Indian Newspaper Society urges Government to scrap 5% customs duty on newsprint

The Indian Newspaper Society (INS) has appealed to the government to eliminate the 5% customs duty imposed on newsprint. This request comes amidst various challenges faced by publishers, including global geopolitical uncertainties, logistical complexities, and the depreciation of the Indian rupee.

Challenges in newsprint supply

The INS highlighted that conflicts in regions like the "Midwest countries," the Ukraine-Russia conflict, and issues in the Red Sea have disrupted the global supply chain, leading to shortages of newsprint. Additionally, several newsprint mills in India and worldwide have halted operations, further exacerbating concerns about newsprint availability.

The INS emphasized that the imposition of customs duty, coupled with the declining value of the Indian rupee, has intensified challenges for the print media sector. Import-dependent industries like print media face increased costs, affecting the financial viability of newspapers and publications.

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The INS underscored the vital role of the print media industry in India, serving as a crucial medium for disseminating knowledge and information to the public. It plays a significant role in government communication efforts, informing citizens about policies and social welfare programs. Despite the proliferation of online misinformation, print media maintains trust and credibility through reliable editorials, comprehensive reporting, and widespread readership.

Call for Government support

In light of these challenges, the INS urged the government to remove the customs duty on newsprint. Doing so would provide much-needed relief to publishers, enabling them to manage operational costs effectively and ensure the continued dissemination of credible news and information to the public.

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The INS's appeal highlights the urgent need for government support to address the challenges facing the print media industry. By eliminating the customs duty on newsprint, the government can alleviate financial burdens on publishers and safeguard the vital role of print media in India's democracy.