BCD on paper and paperboard, articles of paper pulp as per Indian Budget 2020-21.

Budget 2020-21, basic Customs Duty on import of paper and paperboard, articles of paper pulp

 

 

Customs Duty changes on paper and paperboard, articles of paper pulp as per  Indian Budget 2020-21. 

Basic Customs Tax changes on products under Chapter 48

The Customs duty changes  declared as per Indian Budget 2020-21 on import of   paper and paperboard, articles of paper pulp is as follows:

 

The Union Budget 2020 presented in the parliament on February 1, 2020, Saturday, by the Union Finance Minister Nirmala Sitharaman. 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. . 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  48 is shown below.  If no changes on present customs basic duty on products under chapter  48 under Budget 2020-21 the same is mentioned:

BCD on Newsprint falling under heading 4801 is being reduced from 10% to 5% subject to condition that importers at the time of import is an establishment registered with the Registrar of Newspapers, India (RNI), by amending Notification No. 50/2017- Customs, dated 30th June, 2017 vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020,new S. No. 293A refers.

BCD on uncoated paper used in printing of newspaper is being is being reduced from 10% to 5% subject to condition that importers at the time of import is an establishment registered with the Registrar of Newspapers, India (RNI), by amending Notification No. 50/2017- Customs, dated 30th June, 2017 vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020 new S. No.293B refers.

BCD on Lightweight coated paper [falling under heading 4810] weighing up to 70 g/m2 imported for printing of magazines, is being reduced from 10% to 5% subject to actual user condition by amending Notification No. 50/2017- Customs, dated 30th June, 2017 vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020 new S. No. 296A refers.

The above information explains about basic customs duty changes on import of goods under chapter  48  under Indian Union Budget 2020-21. Discuss below your thoughts about customs duty on goods under chapter 48  as per Indian Budget 2020-21.

 

 

 

The above post explains about the clarifications below:

 

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