Govt hikes customs duty on 19 items to narrow CAD

Your imported air conditioners, refrigerator and washing machine is set to get dearer as the government has hiked customs duty on these items to 20 per cent from the existing 10 per cent. Following up on its announcement to impose curb on imports, the government will hike basic customs duty on 19 items to curb ballooning current account deficit.
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TVS |Import Duty |current account deficit |customs duty |CAD |air conditioners |Modi govt |refrigerator
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