https://www.taxtmi.com/news?id=63867 The government plans a comprehensive simplification of customs focused on customs duty rate rationalisation, procedural streamlining to reduce compliance burdens, and transparency-enhancing measures analogous to income tax. Further tariff reductions are contemplated where rates exceed optimal levels, following earlier eliminations that reduced tariff slabs to eight including a zero rate, with formal announcements anticipated in the upcoming Budget. en-us Sat, 06 Dec 2025 14:46:03 +0530 Sat, 06 Dec 2025 14:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63867 The government plans a comprehensive simplification of customs focused on customs duty rate rationalisation, procedural streamlining to reduce compliance burdens, and transparency-enhancing measures analogous to income tax. Further tariff reductions are contemplated where rates exceed optimal levels, following earlier eliminations that reduced tariff slabs to eight including a zero rate, with formal announcements anticipated in the upcoming Budget. News - Sat, 06 Dec 2025 14:46:03 +0530 https://www.taxtmi.com/news?id=63867