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Budget 2023: Align customs duty rates with PLI schemes
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Union Budget 2023: From the point of view of localisation, the Production Linked Incentive (PLI) scheme is providing direct fiscal incentives, says Saurabh Agarwal, Tax Partner, EY India. "It is important to align the various custom duty rates with the PLI schemes," he says, adding that this will involve both increase and decrease in various customs duties. FM Nirmala Sitharaman will present the last full budget of the second Narendra Modi government on February 1, 2023. All eyes are on Union Budget 2023 to aid growth while maintaining the fiscal deficit target.
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Union Budget 2023: From the point of view of localisation, the Production Linked Incentive (PLI) scheme is providing direct fiscal incentives, says Saurabh Agarwal, Tax Partner, EY India. "It is important to align the various custom duty rates with the PLI schemes," he says, adding that this will involve both increase and decrease in various customs duties. FM Nirmala Sitharaman will present the last full budget of the second Narendra Modi government on February 1, 2023. All eyes are on Union Budget 2023 to aid growth while maintaining the fiscal deficit target.
For daily news & updates and exclusive stories, follow the Times of India
Facebook:
Instagram:
Follow TOI+ for well-researched and in-depth news and analysis
Facebook:
Twitter:
Instagram:
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