India targets fewer than 10 customs tariff slabs by FY28 Budget
Customs-duty rationalisation, lower personal-use import levies and expanding FTAs could reshape import costs, sourcing decisions and competitive pressure for Indian retailers and consumer brands.
Sitharaman said India aims to reduce Customs tariff slabs from around 13 to single digits by the FY28 Budget. The continuing rationalisation, lower personal-use duties and expanding FTAs could alter import costs, sourcing economics and competition for Indian retailers and consumer brands.
Why this matters
No related recent signals were provided. Customs-duty rationalisation, lower personal-use import levies and expanding FTAs could change import-cost and sourcing decisions for Indian retailers and consumer brands.
Retail-company signals are accelerating, up 89,600% QoQ.