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import duty on newsprint

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In a letter to Sitharaman, INS said that the industry is reeling under a crisis as both advertisement and circulation revenue have dropped considerably.(Ravindra Joshi/HT PHOTO)

Publishers seek relief for print media

By Shuchi Bansal, Lata Jha, New Delhi
UPDATED ON JAN 18, 2021 06:59 AM IST
“The print media industry needs the removal of customs duty on imported newsprint. This will help manage costs,” Jayant Mammen Mathew, executive editor of Malayala Manorama Co., told Mint.
Union finance minister Nirmala Sitharaman announced on Saturday a reduction in basic customs duty on imports of newsprint and lightweight coated paper from 10% to 5%.(Reuters (Representative Image))
Union finance minister Nirmala Sitharaman announced on Saturday a reduction in basic customs duty on imports of newsprint and lightweight coated paper from 10% to 5%.(Reuters (Representative Image))

Govt proposes to slash import duty on newsprint to 5%

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2020 06:03 AM IST
Addressing the Lok Sabha while presenting her second Union Budget, Sitharaman said she had received references saying that the levy on newsprint has put additional burden on the print media at a time when it is going through a difficult phase.
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