Govt hikes import duty; ACs, fridges to be costlier

The government raised import duty on Wednesday on 19 items, including air conditioners, refrigerators, small washing machines, speakers, footwear, radial car tyres, several gems and household items. The duty hike is expected to make these items costlier. Even air travel may get more expensive as import duty on aviation fuel has been raised to 5%.

from Times of India https://ift.tt/2Q9j6SC