As the Union Budget nears, Corporate India is pushing for a GST-style overhaul of the customs duty regime, seeking simpler slabs, faster clearances, and digitised dispute resolution to boost ease of doing business and support Make in India.
https://english.mathrubhumi.com/multimedia/videos/union-budget-2026-gst-corporate-customs-duty-c7egpvuq?utm_source=dlvr.it&utm_medium=mastodon #UnionBudget2026 #BudgetExpectations #CustomsDuty #GST #TradeAs Budget 2026 approaches, industry players are pushing for GST-style reforms in customs duties, simplified slabs, single-window clearances, and a dispute resolution scheme to unlock Rs 1.52 lakh crore stuck in litigation and strengthen Make in India.
https://english.mathrubhumi.com/multimedia/videos/union-budget-2026-industry-gst-cc2lo288?utm_source=dlvr.it&utm_medium=mastodon #UnionBudget2026 #CustomsDuty #GST #TradeFacilitation #ImportExportUnion Budget 2026-27 may introduce a customs amnesty scheme to resolve Rs 1.52 lakh crore worth of pending disputes and further rationalise customs duty slabs to fix inverted duty structures caused by FTAs.
https://english.mathrubhumi.com/news/money/india-customs-budget-2026-27-amnesty-duty-rationalisation-k7aqhucv?utm_source=dlvr.it&utm_medium=mastodon #UnionBudget2026 #CustomsDuty #AmnestyScheme #IndianEconomy
Trump Tariff Threat: India Cuts Customs Duty on Bourbon Whiskey to 50 Per Cent
INDIA has slashed import duty on bourbon whiskey to 50 per cent as it warmed up to negotiating a mega trade deal with the US. The reduction in customs duty on bourbon whiskey was notified on February 13 just ahead of prime minister Narendra Modi’s talks with US president Donald Trump. However, there has been… <a class="more-link" href="https://www.indiaweekly.biz/bourbon-whiskey-customs-duty-cut-india/">Continue reading <span class="screen-reader-text">Trump tariff threat: India cuts customs duty on bourbon whiskey to 50 per cent</span></a>
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