Government proposes to decrease customs duty on goods to 13% from 21% in Budget 2023

  • February 2, 2023
  • Union Finance Minister Nirmala Sitharaman announced minor changes to basic customs duties, cesses and surcharges on items such as toys, bicycles, automobiles and naphtha in Lok Sabha on Wednesday.
  • These changes include a decrease in customs duty on goods from 21% to 13%.
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[Via]

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