Customs Duty

Textile sector seeks changes in customs duty on fabrics

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The first-ever meeting of the newly constituted Textile Advisory Group for man-made fibre under the Ministry of Textiles has offered hope for changes in customs duty on knitted fabrics to reduce imports. R.K. Vij, secretary general of the Polyester Textile Apparel Industry Association, said he raised the issue of “illegal and undervalued import of Chinese … Read more

Rationalisation of duty structure important for fast adoption of new technologies: BMW India Head

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Rationalisation of the duty structure is critical for the fast adoption of new technologies, including electric vehicles, BMW Group India President Vikram Pawah said on Thursday. He stressed on a level-playing field in terms of taxation for the existing as well as for new players who seek to foray into the country. “Our ask from … Read more