The domestic tile industry has been suffering at the hands of cheap imports. But the situation may change, thanks to Finance Minister Nirmala Sitharaman’s proposals for the industry in her maiden Budget. “The Budget will safeguard the domestic ceramic tile industry from cheap imports,” Kamlesh Patel, CMD, Asian Granito says. “Finance Minister’s proposal to increase
Gujarat-based ceramic tile maker Asian Granito (AGL) has recently inaugurated a 25,000-sft display showroom at Himmatnagar, to showcase its entire range of digital, vitrified, ceramic, porcelain, natural marble, composite marble, and quartz tiles. The company outlet displays over 1,400 products that have indoor and outdoor applications. Also on display is AGL’s newly launched range of
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
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