Customs duty increased on 19 items w.e.f 27.09.2018

By | September 27, 2018
(Last Updated On: September 27, 2018)

Ministry of Finance

Tariff measures taken to curb the imports of non-essential items

Posted On: 26 SEP 2018 7:00PM by PIB Delhi

  1. 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).
  2. In all the customs duty has been increased on 19 items as detailed below:
S. No.ItemTariff code (HSN)Basic customs duty
FromTo
1Air conditioners84151020
2Household Refrigerators84181020
3Washing machines less than 10 Kg84501020
4Compressor for air conditioners and refrigerators8414 30 00 / 8414 80 117.510
5Speakers8518 29 001015
6Footwears6401 to 64052025
7Radial Car tyres4011 10 101015
8Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond7157.5
9Diamonds-semi processed, half cut or broken7157.5
10Lab grown diamonds7157.5
11Cut and polished Colored gemstone7157.5
12Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal71131520
13Articles of Goldsmith or silversmith wares and parts thereof of precious metal or of metal clad with precious metal71141520
14Bath, shower bath, sink, wash basin, etc. of plastics39221015
15Articles of plastics for conveyance and packing such as boxes, case, containers, bottles, insulated ware etc.39231015
16Tableware, kitchenware and other household items of plastics39241015
17Miscellaneous items of plastics such as office stationery, fitting for furniture’s, decorative sheets, statuettes, beads, bangles etc.39261015
18Trunks, Suitcase, Executive cases, Brief Cases, travel bags and other bags etc.42021015
19Aviation turbine fuel2710 19 2005
  1. 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)
  2. The total value of imports of these items in the year 2017-18 was about Rs  86000 Crore.
Category: News

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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