'Sending signal tariffs in India are not very high': CBIC chief Sanjay Kumar Agarwal

Quick Summary:

India's tariff structure has been rationalised, reducing the average customs rate from 11.65% to 10.66%, aligning it more closely with ASEAN countries.

This move aims to enhance the competitiveness of Indian industry and improve the perception of India’s tariffs globally.

Efforts to simplify GST rates are ongoing with a focus on consensus building.

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Article Details

Author / Journalist: Surojit Gupta

Category: EconomyBusiness

Markets: India

Topics: Customs duty structure GST rate structure India tariff rates Business news Industrial goods tariff Tariff rationalisation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 10:05:57 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 738 words

Reading Time: 5 minutes read

Sentences: 50 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25759626

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