Import duty hiked on over 50 textile products

New Delhi:The government has doubled import duty on over 50 textile products — like jackets, suits and carpets — to 20%, a move that is aimed at promoting domestic manufacturing.
The Central Board of Indirect Taxes and Custom (CBIC) late on Monday night notified list of textile products on which duties have been hiked to 20%. It has also raised the ad valorem rate of duty for certain items.
The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments.
“The duties have been doubled on most of the textile products. It will help boost domestic manufacturing but least-developed countries, including Bangladesh, would continue to enjoy duty-free access to Indian markets,” Federation of Indian Export Organisations DG Ajay Sahai said.

(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)