Standards/ TBTs / IPR-Market Access
With an eye on supporting domestic manufacturers, the government proposed an increase in customs duty on certain imported components used in automobiles. In the Budget 2021-22, the Finance Minister proposed an increase in customs duty of various parts including ignition wiring sets, safety glass and parts of signalling equipment to 15 % with effect from February. The government said the changes in basic customs duty is for creating a level-playing field for the benefit of micro, small and medium enterprises (MSMEs) and other domestic manufacturers.
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