Budget 2024: FM Propose to Increase Customs Duty on 10 to 25 % on Plastic

In the 2024 Budget, the Finance Minister proposed raising customs duties on plastic from 10% to 25%. This move is aimed at reducing plastic imports and encouraging the use of eco-friendly alternatives. By increasing duties, the government seeks to address environmental concerns related to plastic waste and promote sustainable practices. The proposal aligns with broader environmental objectives and supports domestic manufacturing of alternative materials.