Trade policy rethink: GTRI calls for tariff overhaul; simpler customs to cut costs and lift exports
A GTRI report urges India to overhaul its import tariff structure and customs administration to boost trade costs, manufacturing competitiveness, and export growth. Recommendations include a gradual move to zero duty on raw materials and a 5% duty on finished goods, alongside simplifying procedures and eliminating inverted duty structures.
A GTRI report urges India to overhaul its import tariff structure and customs administration to boost trade costs, manufacturing competitiveness, and export growth. Recommendations include a gradual move to zero duty on raw materials and a 5% duty on finished goods, alongside simplifying procedures and eliminating inverted duty structures. What's Your Reaction?
