In recent months, the prices of rubber in the domestic market have fallen considerably. The fall in prices is stated to be due to increased imports. To protect the interest of rubber growers, the basic customs duty on natural rubber has been increased from 20% or Rs 20 per kg, whichever is lower, to 20% or Rs 30 per kg, whichever is lower, vide notification No. 51/2013-Customs dated 20-12-2013. Over 12 lakh farmers who are dependent on this crop for their livelihood, are to be benefitted.

Increase in basic customs duty on natural rubber to protect growers by curbing import-driven price declines. Increase in basic customs duty on natural rubber instituted to protect growers by raising the import charge applicable to imported rubber, thereby seeking to check import driven domestic price declines through amendment of the customs duty schedule via formal notification.