India reduces import duty on tyres

India has reportedly reduced the import duty on tyres. The peak import duty falls to 20 percent, from 25 percent, while the four percent special additional duty has been abolished. The change reduces duties by about Rs 450 on a Truck/bus tyre, Rs 200 on a light truck tyre and Rs 150 on a car tyre.

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Deepika Global (India) story

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