New delhi:
Finance minister nirmala sitharaman said the center has introduced custom duty rationalization to ensure the Indian Economy Backets aatmanirbhar (Self-Reliant).
MS Sitharaman was responding to ndtv’s sanjay pugalia on whether the Budgetary Announsment of Reducing Custom Duty for Many Automobiles, which will befit companies like Tesla and Harley Davidson ID US President Donald Trump’s tariff Announcements.
“We are looking at our own economy.
MS Sitharaman Added That The Union Budget’s Announcement of Reducing Custom Duty AIMS at Making Cheap Raw Materials Available for MSMES, Getting Critical Mainrals and Allowing Indian Companies to IXPORAT Inhed product of high value.
Tariffs on Harley Davidson Bikes Were Slashed Further Ahead of Prime Minister Narendra Modi’s Proposed us visit. For Motorcycles with Engine Capacity Not Excited 1600 cc, the duty on CBUS (Completely Built Up) Has Been Slashed from 50 per cent to 40 per cent. For larger motorcycles with engine capacity exceed 1600 cc, the Reductions are higher.
Thought Basic Customs Duty on the Import of Cars and Other Motor Vehicles Has also Been Reduced, it is not clear whatare their effective duty rates will change.
The finance minister said the government has created a balance between strengthening the foundation of a
She also rejected Criticism by the option that the BJP-Led Center was only trying to Woo Voters in Bihar and Delhi through the announcing in the union budget.
MS Sitharaman presented the union budget 2025-26, her eighth culture presentation, on saturday.
