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Higher duties on imported footwear, ie sports shoes etc are expected to boost the domestic footwear industry.
Few categories of imported knitted fabrics are now subject to higher import duties. The duty (BCD or Basic Customs Duty) on knitted fabrics has been changed from 10 per cent to 20 per cent.
The increase in duties on imported candles and tapers can bolster domestic candle-making industries.
The budget has raised import duties on smart meters, critical components for energy management & renewable energy production. This increase is part of the government's push to encourage domestic manufacturing.
Luxury items like yachts and other vessels are often seen as status symbols. But increased tariffs on these items may prompt domestic manufacturing of these high-end leisure products.
The increase in duties on PVC flex films, PVC flex sheets, and PVC flex banners has a direct impact on the advertising and printing industries and will indirectly affect shops, advertisers etc that use them.
There is an increase on the BCD on interactive flat-panel displays from 10 per cent to 20 per cent, but this apparently does not affect televisions.