Import duties on more than 50 items are likely to raise

Published On: Saturday, February 1, 2020 | By: Team KnowMyStock

India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, Reuters reported citing officials and industry sources. The government had identified items and decided to increase import tariffs by 5%-10% as recommended by a panel of trade and finance ministry officials. This may cause price rise of many items

Source: various sources

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