ANNOUNCED AS TEMPORARYNo
The Indian Ministry of Finance through Notification No. 81/2017–Customs has increased the percentage cap of basic customs duty on the import of certain upholstery fabrics from 10% to 20%. Along with the percentage cap the duty has also has a Rupee value cap (for example, 10% or Rs. 150 per sq.meter) and these absolute values are unchanged in the current notification.
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