Reduced Basic customs duty on import under Chapter 50

Indian Budget 2018-19, changes in import basic duty under Silk fabric

 

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

 

According to Indian Budget 2018-19,

 

 

BCD on silk fabrics falling under heading 5007 is being increased from 10% to 20%, by amending Notification No. 82/2017-Customs dated 27th October, 2017, vide notification No.14/2018-Customs, dated the 2nd February, 2018 [new S.No.2A 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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