Budget unveils changes in customs duties to promote domestic manufacturing

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Budget unveils changes in customs duties to promote domestic manufacturing

ET BureauLast Updated: Feb 02, 2021, 02:29 AM IST

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Synopsis

Rejig was focussed on electronic and mobile, iron and steel, chemicals, auto parts, renewable energy, textiles, products manufactured by MSMEs and agri products to encourage local production.

Some experts flagged that increase in customs duty on certain iron and steel products may adversely affect the real estate and infrastructure sector.

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