Budget FY28: Govt eyes ease of trade over sweeping customs duty cuts
BusinessLine 1 hr ago·3 Nov 2026, 4:13 pm
The Finance Ministry is planning a shift in its trade strategy for FY28, moving away from broad customs duty cuts in favor of targeted measures. The focus is on correcting inverted duty structures and improving ease of doing business through procedural reforms.
This approach aims to streamline import and export processes, which is crucial for maintaining India's competitiveness in the global market. By prioritizing efficiency over immediate tariff reductions, the government seeks to create a more predictable environment for businesses.
For investors, this signals a long-term focus on structural improvements in trade logistics. Market participants should watch for specific announcements regarding the expansion of the AEO program and the rollout of Customs Project 2.0, as these could significantly impact operational costs for key sectors.
Excerpt from BusinessLine
Finance Ministry may take targeted steps to fix inverted duty structures, speed up procedural reforms, AEO relaxations, expanding scope of Customs Project 2.0 The Union Budget for FY28 is expected to put greater emphasis on simplifying trade processes and customs procedures, improving transparency and reducing…Read the original at BusinessLine
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