With “Make in India” and “becoming a USD 5 Trillion economy” as the goals, the government is looking at relaxing duties/taxes to make India a manufacturing hub. The budget of 2019-20 proposed changes in basic customs duties to encourage manufacturing in the country. Read the article “Revised system of importing Duty-Free Capital Goods and what it means for selling in India” by our expert Mr. Shashank Verma-Head Supply Chain & Order Management, to know more about these changes. To refer to the list of capital goods/raw materials exempted from duties, please download Annexure-1.(https://lnkd.in/fuDN7cX) #manufacturing #dutyfree #importinindia #makeinindia #indiameansbusiness #easeofdoingbusiness #customduties