Budget Buzz: Customs duty on copper scrap cut from 5% to 2.5%, cotton duty placed at 10%

• Follow

Customs duty on copper scrap is reduced from 5% to 2.5% while customs duty on cotton is hiked from 0% to 10%. The duty on raw silk and silk yarn is also raised from 10% to 15%. To support domestic manufacturing in the solar sector, the duty increased for solar inverters from 5% to 20%.

Powered by Commodity Insights