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of <h1>Proposed Reduction in Export Duty on Leather and Hides in Finance Bill 2019-20 to Boost Global Competitiveness.</h1> The Finance (No. 2) Bill, 2019, outlines proposed changes to export duty rates as part of the 2019-20 budget. The export duty on EI tanned leather is proposed to be reduced from 15% to nil. Additionally, the duty on hides, skins, and leathers, both tanned and untanned, is proposed to decrease from 60% to 40%. These adjustments aim to impact the leather export industry by reducing the financial burden on exporters, potentially enhancing competitiveness in the global market.
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