Basic Customs Duty on vinegar, spirit and beverages to import under Budget 2019-20

 Budget 2019-2020, Basic Customs Duty on vinegar, spirit and beverages.


Basic Customs Tax changes on goods under Chapter 22


 

Customs Duty changes, Indian Union Budget,2019

 

Finance Bill 2019, Indian Union Budget 2019-20

 

Income tax rate slab, Indian Union Budget, 2019


The Customs duty changes declared as per Indian Budget 2019-20  on import of vinegar, spirit and beverages is as follows: 

 

Indian Union Budget, 2019 finance Minister Nirmala Sitharaman presented on 5th July,2019.

According to Indian Budget 2019-20, there is no changes in basic customs duty on vinegar, spirit and beverages under Chapter 22

Customs Tariff Act changes on vinegar, spirit and beverages under Chapter 22 given below

 

Chapter 22,— 

in Note 1, in clause (a), for the words “products falling thereunder”, the words “products of this Chapter” shall be substituted;

 

in the entry in column (2) occurring against tariff item 2206 00 00, for the words “MIXTURES OF FERMENTED BEVERAGES AND NON-ALCOHOLIC BEVERAGES”, the words “MIXTURES OF FERMENTED BEVERAGES AND MIXTURES OF FERMENTED BEVERAGES AND NON-ALCOHOLIC BEVERAGES” shall be substituted; 

heading 2208,— 

tariff items 2208 20 12, 2208 20 92 and 2208 50 13 and the entries relating thereto shall be omitted;

 

for tariff item 2208 60 93 and the entries relating thereto, the following shall be substituted, namely:—

“2208 60 00 - Vodka l 150% 

As per the practice, a vote-on-account presented during an election year takes approval for essential government expenditure for a limited period, which is usually four months, but presents the budget estimates for the entire financial year. A full-fledged budget is presented by the new government later in the year, where it can even alter the estimates.

 

As per Indian Budget 2019-20, the basic customs duty changes on goods under chapter 22 is shown below.  If no changes on present customs basic duty on products under chapter 22 under Budget 2019-2020 the same is mentioned:

 

The above information explains about basic customs duty changes on import of goods under chapter 22, under Indian Union Budget 2019-20.

 

Discuss below your thoughts about customs duty on goods under chapter 22, as per Indian Budget 2019-20


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