Customs duty hiked on bamboo imports from 10% to 25%

Union Government has hiked Customs duty on bamboo imports by agarbatti manufacturers from 10 per cent to 25 per cent with immediate effect. Finance Ministry has said that the decision has been taken to encourage use of domestic bamboo under the  Aatmanirbhar Bharat scheme. The 25 per cent customs duty rate shall now uniformly apply to any import of bamboo, including by traders.   Government said, uniform rate will help in avoiding misuse and rate-related disputes. This measure is seen to benefit...