Money Saver India

Possible duty hike for luxury goods

Finance minister P Chidambaram on Tuesday indicated that the government may increase customs duty on luxury goods as well as those that can be manufactured locally as part of a fresh assault against non-essential imports

Finance minister P Chidambaram on Tuesday indicated that the government may increase customs duty on luxury goods as well as those that can be manufactured locally as part of a fresh assault against non-essential imports to rein in the current account deficit (CAD). Go here for more.

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