Basic Customs Tax on tobacco and tobacco products, as per Indian Budget 2020-21

Indian Budget 2020-21, Import BCD on tobacco and tobacco products

 

 

BCD on tobacco and tobacco products, as per Indian Budget 2020-21  

Basic Customs  Tax changes on goods under Chapter 24

 

The below information provides the details of changes in basic Customs duty as per Indian Union Budget 2020-21 on tobacco and tobacco products.

The Union Finance Minister Nirmala Sitharaman presented Union Budget 2020 in Parliament around 11 am on February 1. . 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. Ahead of the Union Budget, an Economic Survey is presented by the Chief Economic Advisor.

As per Indian Budget 2020-2021, the basic customs duty changes on goods under chapter 24 is shown below.  If no changes on present customs basic duty on products under chapter 24 under Budget 2020-21 the same is mentioned:

 According to Indian Budget 2020-21, there is no changes in basic customs duty on import of goods under Chapter 24.

The above information explains about basic customs duty changes on import of goods under chapter 24, under Indian Union Budget 2020-21.Discuss below your thoughts about customs duty on goods under chapter 24, as per Indian Budget 2020-21.

  

 

The above post explains about the clarifications below:

 

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