Customs duty simplification to be next reform push, says Sitharaman | Mint

Contributing sentiments towards policy:

59% : The government's strategy to revive the economy, sustain growth rate and make the country a developed nation by 2047 included strong investments in infrastructure sector, income tax and GST rate relief and continuous reform of the regulatory architecture.
53% : Speaking at the HT Leadership Summit 2025, the minister said the proposed reforms would be similar to the reforms and simplification in the Income Tax Act, which will be administered by a new statute starting April.
51% : The finance minister said that income tax reforms sought to address taxpayer grievances about the administration of the law on the ground, which was perceived to be "agonising".
50% : The minister said she would prefer to make a medium-term assessment of how the consumption trend is shaping up after the income tax and goods and services tax (GST) rate cuts this year, rather than making an assessment based on data for one or two months.
43% : "So, we worked on it and made sure that income tax is no longer going to be seen as a tiresome exercise," Sitharaman said, explaining the rationale behind the simplification of the 1961 Act.
38% : In the case of border controls, the risk of illicit and contraband goods entering the country remains a serious problem, the minister said, highlighting the need to balance these concerns with the need to eliminate discretion at the level of officials in customs processes.

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