Related Keywords: 2018 National Budget, aimed at protecting local textile industries, begin effect tax measures, fabric specification declaration form, Finance minister Patrick Chinamasa, from ten to thirty percent, imported cotton fabric, influx dumped cheap imported fabrics, proposed to increase customs duty, starting from January, tariff codes
Finance minister Patrick Chinamasa in his 2018 National Budget statement announced that the government to begin effect tax measures starting from January1 aimed at protecting local textile industries.
He said that it is proposed to increase customs duty on imported cotton fabric from 10% to 30% plus $2,50 per kilogramme, with effect from January 1, 2018.
Notwithstanding support measures availed by government to the textile manufacturing industry, the sector continues to face competition due to the influx of dumped cheap imported fabrics.
