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Budget 2025: Customs Duty Cut On High-End US Goods Likely Amid Trump's Tariff Calls — Profit Exclusive

NDTV Profit has learnt that items such as specialised steel, high-end motorbikes, and electronics items could see a rate reduction.

<div class="paragraphs"><p>FM Nirmala Sitharaman presenting the interim Union budget 2024 on Feb. 1. (Source: Sansad TV/X)</p></div>
FM Nirmala Sitharaman presenting the interim Union budget 2024 on Feb. 1. (Source: Sansad TV/X)
In a preemptive move by the Narendra Modi-Government, India will likely slash customs duty on several high-end imported goods from the US in the upcoming budget, according to people aware of the development.The latest development follows US President Donald Trump's characterization of India, Brazil, and China as high-tariff countries.In the union budget that is set to be unveiled on Feb. 1, the government may cut the customs duty on ...
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