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Cut in import duty on blankets to affect domestic manufacturing units

Related Keywords: central government, decision to cut levy of import duty, fifteen percent exported, forced to shut down units, four crore workers engaged, GST from twenty nin percent to sixteen percent all imported blankets and fabrics, textile and mink blanket manufacturing units, units produce nearly 1.5 lakh mink blankets every day

The Central government’s decision to cut the levy of import duty and GST from 29 percent to 16 percent on all imported blankets and fabrics will leave over four crore workers engaged in the country’s textile and mink blanket manufacturing units with a dreary future. These units produce nearly 1.5 lakh mink blankets every day, out of which 15 percent are exported to North America, Europe, Russia and Australia.

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