Reduced Basic customs duty on import under Chapter 68

Indian Budget 2018-19, changes in import basic duty under chapter 68

 

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

 

According to Indian Budget 2018-19,

 

BCD on all goods falling under tariff item 6815 91 00 is being reduced from 10% to 7.5%. S.No.338 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 68 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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