
- Budget 2026: 3 big changes India needs to solve the customs mazeUnion Budget 2026: India's customs framework needs a comprehensive overhaul to navigate global trade shifts and protectionism. Budget 2026 ...
- Budget shield in a new export orderThe budget prioritizes labour-intensive export growth by rationalizing customs duties, supporting small enterprises, and addressing regulat...
- Budget FY26: Govt could cut customs duty on raw materials to boost manufacturingUnion Budget: The government could lower customs duties on raw materials for sectors like medical equipment, electronics, and footwear in t...
- Budget 2024 misses mark on comprehensive custom duty rationalisation, say expertsThough Finance Minister Nirmala Sitharaman made multiple announcements regarding custom duties, experts say it could have made a comprehens...
- Customs duty structure review to focus on reducing number of rates: Revenue SecretaryThe government plans to streamline customs duty rates, aiming to reduce them from about a dozen to five, according to Revenue Secretary San...
- Need to rationalise customs duties in certain sectors: OfficialNormally, customs duties or tariffs are used as a policy tool to ensure a higher level of protection for certain sectors to boost domestic ...
- Top US advocacy group submits Budget wish list, seeks rationalisation of tax systemThe forum advocated for a stable and predictable tax environment, more improvements in ease of doing business, rationalisation of the cost ...
- Revenue loss due to customs duty rationalisation in iron, steel and plastic seen at Rs 10K-15K crThe government is expecting a revenue loss of Rs 10,000-15,000 crore as a result of the recent customs tax recalculation on iron and steel ...
- Budget 2013: OPPI looking for rationalisation of customs duty to 5% for formulationsAt present, BCD on formulations is 10% (other than specified drugs, life saving drugs, vaccines and bulk drugs for which the BCD rate is 5%...
- Power min seeks to streamline dutiesThe ministry of power has called for rationalisation of duties in the power sector. It has suggested reducing excise duty from the present ...
- Power ministry for rationalisation dutiesThe ministry of power has called for rationalisation of duties in the power sector. It has suggested reducing excise and countervailing dut...
- Budget may herald Customs duty rationalisation for textile industryThe Customs duty structure for textile sector may see some rationalisation in the forthcoming Budget.
- Rationalise taxes above peak rates & cut 0% Customs duty'The Confederation of Indian Industry (CII) has urged the government to reduce peak Customs duty to 10% from 12.5% in next year’s Budget.
- Customs duty rationalisation in the worksMajor tax reforms, including rationalisation of Customs duties and widening of the service tax net, are on the cards.
- Customs duty rates likely to be rationalisedA MAJOR time-bound Customs duty reform is likely to be kicked off in the coming budget. The present set of duty rates is likely to be ratio...
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