Customs Duty changes on Live animals as per Indian Budget 2020-21

Budget 2020-2021, basic Customs Duty on import of Live animals

 

Basic Customs Tax changes on products under Chapter 01.

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

 

The Union Budget for financial year 2020-21 will be presented in the parliament by Union Finance Minister Nirmala Sitharaman on February 1. The Union Budget 2020 will be presented in parliament around 11 am on February 1. Usually the duration to present the Union Budget is 90 to 120 minutes. 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.

 The below information provides the details on changes in customs duty.

As per Indian Budget 2020-21, the basic customs duty changes on goods under chapter 01 is shown below.  If no changes on present customs basic duty on products under chapter 01, under Budget 2020-2021 the same is mentioned:

 

BCD on Pure-bred breeding Horses falling under tariff item 0101 21 00 is being exempted by amending the notification No. 50/2017-Customs dated 30th June 2017 vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020.

 

The above information explains about basic customs duty changes on import of goods under chapter 01,under Indian Union Budget 2020-21. 

Discuss below your thoughts about customs duty on goods under chapter 01, as per Indian Budget 2020-21

 

 

 

The above post explains about the clarifications below:

 

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