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Budget 2025 Live Updates: Govt to remove 7 tariff rates, to keep 8 rates under the revised structure

Budget 2025 Live Updates: Govt to remove 7 tariff rates, to keep 8 rates under the revised structure

FM Sitharaman said after the removal of 7 tariffs only 8 tariff rates will be imposed, including a zero rate.

Business Today Desk
Business Today Desk
  • Updated Feb 1, 2025 12:40 PM IST
Budget 2025 Live Updates: Govt to remove 7 tariff rates, to keep 8 rates under the revised structureGovt to remove 7 tariff rates, to keep 8 rates under the revised structure

Finance Minister Nirmala Sitharaman, while presenting the first full-year Budget for Modi 3.0 government, said the government would remove 7 tariff customs rates and keep only eight tariff rates after the revision. 

"The government propose removal of 7 tariff rates over an above those in removed in earlier budget. Only 8 tariff rates to remain after the new move," FM said in the parliament on Saturday. 

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Union Budget 2026 | Finance Minister Nirmala Sitharaman presented her record 9th Union Budget on February 1. The Budget has brought relief for travellers, students, exporters and clean-energy sectors, while tightening the screws on tax non-compliance and speculative trading.
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Published on: Feb 1, 2025 12:03 PM IST
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