The Ministry of Finance and the Prime Minister's Office (PMO) will soon discuss a fresh overhaul for basic customs duties across categories this week, sources told CNBC-TV18.
These discussions, are primarily to consider the on-going exercise to hike customs duties in line with the 'Atmanirbhar Bharat' program, to support and encourage domestic manufacturing, sources said, who did not want to be named.
'Atmanirbhar Bharat' is a vision announced recently by Prime Minister Modi to make India a self-reliant country.
These discussions are likely to be on more than 300 items and an immediate hike is likely to be approved for “textiles, electronic goods such as cameras and laptops, solar modules, solar panels, and solar inverters.”
Besides, some import restrictions could also be put in place for some steel and aluminium products, sources added.
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