Reduced Basic customs duty on import under Chapter 48

Indian Budget 2018-19, changes in import basic duty under chapter 48

 

Budget 2019-2020, Customs duty changes on products - chapterwise

 

According to Indian Budget 2018-19,

 

BCD on kites falling under tariff item 4823 90 90 is being increased from 10% to 20% by increasing the tariff rate. [Clause 101 (a) of the Finance Bill, 2018 refers]. However, BCD on all goods other than kites, falling under tariff item 4823 90 90, is being retained at 10%. Notification No.50/2017-Customs, dated 30th June, 2017, as amended by notification No. 6/2018-Customs, dated 2nd February, 2018 [new S. No. 297A] 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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