Government hikes customs duty on 19 items to curb widening CAD - News Summed Up

Government hikes customs duty on 19 items to curb widening CAD


of plastics 10 15 Articles of plastics for conveyance and packing such as boxes, case, containers, bottles, insulated ware etc. 10 15 Tableware, kitchenware and other household items of plastics 10 15 Miscellaneous items of plastics such as office stationery, fitting for furniture’s, decorative sheets, statuettes, beads, bangles etc. 10 15 Trunks, Suitcase, Executive cases, Brief Cases, travel bags and other bags etc. 10 15 Aviation turbine fuel 0 5Your imported air conditioners, refrigerator and washing machine is set to get dearer as the government has hiked customs duty on these items to 20 per cent from the existing 10 per cent.Following up on its announcement to impose curb on imports, the government will hike basic customs duty on 19 items to curb ballooning current account deficit. "The central government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items.


Source: Economic Times September 26, 2018 13:48 UTC



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