https://www.taxtmi.com/news?id=15790 Adjustment of customs and excise duties is proposed to incentivise domestic value addition by altering tax rates and simplifying procedures for inputs, raw materials, intermediaries and components to reduce costs and improve competitiveness. The proposal targets priority sectors including IT hardware, capital goods, defence production, textiles, mineral fuels and oils, chemicals and petrochemicals, paper and newsprint, and aircraft and ship repair through tariff and procedural changes to encourage domestic manufacturing value chains. en-us Mon, 29 Feb 2016 13:28:04 +0530 Mon, 29 Feb 2016 13:28:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15790 Adjustment of customs and excise duties is proposed to incentivise domestic value addition by altering tax rates and simplifying procedures for inputs, raw materials, intermediaries and components to reduce costs and improve competitiveness. The proposal targets priority sectors including IT hardware, capital goods, defence production, textiles, mineral fuels and oils, chemicals and petrochemicals, paper and newsprint, and aircraft and ship repair through tariff and procedural changes to encourage domestic manufacturing value chains. News - Mon, 29 Feb 2016 13:28:04 +0530 https://www.taxtmi.com/news?id=15790