Indian Chamber of Commerce urges Indian government to rationalize customs duties in steel, solar batteries, aluminum, and lithium cells sectors.
The Indian Chamber of Commerce (ICC) has urged the Indian government to rationalize customs duties in sectors including steel, solar batteries, aluminum, and lithium cells to boost domestic manufacturing, reduce import dependency, and promote domestic industry growth. The ICC also proposed correcting the inverted duty structure, setting up a commission to review the Income Tax Act 1961, and not imposing taxes on dividends.
July 17, 2024
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