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India Raises Customs Duty on Rubber to 30 Rupees/Kg

By Anto Antony

Dec. 22 — India increased customs duty on natural rubber imports to 20% or 30 rupees per kg, whichever is lower, finance ministry says in statement.

* Duty is raised from 20% or 20 rupees per kg: statement

* Prices in local markets fell in recent months due to increased imports: statement

Source: Bloomberg

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