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Leather industry fears supply crunch with export duty cut on raw hide

The move would adversely affect leather value chain from tanning to finished goods, especially at a time when finished leather exports were already down, it says

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Leather industry | budget 2019

Virendra Singh Rawat  |  Lucknow 

The domestic leather industry has rued the proposal to impose a sharp export duty cut on raw leather and hide from 60 per cent to 40 per cent in the Union Budget 2019 tabled in Parliament last week. Fifteen per cent export duty on EI (Eastern India) tanned leather was also abolished on July 5.

At present, the share of these items is not big in the leather export basket, but an increase in their export after budget incentives is expected to create a supply crunch. Industry players, including leather goods manufacturers and tanneries, are apprehensive the cut proposal would create acute raw ...

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First Published: Mon, July 08 2019. 18:37 IST
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