Leading trade bodies found some solace in the proposed budget for the 2024-25 fiscal year with measures such as the reduction of required deposit from 20% to 10% of a disputed amount of VAT claim to appeal against it and allowing the import of 17 textile goods at a reduced rate. However, they also identified several challenges that could potentially harm industries,
The government is planning to reduce duties on imported laptops next fiscal year in order to make the devices more affordable and bring relief to freelancers and students.
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