The Economic Times

Budget 2026: Too many customs disputes, too little closure. Can an amnesty clear the air?

Union Budget news: India faces a significant backlog of customs disputes. A Customs Amnesty Scheme could offer a one-time settlement for eligible cases. This would reduce litigation, ease pressure on courts, and improve revenue collection. The scheme would focus on non-fraudulent disputes, drawing lessons from successful GST and DGFT initiatives. This reform aims to benefit the government, industry, and judiciary.