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Import duty structure on fabrics in India
Import duty rates on fabrics can vary depending on the trade agreements and treaties signed between India and other countries. For instance, under the Asia-Pacific Trade Agreement (APTA), India provides preferential duty rates to member countries on a range of products, including textiles and clothing.
In India, the import duty on fabrics is structured based on the type of fabric and the country of origin. The applicable duty rates vary from 0% to 20% depending on the fabric type and origin.
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For instance, the import duty on cotton fabrics from countries such as Bangladesh, Pakistan, and Sri Lanka is zero, while the duty on cotton fabrics from other countries is 5%. Similarly, the import duty on silk fabrics from all countries is 10%, while the duty on wool fabrics from all countries is 5%.The Indian government periodically revises the import duty rates on fabrics as part of its trade policy measures. The aim of the duty structure is to protect the domestic textile industry while promoting the country’s trade interests.
The applicable duty rates vary from 0% to 20% depending on the fabric type and origin. For instance, the import duty on cotton fabrics from countries such as Bangladesh, Pakistan, and Sri Lanka is zero, while the duty on cotton fabrics from other countries is 5%.
It is worth noting that the import duty rates on fabrics can vary depending on the trade agreements and treaties signed between India and other countries. For instance, under the Asia-Pacific Trade Agreement (APTA), India provides preferential duty rates to member countries on a range of products, including textiles and clothing.
The import duty structure on fabrics in India is designed to balance the interests of domestic producers and consumers with the country’s trade goals.