Budget 2020-21, basic customs duty on printed books, newspapers, pictures, manuscripts, typescripts and plans .

Basic customs duty on printed books, newspapers, pictures, manuscripts, typescripts and plans to import under budget 2020-21

 

 

Basic Customs Tax changes on goods under Chapter 49

The below information provides the details of changes in basic Customs duty as per Indian Union Budget 2020-21 on printed books, newspapers, pictures, manuscripts, typescripts and plans .

 

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 49 is shown below.  If no changes on present customs basic duty on products under chapter 49 under Budget 2020-21 the same is mentioned: 

Notification No. 22/2003-Customs dated 4th February, 2003 provides BCD exemption on Paper Money falling under tariff item 4907 00 20. On review, BCD exemption on Paper money is being included in notification No 50/2017-Customs dated 30th June, 2017 by amending notification No 50/2017-Customs vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020 ,new S. No. 304A refers. Consequently, notification No. 22/2003-Customs dated 4th February, 2003 is being rescinded vide Notification No 12/2020 Customs dated on 02nd February, 2020

The above information explains about basic customs duty changes on import of goods under chapter 49 under Indian Union Budget 2020-21. Discuss below your thoughts about customs duty on goods under chapter 49  as per Indian Budget 2020-21.

 

 

The above post explains about the clarifications below:

 

The rate of import basic customs duty on  Journals and periodicals  under Indian Budget 2020-21. What is the present basic import customs duty on brochures in single sheet under Budget 2020-21 in India? Any changes in customs duty on news paper of Journals and periodicals under Indian Budget 2020-21. Customs Duty declared on Dictionaries and encyclopedias of printed books for import under Indian Budget 2020-2021. Are there any duty changes of customs on Printed books on single sheet as per Indian Budget 2020-21? What is the customs duty on news paper of Appearing at least four times a week  as  per budget 2020-21?  Budget 2020-21, what is the basic customs duty on Dictionaries and encyclopedias of printed books Explain the changes in basic custom duty on leaflets of brochures under budget 2020-2021.  Brochures of printed books import duty payables under budget 2020-21.   Basic customs duty declared by Indian Budget 2020-21 on import of Dictionaries and encyclopedias of printed books .    What is the BCD to be paid to customs on import of verifiable of transfers under Indian Budget 2020-21. Highlights of Indian budget on import customs duty on printed wedding cards Present rate of duty payable to customs on import of illustrated postcards of greetings in Budget 2020-21.  Declaration of customs duty on import of   illustrated postcards wedding cards based on Indian budget 2020-21.  Import duty changes on printed Advertising calendar     under Indian Budget 2020-21.  Rate of import duty payable on printed matter of posters as per Indian Budget 2020-2021.  printed matter of  Printed inlay cards  import duty changes under budget 2020-2021.  What is the budget rate of import duty on printed envelopes as per Indian Budget 2020-21. Indian Budget 2020-21, import duty payable on charts of globes Import duty rate changes on Geographical maps under Budget 2020-21. Basic Customs Duty on serial installments thereof brochures  under Indian Budget 2020-2021. Whether import customs duty on printed GREETING decreased or increased under Indian Budget 2020-21. 

 


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