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In June 2020, the Union Government has hiked Customs duty on bamboo imports by agarbatti manufacturers from 10 per cent to how much per cent with immediate effect?

In June 2020, the Union Government has hiked Customs duty on bamboo imports by agarbatti manufacturers from 10 per cent to how much per cent with immediate effect? Correct Answer 25

  • Union Government has hiked Customs duty on bamboo imports by agarbatti manufacturers from 10 per cent to 25 per cent with immediate effect.
  • The decision has been taken to encourage the 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.

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