Customs duty cuts, levy changes are ongoing: FM Sitharaman
FM Sitharaman states that customs duty cuts & levy changes are a continuous process driven by policy needs, not directly linked to global events.
Finance Minister Nirmala Sitharaman has stated that customs duty reductions and levy adjustments are part of a well-planned and ongoing policy strategy. She emphasized that these changes are based on India's economic priorities rather than being driven by global events. The government's approach ensures a balanced trade environment while fostering revenue growth and industrial development. By continuously assessing and modifying tariff structures, policymakers aim to support domestic industries and strengthen the nation’s economic framework.
Sitharaman further highlighted that such policy changes play a crucial role in maintaining economic stability and trade efficiency. By focusing on internal fiscal goals, the government is working towards creating a self-reliant and resilient economy that can adapt to evolving market conditions. These strategic revisions allow businesses to thrive while ensuring long-term sustainability. The emphasis on proactive economic management reflects the administration’s commitment to fostering growth and securing India's position in the global trade network.
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