https://www.taxtmi.com/news?id=18531 Consumption of natural rubber rose in 2016-17, outpacing domestic production and creating a consumption-production gap. The Department declined industry requests to alter the duty regime, leaving the Basic Customs Duty on tyres unchanged relative to natural rubber duties. The Government supports increased domestic natural rubber production via the Rubber Board's "Sustainable and Inclusive Development of Natural Rubber Sector" scheme for plantation, research, technology and market development, while synthetic rubber operates in a delicensed and decontrolled sector with the Government as facilitator. en-us Mon, 31 Jul 2017 18:40:38 +0530 Mon, 31 Jul 2017 18:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18531 Consumption of natural rubber rose in 2016-17, outpacing domestic production and creating a consumption-production gap. The Department declined industry requests to alter the duty regime, leaving the Basic Customs Duty on tyres unchanged relative to natural rubber duties. The Government supports increased domestic natural rubber production via the Rubber Board's "Sustainable and Inclusive Development of Natural Rubber Sector" scheme for plantation, research, technology and market development, while synthetic rubber operates in a delicensed and decontrolled sector with the Government as facilitator. News - Mon, 31 Jul 2017 18:40:38 +0530 https://www.taxtmi.com/news?id=18531