Quick Summary
The Economic Survey 2025-26 has proposed greater coordination between income tax and customs authorities in the valuation of related-party imports, citing the need to lower compliance costs, reduce litigation and make India more attractive for global manufacturing and investment. In the chapter on
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Survey proposes greater coordination between income tax and customs authorities in valuing related-party imports.
The aim is to lower compliance costs, reduce litigation, and make India more attractive for global manufacturing and investment.
Currently, the same import transaction is reviewed independently by income tax (for transfer pricing) and customs authorities (for valuation), leading to duplicated documentation and higher costs.
A collaborative convergence model is recommended, involving common valuation approaches, shared documentation, and coordinated administrative reviews.
It is expected to reduce compliance burden, minimise disputes, enhance transparency, and improve the ease of doing business.
The changes are expected to position India as a competitive hub within global supply chains, improving its attractiveness for manufacturing and investment.
CAclubindia
