A GTRI report urges India to overhaul its import tariff structure and customs administration to boost trade costs, manufacturing competitiveness, and export growth. Recommendations include a gradual move to zero duty on raw materials and a 5% duty on finished goods, alongside simplifying procedures and eliminating inverted duty structures.A GTRI report urges India to overhaul its import tariff structure and customs administration to boost trade costs, manufacturing competitiveness, and export growth. Recommendations include a gradual move to zero duty on raw materials and a 5% duty on finished goods, alongside simplifying procedures and eliminating inverted duty structures.
