Customs Duty changes on fertilizers as per Indian Budget 2020-21

Budget 2020-21, basic Customs Duty on import of fertilizers

 

 

Basic Customs Tax changes on products under Chapter 31 

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

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 chapter 31 is shown below.  If no changes on present customs basic duty on products under chapter 31,under Budget 2020-21 the same is mentioned: 

 Vide S. No. 220 of notification No. 50/2017-Customs dated 30th June, 2017, concessional BCD rate of 5% is prescribed for Kyanite salts, in a form indicative of their use for manurial purpose, falling under Chapter 31.. On review, this entry is being omitted vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020. Consequently, these goods will attract rate applicable otherwise to these goods.

The above information explains about basic customs duty changes on import of goods under chapter 31 under Indian Union Budget 2020-21.Discuss below your thoughts about customs duty on goods under chapter 31  as per Indian Budget 2020-21

 

 

 

The above post explains about the clarifications below:

 

Budget 2020-21, what is the basic customs duty on chemical nitrogenous . What is the customs duty on mineral fertilizers  as  per budget 2020-21? Are there any duty changes of customs on vegetable fertilizers as per Indian Budget 2020-21? What is the present basic import customs duty on Animal fertilizers under Budget 2020-21 in India?  The rate of import basic customs duty on chemical fertilizers under Indian Budget 2020-21. Any changes in customs duty on mineral nitrogenous  under Indian Budget 2020-21. Explain the changes in basic custom duty on mineral  phosphatise under budget 2020-21. Chemical phosphates import duty  payables under budget 2020-2021. Whether import customs duty on mineral phosphorus decreased or increased under Indian Budget 2020-2021.    Basic customs duty declared by Indian Budget 2020-21 on import of mineral potassic   Basic Customs Duty  on chemical potassic under Indian Budget 2020-21.  Customs Duty declared on mineral nitrogen for import under Indian Budget 2020-21.  What is the BCD to be paid to customs on import of chemical nitrogen under Indian Budget 2020-21. Highlights of Indian budget on import customs duty on chemical phosphorus   Present rate of duty payable to customs on import of mineral potassium  in Budget 2020-21.  Declaration of customs duty on import of chemical potassium based on Indian budget 2020-21.  Import duty changes on  mineral potassium chloride under Indian Budget 2020-2021.  Chemical potassium sulphate  import duty changes under budget 2020-21.  What is the budget rate of import duty on chemical potassic  as per Indian Budget 2020-21. Indian Budget 2020-21, import duty payable on mineral Potassium sulphate   Import duty rate changes on chemical Potassium sulphate  under Budget 2020-2021. Rate of import duty payable on mineral potassic as per Indian Budget 2020-21. 


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