Economy Government may increase customs duty on toys, certain paper, footwear products in Budget 2020 Updated : January 16, 2020 08:27 PM IST For new pneumatic tyres of rubber, it has proposed to hike customs duty to 40 percent from the current 10-15 percent. Similarly, on footwear and related products, the ministry has suggested increase in duty to 35 percent from the current 25 percent. The ministry has proposed to increase import duty on wooden furniture to 30 percent from the current 20 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.