GSTnews item27 December 2016

Budget 2017: Peak custom duty may be cut to 7%

News Update

Budget 2017: Peak custom duty may be cut to 7%

Published Date: Dec 28, 2016
Source: ICAI PD Committee
A suggestion to harmonise the peak customs duty on industrial goods at 7%, concrete steps aimed at doubling farm income by 2022 and shifting labour-intensive economic activity to the formal sector figured prominently as Prime Minister Narendra Modi met economists and sector-experts, ahead of the Budget 2017-18, reportsfe Bureau in New Delhi.
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