Lawstreet Journal

Government in Huddle as Fragrance Of Chinese Agarbattis Spreads Far And Wide

Lawstreet Journal 12 Jun 2020 12:25am

Image courtesy: Lawstreet Journal Executive Government in Huddle as Fragrance Of Chinese Agarbattis Spreads Far And Wide

A high-level meeting this week in New Delhi will chart a revival path for the indigenous industry. A proposal to hike import duties on round bamboo sticks or raw agarbatti sticks tops the agenda.

With immediate effect, the customs duties on imports of bamboo by agarbatti producers have been raised to 25 percent from the current 10 percent. The move is to promote domestic bamboo use as part of the Atma Nirbhar Bharat program. The 25 percent customs duty rate will now apply universally to every bamboo import, including by traders, said in a tweet the Central Board of Indirect Taxes and Customs.

“Customs duty on bamboo imports by agarbatti manufacturers hiked from 10% to 25% with immediate effect to encourage the use of domestic bamboo for Atma Nirbhar Bharat. The 25% customs duty rate shall now uniformly apply to any import of bamboo, including by traders #AatmaNirbharDesh” They further tweeted.

Uniform rate will help in avoiding misuse and rates related disputes. This measure will benefit farmers immensely. MSME agarbatti manufacturers also gain, as earlier only the large agarbatti manufacturers were able to import bamboo at lower rate @nsitharamanoffc @ianuragthakur” -another tweet read. 

Various research reports suggest that India annually imports finished raw agarbatti to the tune of 1.10 lakh tonnes and round bamboo sticks to the tune of 40,000 tonnes. The Customs duty on raw agarbatti was 20 percent and 30 percent on round bamboo sticks. However, the Centre brought duty on raw agarbatti to zero and a concession duty of 10 percent is applied… Continue Reading...

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