Gainers & losers of govt import curbs to stem the slide in rupee

NEW DELHI: The government's latest import duty hike on select non-essential items may bring cheer for some, but grief to others.

Marketmen said the duty hike on aviation turbine fuel (ATF) was unexpected. Even gold import escaping the duty axe has come as a surprise.

Walking the talk, the government has notified hikes in Custom duties on a total 19 non-essential goods as part of its broader efforts to stop the rupee decline.


Total import value of such goods was estimated at Rs 86,000 crore in 2017-18.

The government's move is also aimed at tackling a widening current account deficit. The impact was all visible, with the domestic currency firming up against the dollar today.

Here’s a table from JM Financial that shows how this duty hike will play out across various sectors.