Cheap Imports Current Affairs - 2020

QCI Survey: More than 67% of toys fail to meet the standards

The Quality Council of India (QCI) recently released its survey on imported toys. According to the report, 66.9% of the toys failed the test. Highlights The QCI conducted the testing on toys that were available in the Delhi markets and in the National Capital Region. Around 121 varieties were procured and submitted to NABL (National Read More…

Government raises import duty on 328 textile products to curb imports

Government has doubled import duties on 328 textile products to 20% from existing rate of 10% under Section 159 of the Customs Act, 1962.  Earlier in July 2018, Government had doubled import duty on over 50 textile products — including jackets, suits and carpets to 20%. Significance The increase in duties will give edge to Read More…