Revised Tax Policies and External Tariffs to Boost Industrialisation
To promote local manufacturing, the government revised import duty for one year where a 10% import duty up from 0% will apply for surgical and other gloves, and catalytic preparations for the manufacture of foam and spring mattresses; a 25% import duty up from 10% will also apply for brakes including coaster braking hubs and parts of motorcycle brake shoes; and for other springs for the manufacture of foam and spring mattresses.