• The Centre has doubled the import duty on over 50 textile products like jackets, suits and carpets to 20% in a move that is aimed at promoting domestic manufacturing.

• The Central Board of indirect Taxes and Custom (CBIC) on late Monday night notified a list of textile products on which duties have been hiked to 20%.

• It has also raised the ad valorem rate of duty for certain items.

• The duties have been doubled on most textile products. It will help boost domestic manufacturing.

• However, least developed countries, including Bangladesh, will continue to enjoy duty-free access to Indian markets.

• The imported products that have become expensive include woven fabrics, dresses, trousers, suits and baby garments.

• Experts said according to WTO norms, India will not be able to offer any further incentive to the textile sector and the government has increased import duties with a view to encourage domestic manufacturing.

• An  is a tax based on the assessed value of an item such as real estate or personal property.

• The most common ad valorem taxes are property taxes levied on real estate.

• However, ad valorem taxes may also extend to a number of tax applications, such as import duty taxes on goods from abroad.

The Hindu, LIveMint.