Budget 2018: Customs duty rates amended in line with 'Make in India'

Amendments have been made in line with initiatives such as Make in India and ease of doing business

Indirect Taxes
 
In the first Union Budget after the introduction of GST, the finance minister (FM) expectedly did not make any changes under the Goods and Services Tax (GST) regime. The changes to the GST law, if any, are expected to be taken up separately under the present Parliamentary session. The FM, however, during his speech did mention that with the introduction of GST, the indirect tax system has been made simpler. Nonetheless, there have been some important announcements on the Customs law front in line with the key initiatives being driven by the government for the last couple