Post Details

Budget 2020: Govt Hikes Customs Duty On Toys, Furniture, Footwear Products

The government on Saturday increased customs duty on several products, including toys, footwear and furniture items, with a view to promote ‘Make in India’ and boost domestic manufacturing. Customs or import duty on footwear has been increased from 25 per cent to 35 per cent and on parts of footwear to 20 per cent from 15 per cent.