Im­port Duty on 328 tex­tile items dou­bled

India Business Journal - - NEWS ROUND-UP -

The gov­ern­ment has dou­bled the Cus­toms Duty on tex­tile prod­ucts for the sec­ond time in a month. The higher duty is ex­pected to fur­ther in­cen­tivise the do­mes­tic in­dus­try. A no­ti­fi­ca­tion to in­crease the Cus­toms Duty on 328 tar­iff lines of tex­tile prod­ucts from 10 per cent to 20 per cent was made public last month. As a con­se­quence, im­ported gar­ment, fab­rics, spe­cialised fab­rics and car­pet, among others, will be­come costlier. The gov­ern­ment ex­pects that the higher duty will help the in­dus­try, which em­ploys nearly 10.5 crore and has been fac­ing stiff com­pe­ti­tion from cheaper im­ports.

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