Budget 2023: Govt proposes to cut customs duty on goods to 13% from 21%

Budget 2023: Govt proposes to cut customs duty on goods to 13% from 21%

According to Union Finance Minister Nirmala Sitharaman’s speech in Lok Sabha on Wednesday, there were minor changes in the basic customs duties, cesses and surcharges on some items including toys, bicycles, automobiles and naphtha.

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