“Budget Proposals Will Lead to Growth of Tiles and Marble Business,” Kamlesh Patel, Asian Granito Ltd
The FM’s proposal to increase basic customs duty on tile and ceramic products to 15% from existing 10% will safeguard the domestic ceramic tile industry from the cheap imports and will strengthen the domestic industry. To address the problem of duty inversion, custom duty on marble slabs is doubled to 40% from 20% currently. Tax