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Economy

Government's proposed Border Adjustment Tax on imports, explained

Updated : December 18, 2019 08:59 AM IST

It’s a duty that is proposed to be imposed on imported goods in addition to the customs levy that gets charged at the port of entry.
The concept of a Border Adjustment Tax (BAT) was first publicly announced by Commerce Minister Piyush Goyal at an event in Mumbai on November 30.
Government's proposed Border Adjustment Tax on imports, explained
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