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India may restructure customs duty on knitted fabric to curb imports

The Indian textile industry is grappling with a flood of cheaper knitted fabric from China. The industry and trade sectors are attributing this influx to under-invoicing. Recently, there was a consensus between industry representatives and the government to seek a solution to this issue. Following this development, it is anticipated that the government might restructure customs duty to counteract the massive imports through the manipulation of HSN codes and their descriptions. 

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