Budget 2020-21, Basic Customs Duty on Zinc and Zinc articles.

Basic Customs Duty on Zinc and Zinc articles to import under Budget 2020-21

 

 

 

Basic Customs Tax changes on goods under Chapter 79

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

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 2020-21, the basic customs duty changes on goods under chapter79 s shown below.  If no changes on present customs basic duty on products under chapter 79,under Budget 2020-21 the same is mentioned:

Entry at S. No. 388 of notification No. 50/2017-Customs dated 30th June, 2017, provides concessional 7.5% BCD zinc tubes, pipes and tube or pipe fittings falling under heading 7907. On review, this entry is being omitted vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020.  Consequently, these goods will now attract 10% BCD.

The above information explains about basic customs duty changes on import of goods under chapter 79, under Indian Union Budget 2020-21. Discuss below your thoughts about customs duty on goods under chapter 79,as per Indian Budget 2020-21. 

 

The above post explains about the clarifications below:

 

The rate of import basic customs duty on Sanitary fixtures  under Indian Budget 2020-2021. Is there any duty changes of customs on  Zinc waste and scrap  as per Indian Budget 2020-21? Whether import customs duty on Zinc dust    decreased or increased under Indian Budget 2020-21.  What is the present basic import customs duty on Zinc scrap  under Budget 2020-21 in India?  What is the customs duty on Calots  as  per budget 2020-21?  Any changes in customs duty on Plates  under Indian Budget 2020-2021. Budget 2020-21, what is the basic customs duty on Sheets, strip and circles   .  Explain the changes in basic custom duty on Foil under budget 2020-2021. sheets import duty  payables under budget 2020-21.   Basic customs duty declared by Indian Budget 2020-21 on import of Hollow. Basic Customs Duty  on Angles under Indian Budget 2020-21.  Customs Duty declared on shapes and sections  for import under Indian Budget 2020-2021.  What is the BCD to be paid to customs on import of    Wire under Indian Budget 2020-21. Highlights of Indian budget on import customs duty on powders and flakes, Present rate of duty payable to customs on import of Rods, in Budget 2020-21.  Declaration of customs duty on import of Zinc alloys based on Indian budget 2020-21.  Rate of import duty payable on Mozak as per Indian Budget 2020-2021.  What is the budget rate of import duty on Zinc Plates    as per Indian Budget 2020-21. Indian Budget 2020-21, import duty payable on Wire sheets Import duty rate changes on  Zinc Foil under Budget 2020-2021. Import duty changes on alloys of zinc under Indian Budget 2020-21. Zinc aluminum bars  import duty changes under budget 2020-2021.    

 


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