Customs Duty Changes on cocoa and cocoa preparations, as per Indian Budget 2020-21

Indian Budget 2020-2021, Import BCD on cocoa and cocoa preparations

 

 

BCD on cocoa and cocoa preparations, as per Indian Budget 2020-21 

Basic Customs Tax changes on goods under Chapter 18

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

The Union Finance Minister Nirmala Sitharaman present 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 chapter 18 is shown below.  If no changes on present customs basic duty on products under chapter 18, under Budget 2020-2021 the same is mentioned: 

Vide S. No. 94 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 17.5% is prescribed on food preparations for infant use and put up in retail sale, falling under sub-heading 1806 90. On review, this entry is being omitted vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020. Consequently, food preparations for infant use and put up in retail sale, falling under sub-heading 1806 90 will now attract 30% BCD.

 

The above information explains about basic customs duty changes on import of goods under chapter 18,under Indian Union Budget 2020-21.Discuss below your thoughts about customs duty on goods under chapter 18, as per Indian Budget 2020-21

 

 

 

The above post explains about the clarifications below:

 

 Customs Duty declared on cocoa powder containing added sugar or other sweetening matter for import under Indian Budget 2020-2021. Budget 2020-21, what is the basic customs duty on whole cocoa beans. Is there any duty changes of customs on wholly cocoa as per Indian Budget 2020-21? What is the present basic import customs duty on  partly defatted cocoa butter under Budget 2020-21 in India?  The rate of import basic customs duty on cocoa powder not containing added sugar under Indian Budget 2020-21. What is the customs duty on filled in blocks chocolate as per budget 2020-21?  Any changes in customs duty on preparations containing cocoa for making beverages under Indian Budget 2020-2021. Explain the changes in basic custom duty on raw cocoa paste under budget 2020-21. Wholly cocoa shells import duty payables under budget 2020-21.   Basic customs duty declared by Indian Budget 2020-21on import of partly defatted husks. Basic Customs Duty on not deffated cocoa waste under Indian Budget 2020-21.  Highlights of Indian budget on import customs duty on wholly skins cocoa. Present rate of duty payable to customs on import of not deffated cocoa paste in Budget 2020-21.Declaration of customs duty on import of filled granular chocolate based on Indian budget 2020-21.  Rate of import duty payable on wholly cocoa shells as per Indian Budget 2020-21. Not deffated cocoa waste import duty changes under budget 2020-21.  What is the budget rate of import duty on wholly cocoa beans as per Indian Budget 2020-21. Indian Budget 2020-21, import duty payable on broken cocoa waste. Import duty rate changes on raw cocoa beans under Budget 2020-2021. Whether import customs duty on spreads containing cocoa fat and oil decreased or increased under Indian Budget 2020-21. What is the BCD to be paid to customs on import of not filled food preparations containing cocoa under Indian Budget 2020-21. Import duty changes on sugar confectionery containing cocoa under Indian Budget 2020-2021.


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