Reduced Basic customs duty on import under Chapter 34

Indian Budget 2018-19, changes in import basic duty under chapter 34

 

 

According to Indian Budget 2018-19,

 

BCD on all goods falling under heading 3406 is being increased from 10% to 25% by increasing the tariff rate. [Clause 101 (a) of the Finance Bill, 2018 refers].

 

 

The above product changes in import basic customs tax fall under Chapter 8 of HS code.

 

The BCD rate tariff changes under this HS chapter may or may not change either before or at the time of next Indian Budget 2019-20.  


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