Inception date: 06 Jul 2019 | Removal date: open ended

Import tariff

In Indian Budget for the year 2019-2020, the Basic Customs Duty has been increased on the following goods - 

  • On Cashew Kernel-broken (0801.32.10) from "INR 60 per kg. or 45%" to 70% and on Cashew Kernel-Whole (0801.32.20) from "INR 75 per kg or 45%" to 70%
  • Exemption on goods have Free Fatty Acid (FFA) of 20% or more imported for using to manufacture soaps, industrial fatty acids, and fatty alchol is withdrawn and will now attract a customs duty of 7.5%. These goods include crude palm stearin under HS 1511, all goods (except crude palm oil and crude paln stearin) under HS 1507, 1508, 1509, 1510, 1511, 1512, 1513, 1514, or 1515.
  • Exemption is withdrawn on imports of palm stearin (HS 1511), whether crude, RBD (Refined, Bleached and Deodorized) or other, having Free Fatty Acid (FFA) of 20% or more for manufacture of oleochemicals. This will now attract a basic customs duty of 7.5%
  • On Petroleum Crude from Nil to Rs.1 per tonne (HS 2709)
  • On Marble Slabs (HS 2515.12.20) from 20% to 40%
  • On Palmitic acid, stearic acid, their salts and esters imported for use in the manufacture of soaps and oleochemicals from nil to 7.5% (HS 2915.70)
  • On Industrial Monocarboxylic Fatty Acids & Acid Oils from Refining used in the manufacture of soaps and oleochemicals from 0% to 7.5% (HS 3823.11, 3823.12, 3823.13, 3823.19)
  • On all goods under HS 3822.00.90 from 30% to 10%. The duty reduction was earlier applicable to "Diagnostic Reagents" under HS 3822.00.90. This has been now amended to apply to "All Goods" under the same.
  • On all goods under HS 3824.99.90 from 17.5% to 7.5%. The duty reduction was earlier applicable to "Binders for foundry moulds" under HS 3824.99.90. This has been now amended to apply to "All Goods" under the same.
  • On Poly Vinyl Chloride (HS 3904) from 7.5% to 10%
  • On all goods under HS 3918 from 10% to 15%
  • On all goods under HS 3926.90.91 and 3926.90.99 from 10% to 15%
  • On Butyl Rubber (HS 4002.31) and Chlorobutyl Rubber or Bromobutyl Rubber(HS 400239) from 5% to 10%
  • On Newsprint (HS 4801) from Nil to 10%
  • On uncoated paper used in printing of newspaper from Nil to 10%
  • On Lightweight coated paper used in printing of magazines under HS 4810 from Nil to 10%
  • On Printed books, including covers for printed books, and printed manuals, in bound form or in loose-leaf form with binder, executed on paper or any other material including transparencies (HS 4901.10, 4901.91, 4901.99) from Nil to 5%
  • Exemption on water blocking tape for use in manufacture of telecommunication grade optical fibre cables is withdrawn and will now attract a 20% duty (HS 5603.94)
  • On Marble slabs from 20% to 40% (HS 6802.10, 6802.21, 6802.91 and 6802.92)
  • On Friction material and articles thereof not mounted falling under HS 6813 has been increased from 10% to 15%
  • On Ceramic products under HS 6905 and HS 6907 from 10% to 15% 
  • On Glass mirrors under HS 7009 from 10% to 15%
  • On Silver, in any form, medallions and silver coins having silver content not below 99.9% or semi manufactured forms of silver from 10% to 12.% (HS 7106.92)
  • On Silver dore bar having silver content not exceeding 95% from 9.35% to 11.85% (HS 7106)
  • On Base metals clad with silver under HS 7107 from 10% to 12.5%
  • On Gold bars and Gold coins having a gold content not below 99.5% and gold findings from 10% to 12.5% (HS 7108)
  • On Gold Dore bar having gold content not exceeding 95% increased from 9.35% to 11.85% (HS 7108)
  • On Gold and Silver under HS Chapter 71 and 98 imported through baggage by passengers from 10% to 12.5%
  • On Base metals or silver, clad with gold under HS 7109 from 10% to 12.5%
  • On Platinum from 10% to 12.5% (HS 7110.11 and 7110.19)
  • On Base metals, silver or gold, clad with platinum under HS 7111 from 10% to 12.5%
  • On Waste and scrap of precious metal or of metal clad with precious metal under HS 7112 from 10% to 12.5%
  • On Stainless steel in ingots or other primary forms under HS 7218 from 5% to 7.5%
  • On Alloy steel in ingots or other prumary forms under HS 7224 from 5% to 7.5%
  • On Wire or other alloy steel under HS 7229 (except INVAR) from 5% to 7.5%
  • On Amorphous alloy ribbon under HS 7226.99 from 5% to 10%
  • On Locks used in motor vehicles under HS 8301.20 from 10% to 15%
  • On Base metal mountings and fittings under HS 8302 from 10% to 15%
  • On Indoor and outdoor units of split-system air conditioner under HS 8415.90 from 10% to 20%
  • On Oil or petrol filters and intake air filters for internal combustion engines under HS 8421.23 and 8421.31 from 7.5% to 10%
  • On Catalytic convertors from 5% to 10% (HS 8421.29)
  • Exemption on stone crushing plants (cone type) for construction of roads is withdrawn and will now attract a 7.5% duty (HS 8474.20)
  • Exemption on charger or adapter of Digital Video Recorder (DVR), Network Video Recorder (NVR), CCTV camera and IP camera is withdrawn and a duty of 15% will be applicable (HS 8504.40)
  • On lighting or visual singalling equipment of a kind used on bicycles (HS 8512.10) head lamps, tail lamps, stop lamps, side lamps and blinkers (HS 8512.20.10), other automobile lighting equipment (HS 8512.20.20), Horns (HS 8512.30.10), Windscreen wipers, defrosters and demisters (HS 8512.40) from 10% to 15%
  • On Other lighting or visual signalling equipment (HS 8512.20.90) or sound signalling equipment (HS 8512.30.90) used in cycles or motor vehicles from 7.5% to 15%
  • On Parts of lighting or signalling equipment, windscreen wipers, defrosters, and demisters used for cycles or motor vehicles (HS 8512.90) from 7.5% to 10%
  • On loudspeakers under HS 8518.21 and 8518.22 from 10% to 15%
  • On Digital Video Recored (DVR) and Network Video Recorder (NVR) under HS 8521.90 from 15% to 20%
  • On CCTV camera and IP camera under 8525.80 from 15% to 20%
  • Exemption from specified electronic items withdrawn (check documents)
  • On sealed beam lamp units (HS 8539.10), tungsten halogen lamp units (HS 8539.21), and Other lamps (8539.29) from 10% to 15%
  • On Completely Built Units (CBU) of motor vehicles under HS 8702 or 8704 from 25% to 30%
  • On Motor Vehicle Chassis fitted with Engines (HS 8706) and Bodies (HS 8707) for the motor vehicles from 10% to 15%
  • On Optical fibres, optical fibre bundles and cables under HS 9001.10 from 10% to 15%
  • Exemption on certain electronic goods under HS chapters 84, 85, and 90 has been withdrawn. The published tariff rate will be applicable on these goods henceforth. These products include ferrite parts, switches, connectors, microphones, contact relays, microwaver passive parts, saw filters, certamic filter, delay lines, CRT socket, spark gap, fibre opticsand other optoelectronic parts and devices, passive optical parts, and special purpose optical fibres.
  • The Additional Duty on Customs (known as Road and Infrastructure Cess) on imported Motor Spirit (Petrol) and High Speed Diesel Oil has been increased from INR 8 to INR 9 per litre (~USD 0.11 to 0.12 per litre).

On 2 February 2021, the import duty on parts of lighting or signalling equipment, windscreen wipers, defrosters, and demisters used for cycles or motor vehicles was increased from 10% to 15%.

Inception date: 06 Jul 2019 | Removal date: open ended

Import tariff

The finance ministry also announced that in the Indian Budget for the year 2019-2020, the Basic Customs Duty has been reduced on the following goods - 

  • On Naptha (HS 2710) from 5% to 4%
  • On Uranium Ores and Concentrates (HS 2612.10), for use in generation of Nuclear Power, from 2.5% to Nil
  • On all goods under tariff HS 2844.20, for use in generation of nuclear power, from 7.5% to Nil. Earlier, only some forms like sintered natural uranium dioxide and sintered uranium dioxide pellets were allowed the duty exemption.
  • On Ethylene Dichloride (HS 2903.15) from 2% to Nil
  • On Methyloxirane (Propylene Oxide) - HS 2910.20 from 7.5% to 5%
  • On Wool Fibre (HS 5101) and Wool Tops (HS 5105) from 5% to 2.5%
  • Exemption is provide on imports of certain raw materials used in the manufacture of Preform of Silica. These include i) Refrigerated Helium Liquid (HS 2804.29) - 5%), ii) Germanium Tetra Chloride (HS 2812.10) - 10%, iii)Silica tetra chloride (HS 2812.19) - 10%, iv)Silica tube (HS 7002.31) - 10%, v) Silica Rods (HS 7002.31) - 10%
  • On Magnesium Oxide coated cold rolled steel (HS 7225.19) used for manufacture of CRGO from 5% to 2.5%
  • On Hot Rolled, on Cold Rolled Magnesium Oxide coated and annealed steel, on Hot Rolled Annealed and picked coils, and on cold rolled full hard, used in the manufacture of CRGO (HS 7225), from 5% to 2.5% 
  • On cobalt mattes and other intermediate products of cobalt metallurgy under HS 8105.20 from 5% to 2.5%
  • Import duty is exempted on Raw materials, parts and accessories for use in the manufacture of artifical kidney, disposable dialyzers and micro barriers of artificial kidney
  • Exempted on specified military equipment and their parts imported by the Ministry of Defence or the Armed Forces, subject to certain conditions. The list of goods includes several equipment under the HS Chapters 84, 85, 87, 88, 89, 90, 93 such as steam turbines, naval craft engines, jets and propellers for planes, helicopters, and ships/boats, electric generating sets, mine detectors, vehicle based mine scattering systems, military helicopters and associated equipment, military aircrafts and associated equipment, warships and lifeboats, artillery weapons, rockets and other weapons systems, and air denfese gun missile systems. Please refer to Notification 19/2019 for the full list of equipments. This duty exemption has been announced for 5 years i.e. until 1 July 2024.
  • BCD exemption on specified capital goods (under Chapter 82, 84, 85 and 90) for the manufacture of specified electronic items including flexible PCBs, mobile handsets, lithium ion cell for use in batteries of mobile handsets, speaker and receiver of mobile handsets, data cables, optical fiber cables, printed circuit boards, printed circuit board assembly, charger/adapter of mobile handsets, battery of mobile handsets, LCD module of mobile hansets, camera module of mobile handsets, other telecom equipment, Set-Top Boxes, Wound Components, Compact Camera Module, and Display Module subject to actual user condition
  • Exempted on imports of goods under Project Imports for setting up of 4 Atomic Power projects
  • Exemption, subject to certain conditions, is extended to imports of Foam/EVA Foam (HS Chapter 39) and Pinewood (HS 4407) when imported by Sports Manufacturers for manufacture of sports goods for export.

The import duty on Naphtha was reduced to 2.5% on 2 February 2021.

Inception date: 06 Jul 2019 | Removal date: open ended

Export tax

Furthermore, in the Indian Budget for the year 2019-2020, the export duty on the following goods has been reduced - 

  • Export duty on EI tanned leather has been reduced from 15% to Nil
  • Export duty on Hides, skins and leathers, tanned and untanned, all sorts is reduced from 60% to 40%