Tag: Customs
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Revolutionizing Customs: Purbaya Launches Technology-Driven Reforms
Finance Minister Purbaya Yudhi Sadewa has announced a series of technology-based reforms aimed at improving the performance of the Directorate General of Customs and Excise, following concerns over illegal trade and declining public trust in the agency. Speaking at the House of Representatives in Jakarta on Thursday, December 4, 2025 Purbaya said the government will…
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Finance Minister Nirmala Sitharaman Announces Comprehensive Customs Reforms Ahead of Budget
Finance Minister Nirmala Sitharaman has indicated that a sweeping overhaul of India’s customs framework is imminent, signalling one of the most significant reforms to the system in recent years. Speaking at the Hindustan Times Leadership Summit, the Minister described customs as her “next big clean-up job,” emphasising the urgent need to simplify the regime, enhance…
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Finance Minister Nirmala Sitharaman Announces Comprehensive Customs Reforms
New Delhi: Finance minister Nirmala Sitharaman on Saturday exuded confidence that the economy will expand at 7% or more in the current fiscal year, sustaining recent quarters’ growth momentum, and that the rupee will “find its own way” against the dollar. The latest currency depreciation shouldn’t be seen in isolation but in the broader context…
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Government Plans Major Overhaul of Customs System Ahead of Budget
Union Finance Minister Nirmala Sitharaman has announced that several major changes will soon be made to the customs system. This will be the government’s next biggest reform. Its purpose is to simplify rules so that businesses and traders don’t face difficulties. Over the past two years, duty rates have been gradually reduced and now there…
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Finance Minister Announces Overhaul of Customs Tariffs
The Budget of 2026 will bring in more reforms, especially those pertaining to customs rates, announced Union Finance Minister, Nirmala Sitharaman, on Saturday. The simplification of customs will be comprehensive and entail customs duty rate rationalisation so that there is greater transparency, she said. “We need a complete overhaul of customs… we need to have…
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Finance Minister: Customs Simplification to Drive Next Major Reform
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: Moorthy G. Ahead of Budget 2026, Finance Minister Nirmala Sitharaman on Saturday (December 6, 2025) said the simplification of customs would be the next big reform agenda for the government. During the current financial year, the government undertook reforms such as rate rationalisation and simplification of…
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Finance Minister Predicts Major Customs Reform Ahead
New Delhi: Ahead of Budget 2026, Finance Minister Nirmala Sitharaman on Saturday said the simplification of customs would be the next big reform agenda for the government.During the current financial year, the government undertook reforms such as rate rationalisation and simplification of the income tax and Goods and Services Tax (GST) in a bid to…
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HTLS 2025: Nirmala Sitharaman Highlights Customs Reform as a Key Priority
Union Finance Minister Nirmala Sitharaman said on Saturday that the government’s next focus of reforms includes an overhaul of the custom duty system. Finance Minister Nirmala Sitharaman speaking at the Hindustan Times Leadership Summit on December 6, 2025. (HT Photo) “We made sure that income tax is no longer a tiresome exercise,” she cited as…