Hike in Customs Duty on Textile Products Brings Relief
8 August 2018
FICCI welcomes the increase in basic customs duty on over 300 textile items. The move encourages domestic manufacturing. The increase in import duty on the textile items to 20 per cent will give a further relief to domestic textile and carpet manufacturers. The measures taken by the government in last few months for the textiles sector have been very encouraging and bolster the confidence of the domestic textile industry that has been reeling under the pressure of growing competition and rising costs.