Budget 2024: FM Proposes to Reduce Customs Duty On Fish Feeds

In the Budget 2024, Finance Minister Nirmala Sitharaman proposed a reduction in customs duty on fish feeds from 10% to 5%. This move aims to support the aquaculture industry by making fish feeds more affordable, which is expected to boost domestic fish production and meet the growing demand for seafood. The reduction is part of broader efforts to promote the growth of agriculture and allied sectors by lowering input costs. The change is anticipated to benefit local fish farmers and contribute to the sustainability of the industry.