Money Saver India

Higher duty for nonessential luxury items

The government may increase import duties on what it calls non-essential luxury items, including air-conditioners, refrigerators and expensive watches, in another attempt to contain the burgeoning current account deficit (CAD). Go here for more.

The government may increase import duties on what it calls non-essential luxury items, including air-conditioners, refrigerators and expensive watches, in another attempt to contain the burgeoning current account deficit (CAD). Go here for more.

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