https://www.taxtmi.com/news?id=32664 Central tariff policy reform reduces complexity by consolidating basic customs duty bands into eight rates, including a zero rate, and lowering the national average customs rate toward ASEAN levels. Statutory slab reductions are paired with cess adjustments that in many cases keep effective duties unchanged while simplifying administration. Budget measures provide targeted duty reliefs on critical minerals and on waste and scrap to support domestic manufacturing, recycling, and integration into global supply chains. en-us Mon, 03 Feb 2025 14:31:03 +0530 Mon, 03 Feb 2025 14:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32664 Central tariff policy reform reduces complexity by consolidating basic customs duty bands into eight rates, including a zero rate, and lowering the national average customs rate toward ASEAN levels. Statutory slab reductions are paired with cess adjustments that in many cases keep effective duties unchanged while simplifying administration. Budget measures provide targeted duty reliefs on critical minerals and on waste and scrap to support domestic manufacturing, recycling, and integration into global supply chains. News - Mon, 03 Feb 2025 14:31:03 +0530 https://www.taxtmi.com/news?id=32664