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<h1>Karnataka and Andhra Pradesh Urge Finance Ministry to Raise Raw Silk Import Duty from 10% to 30.</h1> The Ministry of Finance received requests from the Karnataka and Andhra Pradesh state governments to increase the import duty on raw silk from 10% to 30% or at least 15%. Previously, the Ministry of Textiles had proposed reducing the basic customs duty on raw silk from 15% to 10%, which was implemented on April 30, 2015. The Ministry of Textiles oversees silk-related matters, with the Central Silk Board monitoring market conditions and imports. Silk prices fluctuate based on demand, supply, and other market factors. This information was provided by the Minister of State in a written reply to the Lok Sabha.
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