Indian Budget 2020-21, BCD on FISH and CRUSTACEANS

Indian Budget 2020-21, basic Customs duty on FISH and CRUSTACEANS

Customs duty changes on import of FISH and CRUSTACEANS, Budget 2020-21

 

Customs Tax changes on goods under Chapter 03

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 03 is shown below.  If no changes on present customs basic duty on products under chapter 03, under Budget 2020-21 the same is mentioned:

 

Vide S. No. 5 of notification No. 50/2017-Customs dated 30th June 2017, Tuna bait falling under tariff heading 0303 is exempted. On review, this entry is being omitted vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020. Consequently, Tuna bait falling under tariff heading 0303 will now attract 30% BCD.

 

The above information explains about basic customs duty changes on import of goods under chapter 03, under Indian Union Budget 2020-21.

Discuss below your thoughts about customs duty on goods under chapter 03, as per Indian Budget 2020-21.

 

 

 

The above post explains about the clarifications below:

 

What is the BCD to be paid to customs on import of minced coal fish under Indian Budget 2020-21. Any changes in customs duty on live fish under Indian Budget 2020-21. Is there any duty changes of customs on fresh fish as per Indian Budget 2020-21? What is the present basic import customs duty on chilled fish under Budget 2020-21 in India?  The rate of import basic customs duty on frozen fish under Indian Budget 2020-21 What is the customs duty on frozen crabs as per budget 2020-21?  Budget 2020-21, what is the basic customs duty on minced fish.  Explain the changes in basic custom duty on non-minced fish under budget 2020-21. Fresh Tuna, import duty payables under budget 2020-21Basic Customs Duty on frozen cod fish under Indian Budget 2020-21.  Customs Duty declared on frozen Tuna for import under Indian Budget 2020-21.  Whether import customs duty on frozen crustaceans decreased or increased under Indian Budget 2020-21.  Highlights of Indian budget on import customs duty on minced prawns.  Present rate of duty payable to customs on import of frozen crabs in Budget 2020-21.  Declaration of customs duty on import of smoked crabs based on Indian budget 2020-21.  Rate of import duty payable on dried crabs as per Indian Budget 2020-21. Minced shrimps import duty changes under budget 2020-21.  What is the budget rate of import duty on salted lobsters as per Indian Budget 2020-21? Indian Budget 2020-21, import duty payable on fresh fillets.   Import duty rate changes on frozen fish fillets under Budget 2020-21. Import duty changes on chilled prawns under Indian Budget 2020-21. .   Basic customs duty declared by Indian Budget 2020-21 on import of dried shark.  


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