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Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair


India's FY26 budget lowers average customs duty rates to 10.66%, enhancing trade relations. While import duties on motorcycles decrease, car duties remain unchanged, but future reductions are possible if stakeholders agree, according to CBIC Chairperson Sanjay Kumar Agarwal.

published on : 8/8/2025 8:07:04 PM
Source on : livemint