EY India: Extend PLI to New Tech, Ensure Tax Certainty in FY27 Budget

• EY India recommends extending the Production-Linked Incentive (PLI) scheme to new tech sectors like AI, space, and robotics.
• The FY2027 Budget should prioritize growth continuity and provide tax certainty for businesses.
• Suggests a one-time settlement scheme for Customs disputes, similar to 'Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019'.
• Calls for simplification of the customs tariff structure to reduce compliance burden and align with global standards.
• Advocates for detailed guidelines and FAQs for the new Income Tax Act 2025 to ensure a smooth transition and minimize litigation.

Why It Matters: EY India urges FY27 Budget to boost growth via tech PLI, tax certainty, and simplified compliance.