Union Budget 2024-25: Major Revisions in Customs Duties on Cancer Medicines and Critical Minerals to Boost Domestic Manufacturing and Exports
New Delhi: Presenting the Union Budget 2024-25, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman emphasized the government’s commitment to supporting domestic manufacturing, enhancing local value addition, promoting export competitiveness, and simplifying taxation. The new Customs Duty rates are designed to cover a wide range of commodities, from life-saving medicines to rare earth minerals,…