Govt Reviews Customs Duty Relief on 118 Goods
The government is reviewing customs duty concessions on 118 products that are set to expire. Ministries and industry stakeholders are giving their views on these exemptions. Goods under review include materials for power projects, and the review is part of work linked to Budget 2027.
Context
Context: Customs duty is a tax on imported goods, and exemptions are temporary breaks that are often reviewed before they are renewed. Budget 2027 is the Union Budget the government prepares for the coming financial year.
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