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Budget 24-25: Customs duty reforms will help manufacturing and promote exports
New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more
Textile-leather industry hopes for revised inverted duty structure in new Budget
An inverted duty structure discourages domestic manufacturing by imposing higher import duties on raw materials and intermediate goods compared to finished products. Read more
Raise basic custom duty on aluminum scrap to curb imports: Industry
As part of its Budget 2021 suggestions, the Indian aluminium industry has sought Government intervention to curb imports by raising the basic custom duty on primary aluminum and scrap imports to 10 per cent from current 7.5 per cent and 2.5 per cent respectively.Read more