Duty on chemicals up from 10% to 150%; research labs lose work

India's recent budget decision to increase customs duty on laboratory chemicals from 10% to 150% has impacted research centres and labs, significantly straining their financial resources. Academic institutes have seen a surge in costs, prompting calls for exemption from the new tax to avoid jeopardizing the country's research environment.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tmXP3jA
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