Over Rs 1.52 lakh cr locked in Customs disputes; govt may look at amnesty scheme in FY27 Budget

Price Waterhouse & Co suggests the government consider an amnesty scheme in the 2026-27 Budget to resolve over Rs 1.52 lakh crore in customs duty litigations. The firm also advocates for rationalizing customs duty slabs to 5-6 and reducing duties on raw materials to address inverted duty structures arising from Free Trade Agreements.