Aug 08, 2018
Government doubles import duty on 328 textile items to 20%
The government today doubled import duty on as many as 328 textile products to 20 percent to provide a boost to manufacturing of these items in the country. A notification to this effect was tabled by Minister of State for Finance Pon Radhakrishnan in the Lok Sabha.
The notification said it seeks to "increase customs duty on 328 tariff lines of textile products from the existing rate of 10 percent to 20 percent under Section 159 of the Customs Act, 1962".