×
133
Fashion Jobs
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
India Sports Marketing Manager
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Senior Security Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Director of Engineering , Retail Commerce – Consumer Marketplace, Icc, India
Permanent · Bengaluru
BROADCAST THE COMPANY
Digital Marketing Internship
Internship · MUMBAI
NIKE
Senior Software Engineer Iii – Retail Commerce Pos, India - Consumer & Marketplace Icc
Permanent · Bengaluru
NIKE
Senior Software Engineer ii – Retail Commerce Pos, India - Consumer & Marketplace Icc
Permanent · Bengaluru
SHAYA BY CARATLANE
Merchandiser & Planner
Internship · MUMBAI
NIKE
Senior Software Engineer Iii, India – Marketing Technology Icc
Permanent · Bengaluru
SS HOMME - SARAH & SANDEEP
Marketing And PR Intern
Internship · MUMBAI
Published
Feb 2, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Proposed increase in leather customs duty causes concerns over price hike

Published
Feb 2, 2021

Leather manufacturers fear the proposed imposition of a 10% basic customs duty on leather imports will lead to an increase in prices in the Indian market, which could harm domestic footwear and leather goods businesses. 

The government's plan to raise customs duty on leather has led some businesses to fear a price hike - Shutterstock

 
The Union Minister of Finance Nirmala Sitharaman has proposed raising the duty rate on a number of categories of leather from nil to 10%, which caused a number of leather industry players to speak out on Monday, ET Bureau reported. The categories proposed for a duty hike include wet blue chrome tanned leather, crust leather, and finished leather of all kinds, including splits and sides.
 
“The 10% customs duty hike on the leather is in line with its intention to promote local sourcing and might lead to an increase in costs till we manage to find alternate sourcing hubs without compromising our quality standards though we do welcome the intention of being self-reliant,” said Woodland owner Aero Club’s managing director, Harkirat Singh, the Press Trust of India reported. 

As an increase in customs duty would drive up costs for leather goods manufacturing businesses, which source their leather outside India, this could necessitate a price increase, at least in the short term.

Higher prices would make Indian products less competitive in the global market, which could lead Indian businesses to lose out to manufacturers based in other countries, which do not incur the same costs. However, in the long term, the proposed policy could benefit workers in the domestic tanning industry. 

Copyright © 2021 FashionNetwork.com All rights reserved.