New Delhi:
The Minister of Finance, Nirmala Sitharaman Aatmanirbhar (self -sufficient).
Mrs. Sitharaman was responding to Sanjay Puggalia of NDTV on whether the budget announcement to reduce the duty of custom for many cars, which will benefit companies such as Tesla and Harley Davidson, is a sign in the midst of the US president’s announcements Donald Trump.
“We are seeing our own economy. We are looking to strengthen the basis of the Indian economy, to be a manufacturing center,” he said.
Mrs. Sitharaman added that the announcement of the Budget of the Union to reduce the tax objectives of the custom of making cheap raw materials available for mipyme, obtain critical minerals and allow Indian companies to import materials and export a finished product of High value.
Tariffs on Harley Davidson bicycles were cut later before the US visit. Prime Minister Narendra Modi. For motorcycles with motor capacity that does not exceed 1600 cc, duty in CBU (completely built) has been reduced from 50 percent to 40 percent. For larger motorcycles with motor capacity greater than 1600 cc, the reductions are higher.
Although the duty of basic customs over the importation of cars and other motor vehicles has also been reduced, it is not clear if their effective tax rates will change.
The finance minister said that the Government has created a balance between the strengthening of the base of a ‘Vksit Bharat’ and equally focused on key sectors such as health, nutrition and education through well -being schemes.
He also rejected the criticism of the opposition that the center led by BJP was only trying to attract voters in Bihar and Delhi through the ads in the Budget of the Union.
Mrs. Sitharaman presented the 2025-26 Union Budget, its eighth consecutive presentation, Saturday.
By
