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Govt may look at addressing inverted duty structures in washing machines, air purifiers

By Economic Times - 4 months ago
The government is considering addressing the issue of an inverted duty structure for various products to boost domestic manufacturing. The products include paper, furniture, washing machines, solar glass, and air purifiers, the Commerce and Industry Ministry with the Finance Ministry shared after consultations with industry associations and export promotion councils. This is being done as the disparity in taxation on inputs versus finished goods hinders competitiveness, export potential, and production growth.

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