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Budget 2021: FM Sitharaman may hike customs duty on these items


Budget 2021: FM Sitharaman may hike customs duty on these items
Budget 2021 expectations: The expected hike in customs duty is aimed at providing an impetus to the Narendra Modi-led NDA government s Make in India initiative, according to officials
BusinessToday.In | February 1, 2021 | Updated 07:58 IST
Union Budget 2021-22 will be announced today at 11 am
The government is likely to raise customs duty on various components in Budget 2021-22 which will be presented by the Union Finance Minister Nirmala Sitharaman today. According to officials, this is aimed at providing an impetus to the Narendra Modi-led NDA government s Make in India initiative.
Rajat Bose, partner at Shardul Amarchand Mangaldas and Company said that the central government has increased customs duty on certain items in the last four-five years but that might not affect imports significantly. Bose also told ANI, So, I think that it will be there at the back of mind of the government. I belie ....

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