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Ministry of Finance Rejects Demand for Rollback of Customs Duty on Newsprint

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There was no import duty on newsprint so far. August 20, 2019 Rejecting demands for the rollback of import duty on the paper used for printing newspapers, Finance Minister Nirmala Sitharaman stated that the 10% customs duty on imported newsprint was imposed to promote domestic manufacturers and the importers will......
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Union Budget 2019 Proposes 10 Percent Custom Duty on Newsprint

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The Indian Newsprint Manufacturers Association has welcomed the decision. They claimed that duty-free cheap imports were making domestic mills unsustainable. Union Finance Minister Nirmala Sitaraman in her maiden budget speech has imposed 10 percent import duty on newsprint and 5 percent import duty on printed books. There was no import......