Close Menu
  • Home
  • Education
  • Health
  • National News
  • Politics
  • Relationship & Wellness
  • World News
What's Hot

“My journey living with HIV”: Years later, Lakers legend Magic Johnson makes candid admission about fighting with fatal disease | NBA News – The Times of India

March 27, 2026

IPL 2026: Navdeep Saini replaces injured Harshit Rana in KKR, GT name Kulwant Khejroliya in place of Prithviraj Yarra

March 27, 2026

No shortage of oil and gas, won't impose curbs: Govt | India News – The Times of India

March 27, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram YouTube
Global News Bulletin
SUBSCRIBE
  • Home
  • Education
  • Health
  • National News
  • Politics
  • Relationship & Wellness
  • World News
Global News Bulletin
Home»Business»Overhaul of import tariff structure, customs processes to cut trade costs, boost manufacturing, exports: GTRI
Business

Overhaul of import tariff structure, customs processes to cut trade costs, boost manufacturing, exports: GTRI

editorialBy editorialJanuary 17, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Overhaul of import tariff structure, customs processes to cut trade costs, boost manufacturing, exports: GTRI
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

India needs a sweeping overhaul of its import tariff structure and customs administration to reduce trade costs, strengthen manufacturing competitiveness and revive export growth, think tank Global Trade Research Initiative (GTRI) said on Saturday (January 17, 2026).

It also recommended movement toward zero duty on most industrial raw materials and key intermediates, while adopting a low standard duty of around 5% on finished industrial goods over the next three years.

The think tank also pitched for eliminating inverted duty structures, where inputs are taxed more heavily than finished products, quietly eroding domestic manufacturing competitiveness.

Extreme tariffs, such as the 150% duty on alcohol, should be rationalised, GTRI said, arguing that such rates encourage evasion while delivering negligible fiscal gain.

Equally important, tariff reform should be based on total import duty, not just headline basic customs duty.

Importers face a cumulative burden of cesses, surcharges and trade remedies, making the effective tariff far more complex than official rate schedules suggest, it said.

A report by GTRI said that India’s merchandise trade has crossed $1.16 trillion, and nearly 29% of gross domestic product flows through customs clearances.

In that context, the report noted that even modest inefficiencies now impose economy-wide costs, raising input prices, delaying shipments and weakening export competitiveness at a time when global companies are reassessing sourcing locations amid geopolitical fragmentation.

“India needs a sweeping overhaul of its import tariff structure and customs administration to cut trade costs, strengthen manufacturing competitiveness and revive export growth,” the report titled – A Blueprint for Modernizing India’s Import Tariffs and Customs Regime – said.

Tariffs are no longer a revenue tool, as customs duties now account for just 6% of gross tax revenue and average only 3.9% of the value of imports, it added.

The distribution of tariff revenue is highly skewed as nearly 90% of import value is concentrated in fewer than 10% of tariff lines or product categories, while the bottom 60% of tariff lines generate under 3% of customs revenue.

“Maintaining a complex tariff schedule for such a limited fiscal return imposes high administrative and compliance costs,” GTRI founder Ajay Srivastava said in the report.

It suggested easing customs rules and processes to help traders comply with the provisions smoothly.

The labyrinthine system of customs notifications, many of which amend decades-old rules and are not self-contained, as traders have to navigate hundreds of overlapping notifications to determine applicable duties, often without clear HS (harmonised system)-code references.

GTRI has urged the government to issue self-contained notifications that clearly state their full impact, and to publish all applicable import duties in a single, unified online schedule.

It also called for greater transparency around the renewal of time-bound duty exemptions, including brief public explanations of why they remain necessary.

To reduce disputes, the report recommended aligning India’s duty drawback system with the standard eight-digit HS codes already used for imports and exports.

At present, exporters use a separate coding system for refunds, increasing errors and delays.

It said that approval norms for inland container depots and freight stations should also be liberalised to support modern, niche supply chains, rather than forcing one-size-fits-all logistics infrastructure, the report argued.

Further, the report said that the customs officers should be redeployed toward audits, origin verification and inland clearance points.

“Customs officers should be posted overseas at Indian embassies and major ports to help exporters resolve non-tariff barriers and learn global best practices,” Mr. Srivastava said in the report.

The report is co-authored by former IRS (Customs) officer Satish Reddy.

Published – January 17, 2026 01:59 pm IST

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous Article'Triple-engine sarkar mumkeen hai': BJP takes control of Mumbai for first time, but needs Shinde Sena for majority | Mumbai News – The Times of India
Next Article Iran stopped 800 executions after Trump warns of ‘grave consequences’, says White House
editorial
  • Website

Related Posts

“My journey living with HIV”: Years later, Lakers legend Magic Johnson makes candid admission about fighting with fatal disease | NBA News – The Times of India

March 27, 2026

No shortage of oil and gas, won't impose curbs: Govt | India News – The Times of India

March 27, 2026

PM Modi to meet CMs today on West Asia conflict preparedness | India News – The Times of India

March 27, 2026

Dowry claims lives of thousands, do not give bail for such deaths mechanically: SC | India News – The Times of India

March 27, 2026

Fewer flights, no fare caps: Domestic airfares set to soar | India News – The Times of India

March 27, 2026

Transgender Bill: President urged not to grant assent to transgender bill | India News – The Times of India

March 27, 2026
Add A Comment
Leave A Reply Cancel Reply

Economy News

“My journey living with HIV”: Years later, Lakers legend Magic Johnson makes candid admission about fighting with fatal disease | NBA News – The Times of India

By editorialMarch 27, 2026

Magic Johnson. Image via: Allen Berezovsky/ Getty Images Magic Johnson has endured the hardest part…

IPL 2026: Navdeep Saini replaces injured Harshit Rana in KKR, GT name Kulwant Khejroliya in place of Prithviraj Yarra

March 27, 2026

No shortage of oil and gas, won't impose curbs: Govt | India News – The Times of India

March 27, 2026
Top Trending

“My journey living with HIV”: Years later, Lakers legend Magic Johnson makes candid admission about fighting with fatal disease | NBA News – The Times of India

By editorialMarch 27, 2026

Magic Johnson. Image via: Allen Berezovsky/ Getty Images Magic Johnson has endured…

IPL 2026: Navdeep Saini replaces injured Harshit Rana in KKR, GT name Kulwant Khejroliya in place of Prithviraj Yarra

By editorialMarch 27, 2026

2 min readMar 25, 2026 09:58 PM IST Kolkata Knight Riders have…

No shortage of oil and gas, won't impose curbs: Govt | India News – The Times of India

By editorialMarch 27, 2026

NEW DELHI: Govt on Thursday ruled out imposing restrictions on sale of…

Subscribe to News

Get the latest sports news from NewsSite about world, sports and politics.

Facebook X (Twitter) Instagram YouTube

News

  • Education
  • Health
  • National News
  • Relationship & Wellness
  • World News
  • Politics

Company

  • Information
  • Advertising
  • Classified Ads
  • Contact Info
  • Do Not Sell Data
  • GDPR Policy
  • Media Kits

Services

  • Subscriptions
  • Customer Support
  • Bulk Packages
  • Newsletters
  • Sponsored News
  • Work With Us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© Copyright Global News Bulletin.
  • Privacy Policy
  • Terms
  • Accessibility
  • Website Developed by Plenary Media Solution

Type above and press Enter to search. Press Esc to cancel.