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Import Duty on Commercial Products

Dated:- 1-8-2015 - Representations have been received in the Ministry of Finance from State Governments of Karnataka and Andhra Pradesh to hike Import Duty on Raw Silk from 10% to 30% or at least to15%. The proposal for reduction in basic Custom Duty on Raw Silk from 15% to 10% was received in Ministry of Finance from Ministry of Textiles. The same was examined and Duty on Raw Silk (not thrown) was reduced from 15% to 10%, vide Notification No. 28/2015-Customs, dated 30th April, 2015 (G.S.R. 338 .....

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