https://www.taxtmi.com/news?id=34918 The Budget 2025 and associated measures eliminate basic customs duty on specified non ferrous metal scrap to lower input costs and boost recycling competitiveness, and introduce minimum recycled content obligations for new non ferrous products alongside tax measures-Reverse Charge Mechanism under GST and a 2% TDS on scrap purchases-to increase transparency. Administrative steps include designation of a metal recycling authority and industry calls to remove remaining duties and extend RCM to e waste and battery waste to formalize supply chains. en-us Sat, 22 Feb 2025 18:16:02 +0530 Sat, 22 Feb 2025 18:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34918 The Budget 2025 and associated measures eliminate basic customs duty on specified non ferrous metal scrap to lower input costs and boost recycling competitiveness, and introduce minimum recycled content obligations for new non ferrous products alongside tax measures-Reverse Charge Mechanism under GST and a 2% TDS on scrap purchases-to increase transparency. Administrative steps include designation of a metal recycling authority and industry calls to remove remaining duties and extend RCM to e waste and battery waste to formalize supply chains. News - Sat, 22 Feb 2025 18:16:02 +0530 https://www.taxtmi.com/news?id=34918