https://www.taxtmi.com/news?id=25031 The Customs administration for SEZs will become fully IT-driven with the Customs National Portal emphasising facilitation and risk-based checks. The Government will phase out concessional rates on capital goods and project imports in favour of a moderate tariff while retaining targeted exemptions for advanced machinery not made domestically and certain specialised components. Over 350 customs exemption entries will be removed and several concessional rates consolidated into the Customs Tariff Schedule to simplify the structure, reduce disputes, and prioritise duties that support domestic manufacturing under Make in India and Atmanirbhar Bharat objectives. en-us Tue, 01 Feb 2022 13:46:53 +0530 Tue, 01 Feb 2022 13:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25031 The Customs administration for SEZs will become fully IT-driven with the Customs National Portal emphasising facilitation and risk-based checks. The Government will phase out concessional rates on capital goods and project imports in favour of a moderate tariff while retaining targeted exemptions for advanced machinery not made domestically and certain specialised components. Over 350 customs exemption entries will be removed and several concessional rates consolidated into the Customs Tariff Schedule to simplify the structure, reduce disputes, and prioritise duties that support domestic manufacturing under Make in India and Atmanirbhar Bharat objectives. News - Tue, 01 Feb 2022 13:46:53 +0530 https://www.taxtmi.com/news?id=25031