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Over 300 items may see customs duty hike in Budget

Jan 27, 2020 14:40 IST

As a measure to boost domestic SMEs, the Commerce and Industry Ministry in its budget recommendations has proposed a hike in customs duty on over 300 items like toys, furniture, footwear, coated paper, rubber items among other. Besides giving relief to the domestic industry and boosting employment, the move is expected to keep imports down and help to raise revenue.

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