rubber for the remaining part of 2010-11, a move that may help meet
the rising demand of the tyre industry.
As much as 40,000 tonnes of natural rubber can be imported till March
31, 2011, at a concessional Customs duty of 7.5 per cent, as against
the existing basic Customs duty level of 20 per cent, the Revenue
Department said.
The tyre industry had been demanding an import duty cut as they
struggled to pass on the rise in raw material costs to the end users.
Natural rubber imports during April-November 2010 totalled 1,43,468
tonnes, showing a 3 per cent increase over the same period of 2009.
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