India to Remove Equalization Levy on Online Advertisements: FM

India’s federal govt has proposed removal of a 6% equalization levy on online advertisements, Finance Minister Nirmala Sitharaman said.

• Customs tariff rationalization will support manufacturing, promote exports and provide relief to common man, Sitharaman told lawmakers on Tuesday
  • India Likely to Withdraw 6% Equalization Levy From April 1: Mint
• India budget proposes to add 35 items used for EV battery manufacturing to list of duty exempted capital goods, Sitharaman said
  • India budget proposes to add 28 items used for mobile phone manufacturing to list of duty exempted capital goods
  • READ: Trump Pushes ‘Tariff King’ India to Tear Down Trade Barriers ...