Union Budget 2024: Experts Warn of ‘Thoughtless’ 150% Duty Rise on Lab Chemicals

Summary Finance Minister Nirmala Sitharaman increased the customs duty on laboratory chemicals from 10% to 150% in the Union Budget 2024. This significant rise is causing disruption in research activities at university labs across India, with many cancelling work orders due to the prohibitive costs. The new duty impacts chemicals essential for basic experiments, and funding agencies…

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