Exemption of Custom Duties on Critical Minerals in Union Budget 2024
Tuesday, 23 July 2024, 08:37
Introduction
In the Union Budget 2024, Finance Minister Nirmala Sitharaman has introduced an important measure that exempts 25 critical minerals from custom duties.
Details of the Announcement
- Custom duty exemption applied to key minerals.
- Aims to boost processing and refining of these minerals.
- Focus on enhancing strategic sectors within the economy.
Conclusion
This move is expected to significantly aid in the growth of processing industries in India, fostering an environment for increased investment and development.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.