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Customs duty doubled on over 328 textile products

Kaumimarg.com | August 07, 2018 06:25 PM
Customs duty doubled on over 328 textile products



New Delhi, To promote domestic manufacturing, the government on Tuesday increased the customs duty on over 300 textile products to 20 per cent.

A notification seeking to "increase customs duty on 328 tariff lines of textile products from the existing rate of 10 per cent to 20 per cent under Section 159 of the Customs Act" was tabled in the Lok Sabha by Minister of State for Finance Pon Radhakrishnan.

Last month, the government had increased customs duty on over 50 textile products including woven fabrics, dresses, trousers, suits, jackets, baby garments and carpets.

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