Reduced Basic customs duty on import of Cashew nuts in shell

Indian Budget 2018-19, changes in import duty on raw cashew nuts in shell

 

Customs Duty Changes under new Budget 2019-20, click here

 

According to Indian Budget 2018-19,

BCD on cashew nuts in shell (raw cashew) falling under tariff item 0801 31 00 is being reduced from 5% to 2.5%. S. No.22 of notification No.50/2017-Customs, dated 30th June, 2017, as amended by notification No. 6/2018-Customs, dated 2nd February 2018 refers.

 

The above product changes in import basic customs tax fall under Chapter 8 of HS code.

 

The BCD rate tariff changes under this HS chapter may or may not change either before or at the time of next Indian Budget 2019-20.  

 

 

 

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Venkat Suryawanshi : It's good to the new importers and increase their knowledge and business

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