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International Exim Management Institute

Budget 2018-19 Keys


ARTICLES UNDER INDIAN BUDGET 2018-19

Changes in customs duty on import of goods under Chapter 98

Indian Budget 208-19, changes in import BCD under chapter 98     According to Indian Budget 2018-19, there is no changes in basic customs duty on import of goods under Chapter 98   The BCD rate tariff 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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Changes in customs duty on import of goods under Chapter 97

Indian Budget 208-19, changes in import BCD under chapter 97     According to Indian Budget 2018-19, there is no changes in basic customs duty on import of goods under Chapter 97   The BCD rate tariff 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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Reduced Basic customs duty on import under Chapter 96

Indian Budget 208-19, changes in import basic duty under chapter 96     According to Indian Budget 2018-19,   BCD on all goods falling under heading 9611 is being increased from 10% to 20% by increasing the tariff rate. [Clause 101(a) of the Finance Bill, 2018 refers]. BCD on all goods falling under heading 9613 is being increased from 10% to 20% by increasing the tariff rate. [Clause 101(a) of the Finance Bill, 2018 refers]. BCD on falling under hea

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Minimized Basic customs duty on import under Chapter 95

  Indian Budget 208-19, changes in import basic duty under chapter 95     According to Indian Budget 2018-19,   BCD on all goods falling under heading 9503 (goods falling under tariff item 9503 00 90 is already at 20%) is being increased from 10% to 20% by increasing the tariff rate. [Clause 101(a) of the Finance Bill, 2018 refers]. With this change, all goods falling under heading 9503 will attract BCD of 20% (Balloons falling under this heading a

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Reduced Basic customs duty on import under Chapter 94

Indian Budget 208-19, changes in import basic duty under chapter 94     According to Indian Budget 2018-19,   BCD on seats whether or not convertible into beds, and parts thereof (other than aircraft seats and parts thereof), falling under heading 9401 is being increased from 10% to 20% by increasing the tariff rate. [Clause 101(a) of the Finance Bill, 2018 refers]. The existing concessional / exemptions on parts of aircraft seats and parts thereof shall c

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