Indian rubber sector wants import duty on raw materials cut

ERJ staff report (BC)

Chennai – India’s Rubber industry has asked for lower import duty on raw materials compared with finished products in its pre-budget submission to the Government, reports R Balaji of the Hindu Business Line.
According to a note from the All India Rubber Industries Association, in its pre-budget representation, the rubber industry body has asked for a reduction in customs duty on natural rubber to 7.5 per cent or Rs 10 (Euro 0.14) per kg from the prevailing 20 per cent or Rs 20…

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