ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Custom TariffSubscribe to Custom Tariff

Customs Tariff Reform

Contrary to the claims of successive finance ministers, the Customs tariff remains highly complicated after more than a decade of supposed reforms since 1991. There are too many rates still, apart from some specific rates, innumerable exemptions, numerous conditions and lists. A reform agenda for the 2003-04 Budget.

Customs Valuation

Customs Valuation in India by C Satapathy; Shroff Publishers and Distributors, Mumbai, and MVIRDC, World Trade Centre, Mumbai, 2002; pp x+ 240, Rs 375.

The Budget and Customs Duties

Given that in the last five years there has been little reduction in the general level of tariff rates and that a very low level of tariff is being set as the goal for the near future, a good beginning could have been made in the budget for 2001-2002 by reducing both the peak rates of duty and the average rate. But, despite all the talk of 'second generation reforms', the finance minister has failed to seize the opportunity to take a bold step forward.
Back to Top