Indian Budget 2020-21, BCD on import of Lead and Lead articles

Customs duty on Lead and Lead articles as per Indian Budget 2020-21

 

 

 

Basic Customs Tax changes on goods under Chapter 78

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

 

The Union Budget for financial year 2020-21 presented in the parliament by Union Finance Minister Nirmala Sitharaman on February 1. 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. 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.

As per Indian Budget 2020-21, the basic customs duty changes on goods under chapter 78 is shown below.  If no changes on present customs basic duty on products under chapter 78,under Budget 2020-21 the same is mentioned:

 Entry at S. No. 386 of notification No. 50/2017-Customs dated 30th June, 2017, provides concessional 5% BCD on lead bars, rods, profiles and wire falling under heading 7806. On review, this entry is being omitted vide CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020. Consequently, these goods will now attract 10% BCD.

The above information explains about basic customs duty changes on import of goods under chapter78, under Indian Union Budget 2020-21.Discuss below your thoughts about customs duty on goods under chapter 78,  as per Indian Budget 2020-21.

 

 

 

The above post explains about the clarifications below:

 

Customs Duty declared on  Lead waste and scrap for import under Indian Budget 2020-21. Explain the changes in basic custom duty on Sheets and strip   under budget 2020-2021. Basic Customs Duty  on lead powders under Indian Budget 2020-21.  Is there any duty changes of customs on  Lead plates, as per Indian Budget 2020-21? The rate of import basic customs duty on Sanitary fixtures  under Indian Budget 2020-21. What is the present basic import customs duty on  sheets  under Budget 2020-21 in India?  What is the customs duty on Indian lead seals  as  per budget 2020-21?  Budget 2020-2021, what is the basic customs duty on Foil .  Basic customs duty declared by Indian Budget 2020-21 on import of strip and foil.   Whether import customs duty on  Sheets and strip   decreased or increased under Indian Budget 2020-21.  Highlights of Indian budget on import customs duty on Lead scrap.  Declaration of customs duty on import of sheets  based on Indian budget 2020-2021.  Import duty changes on Indian lead seals  under Indian Budget 2020-21.  Rate of import duty payable on Pig lead  as per Indian Budget 2020-21 strip and foil import duty changes under budget 2020-21.  What is the budget rate of import duty on lead strip sheets   as per Indian Budget 2020-2021. Indian Budget 2020-21, import duty payable on Foil lead plates. Any changes in customs duty on  Powders and flakes  under Indian Budget 2020-2021.  Import duty rate changes on Flake sheets under Budget 2020-21. What is the BCD to be paid to customs on import of    Foil  under Indian Budget 2020-21. Indian lead seals  import duty  payables under budget 2020-2021.   Present rate of duty payable to customs on import of Plates  in Budget 2020-21. 

 

 


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