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Budget FY26: Govt could cut customs duty on raw materials to boost manufacturing, say tax experts
Millennium Post Delhi
|January 20, 2025
We expect duty cuts in raw materials in electronics, home appliances & pharma products
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NEW DELHI: The government could reduce customs duty on inputs used in manufacturing medical equipment, electronic goods and footwear industries in the forthcoming Budget to boost local manufacturing, according to tax experts.
Deloitte India Partner, Indirect Tax, Harpreet Singh said key demands from the Customs side from the FY26 Budget would be rate rationalisation, simplification of the regime, and litigation and dispute management.
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