 "Make in India, clean energy dictate customs & excise duty changes in Budget")
Balancing multiple government objectives, including promoting clean energy, curbing non-essential imports, boosting domestic manufacturing and raising revenue, FM Nirmala Sitharaman announced a slew of changes in Customs duty in the 2019-20 Budget presented on Friday.
Customs duty was cut on several inputs to incentivise domestic production and increased on finished products to garner additional revenues. Import duty has been cut under nine heads to provide a level playing field to reduce cost, especially in clean energy segment and raw materials, and increased under 36 heads to provide level playing field to domestic players.
“On the Customs side my
Customs duty was cut on several inputs to incentivise domestic production and increased on finished products to garner additional revenues. Import duty has been cut under nine heads to provide a level playing field to reduce cost, especially in clean energy segment and raw materials, and increased under 36 heads to provide level playing field to domestic players.
“On the Customs side my
