New Delhi, Dec 6 || Finance Minister Nirmala Sitharaman on Saturday said that after income tax and GST reforms, the next focus of the government is the simplification of the customs tax system.
Speaking at the Hindustan Times Leadership Summit here, the minister said that the government has moved to a “faceless” income tax system online and now, “the same virtues will have to be brought to customs”.
She further stated that smuggling of illegal goods is still a serious problem.
"We have brought down custom duties in the last two years steadily. Customs is the next big assignment," FM Sitharaman noted.
On the Indian rupee vs US dollar debate, Sitharaman said that rupee will find its own natural level, after the currently hit an all-time low of 90 against a US dollar this week.
“Rupee and currency exchange rates are sensitive issues. We raised it much better while we were in the opposition. Inflation rate was so high back then, economy was fragile then and when your currency also takes a hit, it is nobody's bright spark," she said.