Goods imported for personal use: FM proposes to reduce tariff 20 per cent to 10 per cent

Описание: Finance Minister proposed a reduction in tariff on goods imported for personal use, lowering the rate from 20 per cent to 10 per cent. The move is aimed at providing relief to individual consumers and simplifying the customs duty structure. Lower tariffs are expected to make imported personal goods more affordable and reduce the cost burden on travellers and residents importing items for non-commercial use. The proposal also reflects the government’s effort to rationalise duties and improve ease of compliance while maintaining revenue balance. Experts say the reduction could help streamline customs processes and bring greater clarity to import rules for personal consignments. The announcement comes as part of broader tariff rationalisation measures outlined by the Finance Minister.

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