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NEW DELHI

Executive Committee of Indian Newspaper Society at its emergency meeting urged Union Govt to withdraw the 10% customs duty imposed on newsprint, uncoated paper used for printing of newspapers and lightweight coated papers used for magazines.

The duty was announced by Union finance minister Nirmala Sitharaman during the budget speech on July 5.In a statement issued on Friday, the society pointed out that the total consumption of standard newsprint in India is 2.5 mn tons and the indigenous mills have a capacity of 1.0 mn tons.

“It appears that Indian newsprint manufacturers have misrepresented to the Govt that they are in a position to meet the entire requirements,” it said. Domestic manufacturers of newsprint had welcomed the move to impose duty, pointing out how it would help indigenous production.

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