Government raises import duty on certain textile apparels, fibres
Updated: Jul 18, 2018 06:53:42am
Government raises import duty on certain textile apparels, fibres
New Delhi, July 18 (KNN) In a bid to protect domestic textile industry, government of India has raised the import duties on large number of textile apparels, fibres and related products such as carpets by up to 20%.
Spread across 37 broad tariff areas, the import duties, however, target products for which India’s imports are low.
This includes textile apparels and accessories, hosiery item and certain types of vegetable based textile fibres, among others.
Effective duty rate for most of these items have been doubled.
According to a notification issued by the Central Board of Indirect Taxes and Custom, there have been 45 changes and these include a change in specific rates as well as ad valorem rates.