Govt to rectify import duty disparity between natural rubber & tyres

摘要

The government said work was underway to correct within a month the import duty disparities between natural rubber and tyres, in order to protect the domestic industry. At present, raw rubber imports attract 20 per cent duty, whereas import duty is 10 per cent on tyres. From China and South Korea, duty on tyre imports is only 8.6 per cent. "Give me a month's time, we are trying to sort out the problem of inverted duty structure," Commerce Secretary Rahul Khullar told reporters on the sidelines of a CII event here.