Global Trade Alert
Global Trade Alert

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India: Interim budget for the year 2024-2025

Description

On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Finance (Indirect Taxes) estimated a budget of INR 16'575 crore (USD 2 billion) for the Remission of...

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Intervention Details

Intervention Type

Tax-based export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

01 Apr 2024

Revocation date

30 Sep 2024

Implementation level

National

Affected flow

Outward subsidy

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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