May 5, 2026

customs duty

Budget 2026: MAIT seeks customs duty cuts on key electronic components; push to boost domestic manufacturing

Budget 2026: MAIT seeks customs duty cuts on key electronic components; push to boost domestic manufacturing

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The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…

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Budget 2026: Rs 1.52 lakh crore locked in Customs disputes; Govt may consider amnesty, duty slab rationalisation

Budget 2026: Rs 1.52 lakh crore locked in Customs disputes; Govt may consider amnesty, duty slab rationalisation

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Representative file photo (Budget 2025) With more than Rs 1.52 lakh crore of customs duty locked in litigation, the government may consider introducing an amnesty scheme in the Union Budget for 2026–27 to bring closure to long-pending disputes and provide certainty to businesses, Price Waterhouse & Co LLP said on Thursday, PTI reported.The government could…

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