FICCI Urges Customs, Tax Reforms in Budget 2026 to Boost Manufacturing
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News18•13-01-2026, 16:23
FICCI Urges Customs, Tax Reforms in Budget 2026 to Boost Manufacturing
- •FICCI seeks faster dispute resolution, simpler tax compliance, and clearer rules for global manufacturers in Budget 2026-27.
- •Addresses over 5.4 lakh pending income tax appeals, urging faster processing, filling vacancies, and timely refunds.
- •Proposes a more practical stay-of-demand framework, allowing bank guarantees instead of mandatory 20% cash deposits.
- •Advocates for tax-neutral fast-track demergers and clarity on contract manufacturing to attract global OEMs to India.
- •Calls for rationalization of TDS rates, restoration of old Associated Enterprise definition, and reforms in buyback taxation.
Why It Matters: FICCI's Budget 2026 recommendations aim to streamline taxes, resolve disputes, and attract global manufacturing to India.
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