India withdraws duty on jute, jute goods

The Indian government has withdrawn the 14 per cent duty imposed on all types of jute and jute goods, clearing the path for duty-free export to the neighboring country, reports UNB. India had imposed 14 per cent duty, including 4 per cent countervailing duty on export of Bangladesh-made jute and jute goods to India, on January 2011. Upon a request from Bangladesh, India had withdrawn the duty on jute and jute goods of 6305 tariff line on February 14 and jute and jute goods under 5310 and 5705 tariff line on April 20. Finally, the Indian government has withdrawn the duty from jute and jute goods of 5307 and 5607 tariff line on December 23 that cleared the duty-free access of jute and jute goods to India, a commerce ministry press release said on Monday.