Import Tax On Some Textile Products Doubled To 20%

Import Tax On Some Textile Products Doubled To 20%

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.

[“source=ndtv”]