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Adidas calls for stable import duty rates in India

German sportswear and accessories major adidas on Tuesday sought stable import duty rates in India, saying it would help in having more faith in the market as frequent changes in tariff hamper investment planning.

According to a PTI report: The company, which sells both locally-sourced and imported products, also said making it too difficult to import could prevent bringing the best products to India.

“Import duties go up with no notice and you are charged retrospectively and immediately, or back three months. (It is) very had to do business that way because we plan for investment for future,” Dave Thomas, Managing Director, adidas India was quoted by PTI as saying.

He further told PTI, “I think stability on that front would help us have more faith in the market so that we can invest and be clear on what the future holds for certain degree. That would be helpful.”
In India, duties on imports were quite changeable and happened without any warning, making it very difficult for multinat…

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