GSTnews item28 June 2019

Customs regime may be tweaked to boost make in India, exports

News Update

Customs regime may be tweaked to boost make in India, exports

Published Date: Jun 29, 2019
Source: ICAI PD Committee
India is likely to revamp its customs duty regime, weeding out some exemptions and correcting inverted duty structures to give a boost to the government’s Make in India manufacturing initiative as well as exports. It is also considering easing of procedures for industry such as anonymous assessments and speedier clearances, while taking steps to curb evasion.
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