New Delhi, Oct. 22 -- India's domestic paper industry has raised concerns that recent Goods and Services Tax (GST) reforms could lead to a surge in cheap paper imports, hurting local manufacturers.
The Indian Paper Manufacturers Association (IPMA) warned that the revised tax structure may make India a dumping ground for low-cost foreign paper.
According to IPMA President Pawan Agarwal, uncoated paper - commonly used in exercise books and notebooks - has been exempted from GST, bringing the Integrated GST (IGST) on imported paper down to zero.
This effectively allows foreign paper to enter the Indian market duty-free, while local producers still face embedded input tax costs.
As a result, Indian manufacturers are losing their price com...
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