Business Government may take steps to increase import duty to cut current account deficit Updated : September 18, 2018 06:49 PM IST The revenue department will finalise the list of goods for an increase in import duty after getting inputs from different ministries. It is expected that the prime minister's office (PMO) and finance ministry will give the final approval by Friday. 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.