328 Tariff Lines Covering Carpets, Apparels and Other Textile
Products Duty Doubled to 20% from 10%
A hike in import duty is expected to provide relief to the
domestic textile industry, which has been hit by a rise in imports of certain
products
India doubled the import tax
on more than 300 textile products to 20% on Tuesday as the worlds biggest
producer of cotton tries to curb rising imports from China.
It was the second tax hike on
textiles in as many months after an increase on other products including fibre and apparels last month.
The moves are expected to
provide relief to the domestic textile industry, which has been hit by cheaper
imports. Indias total textile imports jumped by 16% to a record $7 billion in
the fiscal year to March 2018. Of this, about $3 billion were from China.
The government did not
disclose details of the 328 textile products that will be subject to the duty
increase announced on Tuesday.
Rising imports sent Indias
trade deficit with China in textile products to a record high $1.54 billion in
2017/18, alarming industry officials as India had been until recently a net
exporter of textile products to China.
Indias imports of textile
products from Bangladesh, Vietnam and Cambodia also jumped in the last few
years as they are not subject to any duty under free trade agreements (FTA)
signed by India with these countries.
The 20% duty will not be
applicable to products sourced from those countries due to the FTA, Jain said.
Industry officials say in the
last few months Chinese fibre has been shipped to
Bangladesh and processed and exported to India with zero duty.
Rules of origin need to be
implemented for textile products. Otherwise Chinese products will land from
other countries, said a Mumbai-based garment exporter, who declined to be
named.
Indias trade differences with
the United States have also been rising since President Donald Trump took
office.
India, the worlds biggest
buyer of US almonds, in June decided to raise import duties on almonds and some
other US imports by 20%, joining the European Union and China in retaliating
against Trumps tariff hikes on steel and aluminium.
The increased tariff on US goods will be applicable from 18 September.
[Notification
No. 58/2018-Customs dated 7 August 2018]
Seeks to further amend notification No. 82/2017-customs dated 27th
October 2017, to increase Ad-valorem component of BCD from 10% to 20% on 328
tariff lines of carpets, apparels and other textile products.
In exercise of the powers conferred
by the sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the
Central Government, hereby makes the following further amendments in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue), No. 82/2017, dated the 27th
of October, 2017, published in the Gazette of India, Extraordinary vide number G.S.R.1341 (E), dated the 27th of
October, 2017, namely: -
In
the said notification, in the Table, -
(i) for serial number 105 and the entries
relating thereto, the following serial number and entries shall be substituted,
namely:-
|
105 |
5701 |
All goods |
20%; |
(ii) serial number 105A and the entries relating thereto shall be
omitted;
(iii) against serial numbers 106, 108, 110,
111 and 112, in column (4), for the figures 10%, the figures 20% shall be
substituted;
(iv) after
serial number 112 and the entries relating thereto, the following serial
numbers and entries shall be inserted, namely: -
|
112A |
5702 91(except 5702 91 20) |
All goods |
20% |
|
112B |
5702 91 20 |
All goods |
10%; |
(v) against serial numbers 113, 114 and 119, in column (4), for
the figures 10%, the figures 20% shall be substituted;
(vi) after
serial number 119 and the entries relating thereto, the following serial
numbers and entries shall be inserted, namely: -
|
119A |
5704 20 (except 5702 20 20) |
All goods |
20% |
|
119B |
5704 20 20 |
All goods |
10%; |
(vii) against serial numbers 170, 171, 172,
173, 174, 175 and 176, in column (4), for the figures 10%, the figures 20%
shall be substituted;
(viii) for serial number 177 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
177 |
6103 (except 6103 29 10 and 6103
29 20) |
All goods |
20%; |
(ix) for
serial number 177A and the entries relating thereto, the following serial
number and entries shall be substituted, namely: -
|
177A |
6103 29 10, 6103 29 20 |
All goods |
10%; |
(x) against serial numbers 178, 179, 180, 181, 182, 183, 184,
185 186,189, 190, 191, 193, 194, 195, 196, 197, 198, 199 and 200, in column
(4), for the figures 10%, the figures 20% shall be substituted;
(xi) for
serial number 201 and the entries relating thereto, the following serial number
and entries shall be substituted, namely:-
|
201 |
6108 29, 6108 31 00, 6108 32, 6108
39 (except 6108 39 10) |
All goods |
20%; |
(xii) for serial number 201A and the entries relating thereto, the
following serial number and entries shall be substituted, namely: -
|
201A |
6108 39 10 |
All goods |
10%; |
(xiii) against serial numbers 202 and 203, in
column (4), for the figures 10%, the figures 20% shall be substituted;
(xiv) for serial number 204 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
204 |
6108 99 (except 6108 99 20) |
All goods |
20%; |
(xv) after
serial number 204 and the entries relating thereto, the following serial number
and entries shall be inserted, namely: -
|
204A |
6108 99 20 |
All goods |
10%; |
(xvi) against serial numbers 207 and 209, in
column (4), for the figures 10%, the figures 20% shall be substituted;
(xvii) for serial number 210 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
210 |
6111,6112(except 6112 19 10, 6112
20 10, 6112 49 10) |
All goods |
20%; |
(xviii) for
serial number 210A and the entries relating thereto, the following serial
number and entries shall be substituted, namely: -
|
210A |
6112 19 10, 6112 20 10, 6112 49 10 |
All goods |
10%; |
(xix) for serial number 212 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
212 |
6114, 6115, 6116, 6117 |
All goods |
20%; |
(xx) serial number 212A and the entries relating thereto shall be
omitted;
(xxi) against serial numbers 211, 213, 214, 215, 216, 217, 219, 220,
221, 222, 223, 224, 225, 226, 227, 228, 230, 231, 233, 235, 236, 240, 241, 242,
243, 244, 245, 247, 248, 250, 251, 252, 253, 258, 260, 261, 264 and 265, in
column (4), for the figures 10%, the figures 20% shall be substituted;
(xxii) for serial number 266 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
266 |
6207 19 (except 6207 19 30) |
All goods |
20% or Rs.
30 per piece, whichever is higher; |
(xxiii) after serial number 266 and the entries relating thereto, the
following serial number and entries shall be inserted, namely: -
|
266A |
6207 19 30 |
All goods |
10% or Rs.
30 per piece, whichever is higher; |
(xxiv) against serial numbers 267, 268, 269, 270,
271, 272, 273, 274 and 275, in column (4), for the figures 10%, the figures
20% shall be substituted;
(xxv) for serial number 276 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
276 |
6210 30 |
All goods |
20% or Rs.
305 per piece, whichever is higher; |
(xxvi) against serial numbers 279, 280, 281, 282,
283, 284, 285 and 286, in column (4), for the figures 10%, the figures 20%
shall be substituted;
(xxvii) for serial number 287 and the entries relating thereto, the
following serial number and entries shall be substituted, namely:-
|
287 |
6214 10 (except 6214 10 30) |
All goods |
20% or Rs.
390 per piece, whichever is higher; |
(xxviii) after serial number 287 and the entries relating thereto, the
following serial number and entries shall be inserted, namely: -
|
287A |
6214 10 30 |
All goods |
10% or Rs.
390 per piece, whichever is higher; |
(xxix) against serial numbers 288 and 289, in
column (4), for the figures 10%, the figures 20% shall be substituted;
(xxx) for serial number 290 and the entries relating thereto, the following
serial number and entries shall be substituted, namely:-
|
290 |
6214 90 (except 6214 90 21, 6214
90 22, 6214 90 31, 6214 90 32) |
All goods |
20% or Rs.
75 per piece, whichever is higher; |
(xxxi) after serial number 290 and the entries relating thereto, the
following serial number and entries shall be inserted, namely: -
|
290A |
6214 90 21, 6214 90 22, 6214 90
31, 6214 90 32 |
All goods |
10% or Rs.
75 per piece, whichever is higher; |
(xxxii) against serial numbers 291, 292 and 293, in
column (4), for the figures 10%, the figures 20% shall be substituted.
[F.
No. 354/123/2017-TRU (Pt.)]