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Customs Duty Cuts Not Due to US Tariff Threats
March 28, 2025
|Hindustan Times Noida
The government's customs duty rationalisation is an ongoing exercise started since 2023, much before the Donald Trump administration's call for retaliatory tariffs, Union finance minister Nirmala Sitharaman said on Thursday, adding that the exercise would continue in the future as it aims to boost domestic manufacturing and ease the price burden on citizens.
NEW DELHI:
Rebutting comments from Opposition members made in Rajya Sabha during a discussion on the Finance Bill 2025 and the Appropriation (No. 3) Bill, 2025, that the government is reducing customs duties and other levies under pressure from President Donald Trump, she said the exercise is consistent "budget after budget" in line with the government's focus to boost manufacturing and make exports cost-competitive.
هذه القصة من طبعة March 28, 2025 من Hindustan Times Noida.
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