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Question

Consider the following statements with reference to

indirect taxes in Budget 2020. 1. Custom duty was raised on footwear from 25% to 35% and on furniture goods from 20% to 25%. 2. Basic customs duty on imports of newsprint and light - weighted coated paper was reduced from 10% to 5%. Which of the statements given above is/are correct?

A Neither 1 nor 2

B Only 2

C Only 1

D Both 1 and 2

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