You are here: Home » PTI Stories » National » News
Business Standard

Govt doubles import duty on 328 textile items to 20 pc

Press Trust of India  |  New Delhi 

Imported innerwear, pyajamas, baby garments, track suits and swimwear will cost more with the government today doubling customs duties on 328 to 20 per cent.

The move is aimed at promoting domestic of these products in the country as part of the Make in initiative.

The government hiked basic customs duties on items such as carpets, woollen items and ski suits, dressing gowns, druggets, ensemble of silk and artificial fibre, carpets and other textile floorings, and shawls.

The of indirect Taxes and Custom (CBIC) has notified the list of on which duties have been hiked to 20 per cent.

Earlier in the day, a notification to this effect was tabled by Pon Radhakrishnan in the Lok Sabha.

The notification said it seeks to "increase customs duty on 328 tariff lines of from the existing rate of 10 per cent to 20 per cent...under Section 159 of the Customs Act, 1962".

Increase in duties would give an edge to domestic manufacturers as imported products are currently cheaper.

Increase in activity will help create jobs in the sector, which employs about 10.5 crore people.

The textiles industry stated that the move would help promote 'Make in India' as imports of these goods had surged drastically in the last one year especially post GST.

"The decision would would help millions of people get employment in the sector of the various segments of the entire value chain," CITI said in a statement.

The government last month had doubled import duty on over 50 -- including jackets, suits and carpets -- to 20 per cent.

According to trade experts, would not be able to give any direct export incentive to the textile sector, so there is a need to support the segment to encourage domestic manufacturing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 21:35 IST