GSTnews item24 March 2021
Duty revisions after Oct to come with sunset clause, says FM Sitharaman
News Update
Duty revisions after Oct to come with sunset clause, says FM Sitharaman
Duty change notifications post October 1 will come with a sunset clause after the government meets stakeholders in April on rationalising customs and anti-dumping duty, said Finance Minister Nirmala Sitharaman on Wednesday. Sitharaman, during a discussion on the Finance Bill in the Rajya Sabha, said she had announced in the budget that the government would rationalise any duty brought against dumping over the years. Anti-dumping duty notifications announced over decades did not have an end date and continue. The government will meet stakeholders from April 1 to review such duties.
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