What is Indirect Tax In India 2021-22 budget

Custom Duty Rationalization: Twin objectives: Promoting domestic manufacturing and helping India get onto global value chain and export better. 80 outdated exemptions already eliminated and further review of more than 400 old exemptions. New customs duty exemptions to have validity up to the 31st March following two years from its issue date. Electronic and Mobile … Read more

What is Custom Duty

It refers to the tax imposed on goods when they are transported across international borders. The government uses this duty to raise its revenues, safeguard domestic industries, and regulate movement of goods. Custom duty in India is defined under the Customs Act, 1962, and all matters related to it fall under the Central Board of … Read more

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