Customs Duty changes on Aluminium and Aluminium Articles as per Indian Budget 2020-21

Budget 2020-21, basic Customs Duty on import of Aluminium and Aluminium Articles

 

 

 

Basic Customs Tax changes on products under Chapter 76

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

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 chapter76 is shown below.  If no changes on present customs basic duty on products under chapter 76,under Budget 2020-21 the same is mentioned:

 BCD on all goods falling under sub heading 7615 10 [table, kitchen, other household articles etc.] is being increased from 10% to 20% by increasing the tariff rate. [Clause 115 (a) of the Finance Bill, 2020 refers.] By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect.

The above information explains about basic customs duty changes on import of goods under chapter 76  under Indian Union Budget 2020-21. Discuss below your thoughts about customs duty on goods under chapter 76 as per Indian Budget 2020-21.

 

The above post explains about the clarifications below:

 

Any changes in customs duty on Aluminium foil  under Indian Budget 2020-21. Explain the changes in basic custom duty on  Plain  Aluminium under budget 2020-2021. What is the customs duty on Aluminium plates  as  per budget 2020-21? Is there any duty changes of customs on Aluminium powders and flakes as per Indian Budget 2020-21? What is the present basic import customs duty on  Wire rods  under Budget 2020-21 in India?  Budget 2020-2021, what is the basic customs duty on Aluminium tubes and pipes. Coated Alluminium import duty  payables under budget 2020-21.  What is the BCD to be paid to customs on import of sanitary ware under Indian Budget 2020-21. Whether import customs duty on Lacquered Alluminium decreased or increased under Indian Budget 2020-2021.   Basic customs duty declared by Indian Budget 2020-21 on import of doors and windows .   Basic Customs Duty  on plaited bands  under Indian Budget 2020-2021.  Customs Duty declared on pot scorers and scouring  for import under Indian Budget 2020-21.  Highlights of Indian budget on import customs duty on Lacquered  Coated Alluminium Present rate of duty payable to customs on import of  Aluminium plates, in Budget 2020-21.  Declaration of customs duty on import of Aluminium reservoirs based on Indian budget 2020-21.  Rate of import duty payable on balustrades as per Indian Budget 2020-2021 lattice masts import duty changes under budget 2020-21.  Indian Budget 2020-21, import duty payable on Printed Alluminium.  Import duty rate changes on steel core  under Budget 2020-21. Import duty changes on tanks under Indian Budget 2020-2021. The rate of import basic customs duty on Aluminium wire  under Indian Budget 2020-21. What is the budget rate of import duty on towers as per Indian Budget 2020-21.

 


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