TARIFF RATE ON ALL DUTIABLE GOODS IMPORTED FOR PERSONAL USE TO BE REDUCED FROM 20% TO 10%

TARIFF RATE ON ALL DUTIABLE GOODS IMPORTED FOR PERSONAL USE TO BE REDUCED FROM 20% TO 10% https://www.taxtmi.com/news?id=69423 Tariff and customs proposals reduce the tariff on personal imports from 20% to 10% and exempt basic customs duty on 17 medicines while adding seven rare diseases for duty exemption of drugs, medicines and Food for Special Medical Purposes. Procedural reforms extend AEO duty deferral from 15 to 30 days, grant the same facility to eligible manufacturer importers, extend advance ruling validity to five years, enable factory to ship electronic sealing, automate clearance notifications for trusted importers, and shift warehousing to an operator centric, risk based model. en-us Sun, 01 Feb 2026 14:07:25 +0530 Sun, 01 Feb 2026 14:07:24 +0530 TaxTMI RSS Generator TARIFF RATE ON ALL DUTIABLE GOODS IMPORTED FOR PERSONAL USE TO BE REDUCED FROM 20% TO 10% https://www.taxtmi.com/news?id=69423 Tariff and customs proposals reduce the tariff on personal imports from 20% to 10% and exempt basic customs duty on 17 medicines while adding seven rare diseases for duty exemption of drugs, medicines and Food for Special Medical Purposes. Procedural reforms extend AEO duty deferral from 15 to 30 days, grant the same facility to eligible manufacturer importers, extend advance ruling validity to five years, enable factory to ship electronic sealing, automate clearance notifications for trusted importers, and shift warehousing to an operator centric, risk based model. News - Sun, 01 Feb 2026 14:07:25 +0530 https://www.taxtmi.com/news?id=69423