India’s Leather Import Duty to Return

4 February 2021

The Finance Minister also announced a rise in customs duty on finished synthetic gem stones, to encourage their domestic processing.

Further measures proposed by the Finance Minister, to benefit MSMEs, also included a duty increase from 10% to 15% on imported steel screws and plastic builder wares. Sitharaman also announced an exemption of import duty on garments, to give a boost to the local garment industry.

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