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Budget 2025-26 may offer customs Amnesty Scheme to reduce litigation
FirstpostThe government had in the past announced amnesty schemes for excise and service tax and even for the income tax but not for customs In a bid to reduce litigation, Finance Minister Nirmala Sitharaman in the upcoming Budget may announce an Amnesty Scheme for customs to foster ease of doing business. On that front, having an amnesty scheme for customs especially covering pre-GST legacy taxes like additional duty, special additional duty has been one of the asks of the industry,” Price Waterhouse & Co LLP managing director Anurag Sehgal said. The government had in the past announced amnesty schemes for excise and service tax and even for the income tax but not for customs. Another important wishlist of the industry on customs would be rate rationalization to support the Make in India initiative, Sehgal said.
History of this topic
Amnesty Scheme for customs may be announced in Budget 2025-26 to reduce litigation: Experts
Live Mint)
Eyes on income tax, customs duty and capex reforms as Sitharaman begins Budget 2025 meetings
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Budget 2021: Govt may increase customs duty on certain components, says report
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