Brief by Shorts91 Newsdesk / 10:00am on 23 Jul 2024,Tuesday India
In Budget 2024, Finance Minister Nirmala Sitharaman announced significant changes in customs duties. The government is reducing duties on cancer medicines, mobile phones, gold, silver, and seafood, aiming to lower retail prices. Gold and silver duties will drop to 6%, potentially boosting demand and curbing smuggling. Conversely, customs duties on ammonium nitrate and non-biodegradable plastics will rise by 10% and 25%, respectively. These measures reflect the government's efforts to address public health and environmental concerns while impacting various sectors.
