Budget 2024-25: Indirect Tax Highlights

The Union Budget 2024-25 introduces key indirect tax changes. Customs duty amendments focus on enhancing trade facilitation and boosting domestic manufacturing. The Basic Customs Duty (BCD) sees adjustments across various sectors. Agriculture Infrastructure and Development Cess (AIDC) continues to support rural infrastructure. The Road and Infrastructure Cess (RIC) and Health Cess remain vital for funding public health and infrastructure projects. The Social Welfare Surcharge (SWS) maintains its role in welfare initiatives. These changes aim to streamline customs procedures and promote economic growth.