India, Jan. 20 -- India Inc is expecting a GST-style modification in the customs duty regime, as it seeks steps to promote trade facilitation and simplify dispute resolution in the FY27 Budget.
Besides rationalisation of Customs duty rates and pruning of slabs, the industry also wants a single-window clearance mechanism for export and imports, a definitive timeline for issuing Authorised Economic Operator (AEO) certification, and a charter for the intelligence agency DRI to conduct investigations.
On dispute resolution, the key ask of the industry is to digitise the entire process of litigation and a scheme to unclog INR 1.52 lakh crore in customs duty locked in litigation. Deloitte India Partner Gulzar Didwania said that currently, an ...
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