https://www.taxtmi.com/news?id=27682 Customs Duty reforms provide targeted duty exemptions and reductions to support domestic manufacturing, deepen local value addition and enhance export competitiveness. Measures include exemptions and cuts on specified medicines and medical equipment, critical minerals and selected electronic components; sectoral duty adjustments and exemptions for seafood, leather and textiles to boost exports; changes to precious metal and base metal duties to encourage domestic value addition and lower production costs; and a planned comprehensive review to rationalise and simplify the duty structure. en-us Tue, 23 Jul 2024 13:46:13 +0530 Tue, 23 Jul 2024 13:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27682 Customs Duty reforms provide targeted duty exemptions and reductions to support domestic manufacturing, deepen local value addition and enhance export competitiveness. Measures include exemptions and cuts on specified medicines and medical equipment, critical minerals and selected electronic components; sectoral duty adjustments and exemptions for seafood, leather and textiles to boost exports; changes to precious metal and base metal duties to encourage domestic value addition and lower production costs; and a planned comprehensive review to rationalise and simplify the duty structure. News - Tue, 23 Jul 2024 13:46:13 +0530 https://www.taxtmi.com/news?id=27682