10 Aug 2018
INDIA: Import Duty Doubled to 20% on an Additional 328 Textile Categories
Import duty is set to double to 20% on an additional 328 textile product categories. This follows an earlier announcement that just 50 such categories would be liable for the surcharge. Among the categories affected by this second duty hike are woollen garments, scarves, shawls, sleepwear, innerwear, sportswear, swimwear and silk/man-made fibre ensembles.
The move form part of the government’s ongoing bid to boost domestic production in line with the objectives of the Make in India initiative.