https://www.taxtmi.com/news?id=39300 India's tariff policy regulates trade, protects domestic industries, and raises revenue while adhering to WTO bound rates. The government uses calibrated tariff reductions-especially on inputs and intermediate goods-to lower production costs and improve competitiveness, corrects inverted duty structures, and pursues Preferential/Free Trade Agreements to reduce customs and non tariff barriers. Recent measures eliminated import duties on inputs for EV battery and mobile phone manufacturing and reduced duties on critical minerals to attract investment, reflecting a balance between protecting domestic producers and enabling international competitiveness. en-us Tue, 01 Apr 2025 14:16:02 +0530 Tue, 01 Apr 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39300 India's tariff policy regulates trade, protects domestic industries, and raises revenue while adhering to WTO bound rates. The government uses calibrated tariff reductions-especially on inputs and intermediate goods-to lower production costs and improve competitiveness, corrects inverted duty structures, and pursues Preferential/Free Trade Agreements to reduce customs and non tariff barriers. Recent measures eliminated import duties on inputs for EV battery and mobile phone manufacturing and reduced duties on critical minerals to attract investment, reflecting a balance between protecting domestic producers and enabling international competitiveness. News - Tue, 01 Apr 2025 14:16:02 +0530 https://www.taxtmi.com/news?id=39300