Duty on imported footwear & furniture hiked; spl attention taken to put measured restraint on import of items produced by our MSMEs with better quality: FM

New Delhi, Feb 1 (KNN) In the Union Budget 2020-21, the customs duty on imported footwear and furniture has been proposed to be hiked.

Finance Minister Nirmala Sitharaman, who cut short her Budget speech after feeling unwell towards the fag end.

In her budget speech, the finance minister said, “Labour intensive sectors in MSME are critical for employment generation. Cheap and low-quality imports are an impediment to their growth.”

She said special attention has been taken to put measured restraint on import of those items which are being produced by our MSMEs with better quality.

Keeping in view the need of this sector, customs duty is being raised on items like footwear and furniture. (KNN Bureau)

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