Daily Email Newsletter (Sign-up Free)

Measures to curb non-essential items' imports: 19 items' customs duty hiked

Sep 26, 2018: The Central Government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items. These changes aim at narrowing the current account deficit (CAD).

In all the customs duty has been increased on 19 items as detailed below:

customs duty increased on 19 items

Notifications are being issued today. These changes in rates of basic customs duty (BCD) will be effective from 27.09.2018 (i.e., midnight of 26th September/27th September, 2018)

The total value of imports of these items in the year 2017-18 was about Rs 86000 Crore.

Source: Central Board of Indirect Taxes and Customs (CBIC)

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.