10% customs duty on newsprint a double whammy for print media: AIM

The Association of Indian Magazines (AIM) has called the levy of 10 per cent customs duty on paper used by newspapers and magazines as per the Union Budget 2019 as “highly unfortunate”. 

In a release issued, R Rajmohan, President, Association of Indian Magazines, has stated that this is a double whammy for print media, which is going through unprecedented crises due to declining revenues, caused by the prevailing macro economic conditions. 

The Association has urged the Union Government to withdraw this duty and help the print media industry, which serves millions of readers by disseminating information and knowledge.