Sunday, December 22, 2013

Import duty hiked

The import duty on natural rubber will be 20% or `.30 a kg, whichever is lower, according to a senior Finance Ministry official. The new duty has come into effect from 20th December 2013. Government has kept the ad valorem rate at the same level, while the specific rate is fixed. The specific rate will come into play when prices of imports fall. As a result RSS4 at Kottayam closed at `.156 a kg on Saturday. For more details visit /Statistic / Notice.

Read lot more in Rubber4U – 1st January 2014 issue

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