Basic Customs Duty on filing cabinets, base metal mountings, padlocks, clasps etc, Budget 2020-21

Basic Customs Duty on filing cabinets, base metal mountings, padlocks, clasps made of base metal, Budget 2020-21

 

 

Basic Customs Tax changes on goods under Chapter 83

The Customs duty changes  declared as per Indian Budget 2020-21 on import of filing cabinets, base metal mountings, padlocks, clasps  etc. made of base metal  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 chapter83is shown below.  If no changes on present customs basic duty on products under chapter 83,under Budget 2020-21 the same is mentioned: 

BCD on all goods falling under headings 8301 (except under tariff item 8301 20 00), 8305, 8306, 8310 and under tariff item 8304 00 00 is being increased from 10% to 20% by increasing the tariff rate. [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect.

The above information explains about basic customs duty changes on import of goods under chapter 83, under Indian Union Budget 2020-21. Discuss below your thoughts about customs duty on goods under chapter 83,  as per Indian Budget 2020-21.

 

 

 

 

The above post explains about the clarifications below:

 

Basic Customs Duty  on Hinges under Indian Budget 2020-21. Any changes in customs duty on staircases  under Indian Budget 2020-2021. Present rate of duty payable to customs on import of card-index cabinets in Budget 2020-21. What is the BCD to be paid to customs on import of   trunks under Indian Budget 2020-21. Is there any  duty changes of customs on Padlocks as per Indian Budget 2020-2021? What is the customs duty on doors  as  per budget 2020-21?  . Budget 2020-21, what is the basic customs duty on windows.  Explain the changes in basic custom duty on blinds under budget 2020-21.  hat-pegs import duty  payables under budget 2020-21.   Basic customs duty declared by Indian Budget 2020-21 on import of blinds Customs Duty declared on saddler  for import under Indian Budget 2020-2021.  Whether import customs duty on Filing decreased or increased under Indian Budget 2020-21.  Highlights of Indian budget on import customs duty on cabinets.    Declaration of customs duty on import of paper tray based on Indian budget 2020-2021.  Import duty changes on paper rests under Indian Budget 2020-21.  Rate of import duty payable on paper clips as per Indian Budget 2020-21.   Bells  import duty changes under budget 2020-21.  What is the budget rate of import duty on Statuettes    as per Indian Budget 2020-21. Indian Budget 2020-21, import duty payable on Trophies .Import duty rate changes on letter clips under Budget 2020-21 .   The rate of import basic customs duty on  fittings under Indian Budget 2020-2021. What is the present basic import customs duty on    Base metal mountings under Budget 2020-21 in India? 

 


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