Daijiworld Media Network - New Delhi

New Delhi, Oct 25: In a significant move to simplify trade procedures and promote ease of doing business, the Ministry of Finance (Department of Revenue) has issued a new notification overhauling India’s customs exemption framework. The reform aims to rationalise and harmonise existing customs duty exemptions across multiple sectors.

Under the new framework, the Central Board of Indirect Taxes and Customs (CBIC) has merged 31 separate Customs Duty notifications into a single comprehensive document, bringing together exemptions for key industries such as renewable energy, metals, fertilisers, agriculture, pharmaceuticals, and electronics.

The new structure, formalised through Notification No. 44/2025–Customs dated October 24, 2025, will take effect f

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