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CUSTOMS DUTY RATIONALISATION
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...01 Feb, 2026, 04.53 PM IST- 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...08 Jan, 2026, 07.28 PM IST
- 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 ...06 Jan, 2026, 09.51 AM IST
- India will continue to review & rationalise its trade tariffs: FM SitharamanFinance Minister Nirmala Sitharaman stated that India plans to periodically review and rationalize its customs and anti-dumping duties to b...18 Feb, 2025, 12.45 AM IST
- Budget shield in a new export orderThe budget prioritizes labour-intensive export growth by rationalizing customs duties, supporting small enterprises, and addressing regulat...03 Feb, 2025, 01.00 AM IST
- 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...19 Jan, 2025, 12.46 PM IST
- 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...30 Jul, 2024, 10.59 AM IST
- 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...24 Jul, 2024, 08.27 PM IST
- 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 ...12 Jan, 2024, 10.16 AM IST
- 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 ...28 Jan, 2023, 10.24 AM IST
- 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 ...30 May, 2022, 05.29 PM IST
- 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 ...26 Jan, 2007, 02.38 AM IST
- 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...25 Jan, 2007, 02.31 AM IST
- Budget may herald Customs duty rationalisation for textile industryThe Customs duty structure for textile sector may see some rationalisation in the forthcoming Budget.28 Dec, 2006, 02.35 AM IST
- 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.04 Dec, 2006, 12.04 AM IST
- Customs duty rationalisation in the worksMajor tax reforms, including rationalisation of Customs duties and widening of the service tax net, are on the cards.18 Nov, 2004, 02.20 AM IST
- 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...27 Dec, 2001, 12.58 PM IST
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