Budget 2026: Industry seeks GST-style simplification in customs duty; urges speeding up and simplificatio - Times of India

Budget 2026: As the Union Budget for the financial year 2026-2027 draws closer, Indian companies are expecting a GST like transformation in the customs duty framework to promote trade facilitation and simplify dispute resolution.Key demands include a rationalisation of customs duty rates, a reduction in the number of duty slabs, and the introduction of an effective single-window clearance system f…