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India plans to cut customs duties on raw materials to boost local manufacturing and simplify trade.
The Indian Government is considering reducing customs duties on raw materials for sectors like medical equipment, electronics, and footwear to boost local manufacturing ahead of the upcoming budget.
This move aims to simplify the customs duty structure, reduce disputes, and support the 'Make in India' initiative.
An amnesty scheme may also be introduced to resolve pending customs disputes.
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La India tiene previsto recortar los derechos de aduana sobre las materias primas para impulsar la fabricación local y simplificar el comercio.