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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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Business Today Desk
Business Today Desk

Business Today brings you the latest news, views and analysis from the world of finance, economy, markets, corporates, startups, tech, and the digital economy. You can find everything from breaking news to deep dives to immersive essays and more on a variety of subjects across all formats - online, magazine, television, data visualisation, et al.

Published on: Feb 1, 2025 12:03 PM IST