The Chairman of the Central Board of Indirect Taxes and Customs (CBIC), Sanjay Kumar Agarwal, stated in an interview that there is no current proposal with the Finance Ministry to revise duty structures in order to facilitate Tesla’s entry into the Indian market.
Although the Commerce Ministry is working on a plan for this purpose, there have been no discussions with the Finance Ministry.
Agarwal also explained that the recent cuts in customs duty on smartphone components were made to avoid disputes, not due to international pressure.
In addition, Agarwal addressed issues such as the mis-invoicing of goods in India-China trade and the misuse of free trade agreements (FTAs).
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