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This Article is From Aug 07, 2018

Import Tax On Some Textile Products Doubled To 20%

The move is expected to provide relief to the domestic textile industry, which has been hit by a rise in imports of certain products.

Import Tax On Some Textile Products Doubled To 20%
The government has increased duty on fabric-related commodities for the second time in a month.

NEW DELHI: Import tax on some textile products has been doubled to 20 per cent, the government said in a statement on Tuesday, increasing duty on fabric-related commodities for the second time in a month.

The move is expected to provide relief to the domestic textile industry, which has been hit by a rise in imports of certain products.

The government last month also raised import duty on some textile products such as fibre and apparels.

 

© Thomson Reuters 2018
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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