hiked

Import duty on bamboo for agarbatti industry hiked to 25%

In an effort and hard work to curb an additional import from China, India on Tuesday hiked import duty on bamboo for agarbatti (incense adhere) to twenty five for each cent.

“Customs duty on bamboo imports by agarbatti manufacturers hiked from ten for each cent to twenty five for each cent with instant result to stimulate use of domestic bamboo for AtmaNirbhar Bharat,” Central Board of Oblique Taxes and Custom (CBIC) reported in a tweet. CBIC is apex coverage making body for oblique taxes this kind of as Products & Solutions Tax (at Central stage) and Custom Duty.

The board

Read More