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India may cut more import taxes as manufacturing picks up speed
In the first major overhaul of its tariff structure, India removed high rates from some 8,500 industrial goods. While the tax incidence has remained the same because of additional levies on imports, Agarwal said the surcharges are “temporary in nature and would eventually be phased out.”
In the first major overhaul of its tariff structure, India removed high rates from some 8,500 industrial goods. While the tax incidence has remained the same because of additional levies on imports, Agarwal said the surcharges are “temporary in nature and would eventually be phased out.”
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