Indian Newspaper Society (INS) Plea On Customs Duty For Newsprint

Indian Newspaper Society (INS) Plea On Customs Duty For Newsprint

NEW DELHI: The Indian Newspaper Society (INS) has requested the Government of India to withdraw the 10% customs duty imposed on newsprint, uncoated paper used for printing of newspapers and light weight coated papers used for magazines. Publishers of newspapers and magazines are already reeling under severe financial pressure due to many factors like lower advertisement revenues, higher costs and digital onslaught from technological giants. Small and medium newspapers will go into deeper losses and many of them will be forced to close down. The INS calls for urgent intervention of the Government to save Indian newspaper industry by scrapping the unbearable burden imposed on it, a press release said.

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