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Global Trade Alert

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India: Customs duty on the imports of certain raw materials reduced as part of the 2023-2024 budget

Description

On 1 February 2023, the Indian Ministry of Finance through Notification No. 06/2023-Customs provided a temporary tax advantage on the manufacture of certain finished goods. The advantage was provided ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Feb 2023

Revocation date

31 Mar 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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