Flying, ACs, Refrigerators To Cost More After Centre Hikes Import Duty

[ad_1]

The government on Wednesday announced hike in customs duty on select items with an aim to curb "non-essential imports" and narrow the current account deficit. The move will be applicable to 19 items, such as aviation turbine fuel (ATF) and consumer appliances such as television, refrigerator, air conditioner and speakers. The revision in customs duty tariffs - or taxes applicable to imports - will take effect from midnight, an official statement said. The total value of imports of these items in 2017-18 was about Rs 86,000 crore, the Ministry of Finance noted.

[ad_2]

Source link