Budget 2025: Customs Duty Revamp of Over 100 Items Expected

The Indian government's budget for 2025 is expected to bring changes in customs duties, which could impact a variety of products. A revamp is anticipated across several categories, including consumer goods, electronics, and raw materials. The government aims to improve domestic manufacturing, reduce dependency on imports, and boost export competitiveness. Potential revisions may focus on reducing duties for specific sectors, such as technology and renewable energy, while imposing higher tariffs on non-essential goods to increase revenue. It is expected that such measures will support the 'Make in India' initiative and align with broader economic goals. The revamp could help simplify the tariff structure and create a more favorable environment for the growth of Indian industries, enhancing the competitiveness of local manufacturing in global markets.