{"id":38118,"date":"2025-01-14T08:45:00","date_gmt":"2025-01-14T08:45:00","guid":{"rendered":"https:\/\/newstimers.com\/index.php\/2025\/01\/14\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\/"},"modified":"2025-01-14T08:45:00","modified_gmt":"2025-01-14T08:45:00","slug":"waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced","status":"publish","type":"post","link":"https:\/\/newstimers.com\/index.php\/2025\/01\/14\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\/","title":{"rendered":"Waiver scheme for customs duty is also being prepared in the budget, may be announced"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>New Delhi<\/strong><br \/>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.<\/p>\n<p>In fact, Anurag Sehgal, Managing Director, Price Waterhouse &#038; 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.<\/p>\n<p>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.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>New DelhiThe 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 &#038; Company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38119,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/01\/nirmila-780x470.jpg","fifu_image_alt":"","footnotes":""},"categories":[43785],"tags":[],"class_list":{"0":"post-38118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Waiver scheme for customs duty is also being prepared in the budget, may be announced - News Timers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newstimers.com\/index.php\/2025\/01\/14\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Waiver scheme for customs duty is also being prepared in the budget, may be announced - News Timers\" \/>\n<meta property=\"og:description\" content=\"New DelhiThe 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 &#038; Company [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newstimers.com\/index.php\/2025\/01\/14\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\/\" \/>\n<meta property=\"og:site_name\" content=\"News Timers\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-14T08:45:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/01\/nirmila-780x470.jpg\" \/><meta property=\"og:image\" content=\"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/01\/nirmila-780x470.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"newstimers.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/thekhabars.com\/wp-content\/uploads\/2025\/01\/nirmila-780x470.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"newstimers.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/01\\\/14\\\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/01\\\/14\\\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\\\/\"},\"author\":{\"name\":\"newstimers.com\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/#\\\/schema\\\/person\\\/eedb09e776755c468967c45aea40c71d\"},\"headline\":\"Waiver scheme for customs duty is also being prepared in the budget, may be announced\",\"datePublished\":\"2025-01-14T08:45:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/01\\\/14\\\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\\\/\"},\"wordCount\":162,\"image\":{\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/01\\\/14\\\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i1.wp.com\\\/thekhabars.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/nirmila-780x470.jpg?w=780&resize=780,470&ssl=1\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/01\\\/14\\\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\\\/\",\"url\":\"https:\\\/\\\/newstimers.com\\\/index.php\\\/2025\\\/01\\\/14\\\/waiver-scheme-for-customs-duty-is-also-being-prepared-in-the-budget-may-be-announced\\\/\",\"name\":\"Waiver scheme for customs duty is also being prepared in the budget, may be announced - 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