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Tag: trade facilitation

Budget 2024 Customs Tweaks Fall Short of Needed Major Reform

Union Budget 2024 rationalises customs duties, but experts say deep structural and legal reforms are still needed to cut costs and modernise trade.

CBIC Merges 31 Customs Duty Notifications into Single Framework

Importers to benefit from simplified customs procedures as 31 duty notifications merge into one unified system effective November 2025.

CBIC Merges 31 Customs Notifications to Simplify Trade Procedures

CBIC consolidates 31 customs duty notifications into single framework effective November 1, retaining all exemptions while reducing compliance complexity for traders.