India's Tax System Overhaul by April 2026: Potential Cost Increases Despite Reforms

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India's Tax Overhaul: Costs May Rise Despite Cleanup from April 2026

India's Tax Overhaul: Costs May Rise Despite Cleanup from April 2026

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CNBC TV18•19-03-2026, 17:46

India's Tax Overhaul: Costs May Rise Despite Cleanup from April 2026

•India's indirect tax system undergoes a major reset from April 1, 2026, with changes in customs duties, GST, and trade facilitation.
•Personal import duty on goods under tariff heading 9804 reduced from 20% to 10%, but Social Welfare Surcharge now applies uniformly.
•Customs duty exemptions rationalized, with many withdrawn or aligned with standard rates; duties increased on items like EPDM rubber and X-ray tubes.
•Duties hiked on components like metal parts for electrical insulators and video game hardware to boost domestic manufacturing.
•GST reforms include a National Appellate Authority for Advance Rulings to ensure uniform interpretation; deferred customs duty payment expanded for manufacturers.

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