BCD on man-made filaments, inc. yarns and woven etc, as per Indian Budget 2020-21

Indian Budget 2020-2021, Import BCD on man-made filaments, inc. yarns and woven etc

 

Basic Customs  Tax changes on goods under Chapter 54

The below information provides the details of changes in basic Customs duty as per Indian Union Budget 2020-21 on man-made filaments, inc. yarns  and  woven etc.

The Union Budget for financial year 2020-21 presented in the parliament by Union Finance Minister Nirmala Sitharaman on February 1. The Union Budget 2020 presented in parliament around 11 am on February 1. Usually the duration to present the Union Budget is 90 to 120 minutes. Till 2016, the Union Budget was presented on the last working day of February. Former finance minister Arun Jaitley changed the tradition in 2017 when he presented the Budget on February 1.

 

As per Indian Budget 2020-21, the basic customs duty changes on goods under chapter  54 is shown below.  If no changes on present customs basic duty on products under chapter  54 under Budget 2020-21 the same is mentioned: 

BCD on Dyed woven fabrics of yarn containing more than or equal to 85% by weight of textured polyester filaments under tariff sub-heading “5407 52”, has been prescribed by S. Nos. 47 and 48 of notification No.14/2006-Customs dated 1′ March, 2006. However, another entry prescribing the effective rate of BCD on the same tariff sub-heading “5407 52” also occurs at S. No. 31A of notification No. 82/2017-Customs dated 27th October, 2017. Therefore, the entry at S. No. 31A of notification No. 82/2017-Customs is being omitted vide CUSTOMS Notification No 11 of 2020 dated 02nd February, 2020.

The above information explains about basic customs duty changes on import of goods under chapter 54  under Indian Union Budget 2020-2021. Discuss below your thoughts about customs duty on goods under chapter  54  as per Indian Budget 2020-21. 

 

 

The above post explains about the clarifications below:

 

Basic Customs Duty  on synthetic monofilament of  polyesters  under Indian Budget 2020-21. What is the present basic import customs duty on  Sewing thread  Of synthetic filaments   under Budget 2020-2021 in India?  Basic customs duty declared by Indian Budget 2019-20 on import of synthetic monofilament of  nylon or other polyamides.   Is there any duty changes of customs on Sewing thread of man-made filaments as per Indian Budget 2020-21? What is the customs duty on Synthetic filament yarn as  per budget 2020-2021?  Any changes in customs duty on Synthetic filament yarn  Of aramids  under Indian Budget 2020-21. Budget 2020-21, what is the basic customs duty on Synthetic filament yarn of Nylon tyre yarn  .  Explain the changes in basic custom duty on synthetic monofilament  of  terylene dacron  under budget 2020-21. synthetic monofilament of  nylon or other polyamides import duty  payables under budget 2020-21.   What is the BCD to be paid to customs on import of   synthetic monofilament   of  Polypropylene filament yarn   under Indian Budget 2020-21. Whether import customs duty on synthetic monofilament   of  Acrylic filament yarn  decreased or increased under Indian Budget 2020-2021.  Highlights of Indian budget on import customs duty on synthetic monofilament   of  Polyvinyl acetate filament yarn  .  Present rate of duty payable to customs on import of Artificial filament yarn of High tenacity yarn of viscose rayon, in Budget 2020-21. Customs Duty declared on synthetic monofilament   of polypropylene  for import under Indian Budget 2020-2021.   Declaration of customs duty on import of synthetic monofilament   of   Polyvinyl chloride filament yarn  based on Indian budget 2020-21.  Import duty changes on synthetic monofilament   of Polypropylene filament yarn   under Indian Budget 2020-21.  Artificial filament yarn of   Viscose rayon tyre yarn  import duty changes under budget 2020-21.  What is the budget rate of import duty on Artificial filament yarn of  Viscose rayon tyre yarn  as per Indian Budget 2020-21. Indian Budget 2020-2021, import duty payable on Artificial filament yarn of  viscose rayon .  Import duty rate changes on Artificial filament yarn of cellulose acetate   under Budget 2020-21. Rate of import duty payable on Artificial filament yarn of Of viscose rayon  as per Indian Budget 2020-2021.  The rate of import basic customs duty on Sewing thread  Of artificial filaments under Indian Budget 2020-21.  

 


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