New Delhi
The people of the country have high expectations from the upcoming budget this year. Meanwhile, it is believed that to reduce litigation and promote ease of doing business, Finance Minister Nirmala Sitharaman may announce an amnesty scheme for customs duty in the upcoming budget.
In fact, Anurag Sehgal, Managing Director, Price Waterhouse & Company LLP, says that the main demands of the industry will definitely be in line with the objectives of the government and one of the objectives of the government is to reduce litigation.
Let us inform that on this front, amnesty scheme for customs duty, especially covering pre-GST legacy taxes like additional duty, special additional duty, has been one of the demands of the industry. The government had earlier announced amnesty schemes for excise duty and service tax and income tax, but had not taken any such step for customs duty.
