New Delhi, April 23 -- The government has announced a series of duty reductions and regulatory relaxations to support domestic industry and stabilise supply chains amid ongoing geopolitical disruptions in West Asia.
Relief for leather and footwear sector
In a key move, the Centre has reduced the Basic Customs Duty to zero on critical raw materials used in the leather and footwear industry, including Ethylene Vinyl Acetate (EVA), Polyvinyl Chloride (PVC), Polyurethane (PU) and Solid Bleached Sulphate (SBS).
It has also proposed suspending or removing anti-dumping duties on PVC-based resins, a step aimed at lowering input costs and improving competitiveness for manufacturers facing supply disruptions, reported The Economic Times.
Push...