what did the british government do to discourage the import of indian textiles
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The government has doubled import duty on over 50 textile products -- like jackets, suits and carpets - to 20 per cent, a move that is aimed at promoting domestic manufacturing.
The Central Board of indirect Taxes and Custom (CBIC) late last night notified list of textile products on which duties have been hiked to 20 per cent. It has also raised the ad-valorem rate of duty for certain items.
The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments.
The Central Board of indirect Taxes and Custom (CBIC) late last night notified list of textile products on which duties have been hiked to 20 per cent. It has also raised the ad-valorem rate of duty for certain items.
The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments.
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British discourage the import of indian textiles by passing the calico act , which banned the import of printed cotton cloth into England. This meant that the indian cloth tgat reached englandwas more expensive than the locally produced cloth.
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