India Introduces 10% Import Duty on Newsprint and LWC
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State media reports that it's national paper industry applicable BCD exemption on imports of newsprint, and uncoated and lighweight-coated (LWC) magazine paper has been valid since June, 30 of 2017. The withdrawal of the exemption will result in a 10% custom tariffs on publication paper.
The government also introduced a 5% BCD tariff on printed books and manuals.
India is largely dependent on publication paper imports and the new tariffs are expected to result in higher cost for printers and publishers. The Indian Newspaper Society immediately reacted asking the government to cancel the tariffs on newsprint and magazine paper imports.
