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India cuts BCD tariffs on newsprint imports to 5 per cent

Staples of newspapers.
India introduced 10% import tariffs on publication paper last year
to boost "Make in India". The BCD is now reduced to 5 per cent.
26 Feb 2020 − 

The reduction of the basic customs duties (BCD) applies to imports of newsprint and magazine papers with effect from 2 February.

In the 2019/20 national budget, the Government of India had revoked the exemption of the basic customs duty on imports of publication paper. The withdrawal of the exemption resulted in import tariffs of 10 per cent being introduced on newsprint, light-weight coated (LWC) and uncoated (SC) magazine paper. It also provoked criticism by India's newsprint publishers organised in the Indian Newspaper Society (INS), who are largely depending on publication paper imports.

In its 2020/21 budget, the government decided to reduce the BCD tariffs on publication paper imports from 10 to 5 per cent. The changes in the duty rates took effect from 2 February.

According to the government, the BCD cut on newsprint, uncoated paper and lightweight coated paper "is subject to condition that the importers at the time of import are an establilshment registered with the Registrar of Newspapers for India (RNI)."

In January 2020, India launched an anti-dumping (AD) probe into newsprint imported from or originating in the EU, Russia, Australia, Hong Kong, Singapore and the United Arab Emirates. The AD investigation was introduced upon complaint of the Indian Newsprint Manufacturers Association (INMA).

This article is part of our coverage on the newsprint and publication paper industry in Europe and abroad. The article will be published in EUWID Pulp and Paper no 10/2020 on 4 March.

To gain full access to company news and in-depth market and price reports on major paper and board grades, raw materials and consumables consider subscribing to EUWID Pulp and Paper or start a three-week free trial.

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