Question
Consider the following statements with reference to
indirect taxes in Budget 2020. 1. Custom duty was raised on footwear fromĀ 25% to 35% and on furniture goods from 20% to 25%. 2. Basic customs duty on imports of newsprint and lightĀ - weighted coated paper was reducedĀ from 10% to 5%. Which of the statements given above is/are correct?Solution
The correct answer is D
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