Customs overhaul next: FM vows cleaner, tech-led regime; duties may be cut further
Finance Minister Nirmala Sitharaman announced comprehensive reforms for Customs, aiming for greater transparency and simplified compliance. Following successful Income Tax Act overhauls, the government plans to introduce technology for faster goods clearance and reduce discretionary powers. Customs duties will also be reviewed and lowered where necessary, marking this as the next significant reform initiative.
Finance Minister Nirmala Sitharaman announced comprehensive reforms for Customs, aiming for greater transparency and simplified compliance. Following successful Income Tax Act overhauls, the government plans to introduce technology for faster goods clearance and reduce discretionary powers. Customs duties will also be reviewed and lowered where necessary, marking this as the next significant reform initiative.
