Paints and varnishes (including enamels and lacquers) based on synthetic polymers are under 18% tax slab. File Photo Paints and varnishes (including enamels and lacquers) based on synthetic polymers are under 18% tax slab. Retreaded or used tyres and flaps, inner tubes of rubber attract 18% tax. Trunks, suit-cases, vanitycases, executive-cases, brief-cases also fall under 18% tax bracket. File Photo Trunks, suit-cases, vanitycases, executive-cases, brief-cases also fall under 18% tax bracket.

Source: Indian Express November 11, 2017 05:59 UTC