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Flipping the protectionist coin

The customs duty rejig is a balancing act between fiscal deficit & fiscal prudence

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Abhishek A Rastogi
Budget 2018 elicited a range of reactions from all corners. While many were sceptical about the announcements, more sanguine individuals hoped for crucial amendments in the IGST law. Contrary to expectations, the changes on indirect tax front were paltry and revolved around the realm of customs. Rate rationalisation on the customs front led to mixed reactions. While the Davos summit witnessed India taking a pro-globalisation approach in favour of economic growth, the protectionist stance taken by finance minister Arun Jaitley in the Budget seemed to go in a different direction. Though many feel a blanket increase in rates across a
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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