House passes Finance Bill 2026 with last-minute tax tweaks

Traders allowed to exit fixed tax scheme; car import duties slashed up to 56%

Customs duties on cars, jeeps to be slashed 25-50% under NTP as ministries clash

Lawmakers also seek review of tax exemptions benefiting politically connected entities

Inter-ministerial disagreements over duty structure threaten auto policy finalisation

Committee gives govt option to either withdraw concessions or extend to all airlines

Faceless system to be launched in Oct to create blind between taxpayers and taxmen

Pencils, books remain taxed; import age limit lifted for cars meeting standards

Investment minister's protest rejected; inquiry ordered into lack of competitive bidding

Finance Secretary says any relief has to be offset by equal amount of additional revenue and enforcement measures