Both trade & finance ministries back duty cuts: Commerce secretary BVR Subrahmanyam

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Commerce secretary BVR Subrahmanyam on Wednesday said that there is a fair amount of understanding between the commerce and industry ministry, and finance ministry that duty cuts help exports. Budget 2022-23 has reduced customs duties on chemicals that will enable exports while rationalised duties for the electronics sector would boost domestic manufacturing, he said. “I … Read more

Budget 2022-23: CPAI urges govt to waive commodity transaction tax

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Ahead of the Budget, the Commodity Participants Association of India (CPAI) said the government should look at waiving the Commodity Transaction Tax to boost trading volumes. In its Budget proposal to the Finance Ministry, CPAI has urged the government to relook at Commodity Transaction Tax (CTT) as it has yielded little revenue and destroyed national … Read more