FIEO seeks re-look at proposed Section 113(ja) in Customs Act

The trade views these measures with suspicion and alerts the government to possible unintended consequences of the proposed amendments

Topics
Customs Act | India exports | FIEO

TNC Rajagopalan 

TNC Rajagopalan

At the time of presenting the Union Budget, the government, besides altering the duty or tax rates that have a bearing on its revenue, proposes several amendments to the laws through the Finance Bill. Usually, these are changes the bureaucracy wants for plugging loopholes in tax collection and bringing about technical changes to cope with the emerging trends in legal interpretations and technological changes.

It is also for taking initiatives to make it easier to do business. Some of these changes are helpful. However, where the intent is to plug revenue leakage, the government ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 01 2021. 00:40 IST
RECOMMENDED FOR YOU
.