Domestic manufacturing gets a push in Budget with changes in custom duty

The Budget doubled the basic custom duty on kitchen chimneys to 15%, on bicycles from 30% to 35%, and toys and parts of toys (except electronic toy parts) from 60% to 70% which will increase the prices of the imported products. This, in turn, will make locally manufactured products cost competitive.

Domestic manufacturing gets a push in Budget with changes in custom duty
The Budget doubled the basic custom duty on kitchen chimneys to 15%, on bicycles from 30% to 35%, and toys and parts of toys (except electronic toy parts) from 60% to 70% which will increase the prices of the imported products. This, in turn, will make locally manufactured products cost competitive.