More than 300 items may see customs duty hike in Budget

Besides giving relief to the domestic industry and boosting employment, the move will help to keep imports down and raise revenue. Many of these are industries which are essentially concentrated in the SME sector and employment intensive. The industry ministry in its budget recommendations has proposed rationalisation of basic customs on over 300 items.

from Economy-News-Economic Times https://ift.tt/2uSaWch