Customs duty on edible fruits, nuts peel of citrus fruit or melons as per Indian Budget 2020-21

Indian Budget 2020-21, basic Customs duty on import of edible fruits, nuts peel of citrus fruit or melons

 

Basic Customs Tax changes on goods under Chapter 08

 

The Union Finance Minister Nirmala Sitharaman presente 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.

The Basic Customs duty changes declared as per Indian Budget 2020-21 on import of edible fruits, nuts peel of citrus fruit or melons under chapter 08 is as follows:

As per Indian Budget 2020-2021, the basic customs duty changes on goods under chapter 08 is shown below.  If no changes on present customs basic duty on products under chapter 08, under Budget 2020-21 the same is mentioned: 

BCD on Walnuts, shelled falling under tariff item 0802 32 00 is being increased from 30% to 100% by increasing the tariff rate of all goods falling under this tariff item [Clause 115 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].

Further, Walnuts, in-shell falling under tariff item 0802 31 00 and Walnuts, shelled falling under tariff item 0802 32 00 are being exempted from levy of Social Welfare Surcharge by amending notification No. 11/2018-Customs dated 2nd February, 2018 vide notification No.09/2020-Customs dated rd February, 2020.

(2) Almonds, shelled falling under tariff item 0802 12 00 is being exempted from levy of Social Welfare Surcharge by amending notification No. 11/2018-Customs dated rd February, 2018 vide notification No.09/2020-Customs dated rd February, 2020.

(3) Entry at S. No. 28 of notification No. 50/2017-Customs dated 30.6.2017 is being amended vide notification No. 1/2020-Customs dated 2″ February, 2020, to retain only tariff item 0802 90 00 in it. The other tariff items hitherto covered in this entry have the tariff rate same as the rate prescribed in this entry.

 

The above information explains about basic customs duty changes on import of goods under chapter 08, under Indian Union Budget 2020-2021.

Discuss below your thoughts about customs duty on goods under chapter 08, as per Indian Budget 2020-21.

 

 

 

The above post explains about the clarifications below:

 

Basic customs duty declared by Indian Budget 2020-21on import of curry plantain. The rate of import basic customs duty on dried brazil nuts under Indian Budget 2020-21. Is there any duty changes of customs on fresh coconuts as per Indian Budget 2020-21? What is the present basic import customs duty on peeled cashew nuts under Budget 2020-2021in India?  What is the customs duty on cashew nuts shells as per budget 2020-21?  Any changes in customs duty on hazelnuts under Indian Budget 2020-21. Budget 2020-2021, what is the basic customs duty on kola nuts. Explain the changes in basic custom duty on split macadamia nuts under budget 2020-21. Fresh bananas import duty payables under budget 2020-21.   Import duty rate changes on mixture of dried fruits under Budget 2020-21.Customs Duty declared on fresh avocados for import under Indian Budget 2020-2021.  What is the BCD to be paid to customs on import of fresh lemon under Indian Budget 2020-21. Highlights of Indian budget on import customs duty on fresh watermelon. Present rate of duty payable to customs on import of fresh pears, in Budget 2020-21.  Declaration of customs duty on import of strawberries based on Indian budget 2020-21.  Import duty changes on fresh kiwi fruit under Indian Budget 2020-21.  Rate of import duty payable on frozen strawberries as per Indian Budget 2020-21. Reserved cherries import duty changes under budget 2020-21.  What is the budget rate of import duty on dried apricots as per Indian Budget 2020-21. Indian Budget 2020-2021, import duty payable on mixtures of nuts. Whether import customs duty on dried raisins decreased or increased under Indian Budget 2020-21.  Basic Customs Duty on dried dates under Indian Budget 2020-21. 

 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers