Less than a month after it doubled import duties on over 70 textile and apparel products, India’s Government has unveiled plans to add another 328 items to the list. The move is aimed at protecting domestic manufacturers from rising imports – especially from China – amid concerns that worsening trade relation between the US and China could aggravate the dumping of cheaper products on the Indian market. The notification tabled recently by Minister of State for Finance, Pon Radhakrishnan, said the government seeks to “Increase customs duty on 328 tariff lines of textile products from the existing rate of 10 per cent to 20 per cent under Section 159 of the Customs Act, 1962.”

Share