Key Highlights of Union Budget 2024-25 – Changes under Customs & Excise

Particulars

Notification Nos.

Dated

Customs (Tariff)

29/2024-Customs

23^rd July 2024

30/2024-Customs

31/2024-Customs

33/2024-Customs

34/2024-Customs

36/2024-Customs

37/2024-Customs

38/2024-Customs

39/2024-Customs

Customs (AIDC)

32/2024-Customs

Customs (Health Cess)

35/2024-Customs

Customs (Non-Tariff)

51/2024-Customs (N.T.)

Sectors

Proposed changes in BCD rates

Agricultural goods

BCD on Shea nuts has been reduced from 30% to 15%.

Critical Minerals

a)      BCD has been reduced to Nil on critical minerals, namely, Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, Potash, REE, Rhenium, Strontium, Tantalum, Tellurium, Tin, Tungsten, Vanadium, Zirconium, Selenium, Cadmium, Silicon other than Quartz & Silicon Dioxide.

b)      Graphite, Silicon Quartz and Silicon Dioxide BCD have been reduced to 2.5%

Aquafarming and Marine Sector

a)      BCD on Prawn and Shrimps feed and fish feed has been reduced to 5%.

b)      BCD on Live SPF Vannamei shrimp (Litopenaeus vannamei) broodstock and Black tiger shrimp (Penaeus monodon) broodstock has been reduced to 5%

c)      BCD on Artemia and Artemia cysts has been reduced to Nil.

d)      BCD on the following ingredients/inputs for use in the manufacture of Prawn and Shrimps feed or fish feed is being reduced subject to IGCR condition.

e)      BCD has been reduced to 5% on Insect Meal for use in R&D for aquatic feed manufacturing.

f)       BCD has been reduced to 5% on Single Cell Protein from Natural Gas for use in R&D for aquatic feed manufacturing.

g)      BCD has been reduced SPF Polychaete worms 30% to 5%.

h)      BCD has been reduced to Nil on pre-dust breaded powder for use in processing of sea- food.

Chemicals and petrochemicals

a)      The BCD on Ammonium Nitrate has been increased from 7.5% to 10%.

b)      The tariff rate of CTH 3920 and 3921 has been increased to 15%. Consequently, from 24.7.2024 , PVC Flex Films/Flex Banners will attract 25% by virtue of declaration under Provisional Collection of Taxes Act 2023. However, Notification No 50/2017-Customs has been amended to maintain the existing rate of 10% on items other than PVC Flex Films/Flex Banners.

Drugs

The BCD has been fully exempted on the following Cancer Drugs:

a)      Trastuzumab Deruxtecan

b)      Osimertinib

c)      Durvalumab

Textile and Leather Sector

a)      BCD has been reduced from 7.5% to 5% on MDI for the manufacture of spandex yarn to rectify duty inversion. This is subject to IGCR conditions.

b)      BCD has been reduced from 30% to 10% on Real Down Filling material from duck or goose for use in the manufacture of textile or leather garments for export.

c)      Exemption has been extended to Wet white leather, Crust and finished leather for manufacture of textile or leather garments, leather /synthetic footwear or other leather products for export.

d)      Exemption has been extended to certain additional accessories and embellishments for the manufacture of textile or leather garments, leather/synthetic footwear or other leather products for export.

Electronics goods and equipment

a)      BCD on cellular mobile phone has been reduced from 20% to 15%.

b)      BCD on PCBA of cellular mobile phone has been reduced from 20% to 15%.

c)      BCD on charger/adapter of cellular mobile phone has been reduced from 20% to 15%.

d)      BCD on Oxygen Free Copper (OFC) Strip has been reduced from 5% to Nil for use in manufacture of resistors subject to IGCR condition.

e)      Exemption entries providing concessional BCD rate to mechanics and die-cut parts of chapters 39 and 73 has been expanded to include chapter 40, 70 and 76.

f)       Exemption entry covering input items/raw material for use in manufacture of connectors has been expanded to add more input items/raw material.

g)      BCD rate on PCBA of specified telecom equipment has been increased from 10% to 15%.

Precious Metals

a)      The duty rates on precious metals have been revised as under:

b)      As a consequential change, the BCD has been reduced from 7.5% to 5% on:

a.      Platinum and Palladium used in the manufacture of noble metal solutions, noble metal compounds and catalytic convertors

b.      Bushings made of platinum and rhodium alloy when imported in exchange of worn out or damaged bushings exported out of India

Other Metals

a)      BCD reduced on Ferro-Nickel from 2.5% to Nil.

b)      BCD reduced on Blister Copper from 5% to Nil.

c)      Exemption on Ferrous Scrap has been continued upto March 31, 2026.

d)      The concessional BCD rate of 2.5% on Copper scrap has been continued.

e)      The exemption on specified raw material for the manufacture of CRGO steel has been continued upto March 31, 2026. Further, the exemption has also been extended to such specified raw materials for the manufacture of CRGO Steel falling under tariff item 7226 11 00.

Capital Goods

a)      Certain specified capital goods have been added to the list of exempted goods for use in the manufacture of solar cells and modules.

b)      Certain specified goods have been added in the exemption entry (S.No 404 of Notification No. 50/2017-Customs dated June 30, 2017) for use in petroleum exploration operations

Others

a)      BCD on Garden umbrella has been revised from ‘20%’ to ‘20% or Rs. 60 per piece, whichever is higher’.

b)      BCD rate on Lab chemicals classified under HS 9802 00 00 has been increased from 10% to 150

c)      The tariff rate on areca nuts and prepared/ preserved areca nuts is being enhanced to 150% w.e.f Ocyober 1, 2024. However, there is no change in the effective BCD rate which continues at 30%.

Current provisions

Proposed provisions

Effect of changes made

Clause 100 - Section – 28DA (Procedure regarding claim of preferential rate of duty)

(2) The fact that the importer has submitted a certificate of origin issued by an Issuing Authority shall not absolve the importer of the responsibility to exercise reasonable care.

“(2) The fact that the importer has submitted a certificate proof of origin issued by an Issuing Authority shall not absolve the importer of the responsibility to exercise reasonable care.”

Section 28 DA is being amended to enable the acceptance of different types of proof of origin provided in trade agreements in order to align the said section with new trade agreements, which provide for self-certification.

(10) Notwithstanding anything contained in this section, the preferential tariff treatment may be refused without verification in the following circumstances, namely:-

(i) the tariff item is not eligible for preferential tariff treatment;

(ii) complete description of goods is not contained in the certificate of origin;

(iii) any alteration in the certificate of origin is not authenticated by the Issuing Authority;

(iv) the certificate of origin is produced after the period of its expiry,

and in all such cases, the certificate of origin shall be marked as ‘‘INAPPLICABLE’’.

(10) Notwithstanding anything contained in this section, the preferential tariff treatment may be refused without verification in the following circumstances, namely:-

(i) the tariff item is not eligible for preferential tariff treatment;

(ii) complete description of goods is not contained in the certificate proof of origin;

(iii) any alteration in the certificate proof of origin is not authenticated by the Issuing Authority;

(iv) the certificate proof of origin is produced after the period of its expiry,

and in all such cases, the certificate of origin shall be marked as ‘INAPPLICABLE’’.

Explanation.–– For the purposes of this Chapter,-

(a) “certificate of origin” means a certificate issued in accordance with a trade agreement certifying that the goods fulfil the country of origin criteria and other requirements specified in the said agreement;

Explanation.–– For the purposes of this Chapter,-

“(a) “proof of origin” means a certificate or declaration issued in accordance with a trade agreement certifying or declaring, as the case may be, that the goods fulfil the country of origin criteria and other requirements specified in the said agreement;”

Explanation.–– For the purposes of this Chapter,-

(c) “Issuing Authority” means any authority designated for the purposes of issuing certificate of origin under a trade agreement;

Explanation.–– For the purposes of this Chapter,-

“(c) “Issuing Authority” means an authority or person designated for the purposes of issuing proof of origin under a trade agreement;”

Clause 101 - Section – 65 (Manufacture and other operations in relation to goods in a warehouse)

(1) With the permission of the Principal Commissioner of Customs or Commissioner of Customs and subject to the provisions of section 65A and such conditions as may be prescribed, the owner of any warehoused goods may carry on any manufacturing process or other operations in the warehouse in relation to such goods.

“(1) With the permission of the Principal Commissioner of Customs or Commissioner of Customs and subject to the provisions of section 65A and such conditions as may be prescribed, the owner of any warehoused goods may carry on any manufacturing process or other operations in the warehouse in relation to such goods.

Provided that the Central Government may, if satisfied that it is necessary in the public interest so to do, by notification in the Official Gazette, specify the manufacturing processes and other operations in relation to a class of goods that shall not be permitted in a warehouse.”

A proviso to sub-section (1) of Section 65 of the Customs Act is being inserted to empower the Central Government to specify certain manufacturing and other operations in relation to a class of goods that shall not be permitted in a warehouse.

Clause 102 - Section – 143AA (Power to simplify or provide different procedure, etc., to facilitate trade)

143AA. Notwithstanding anything contained in any other provision of this Act, the Board may, for the purposes of facilitation of trade, take such measures or prescribe separate procedure or documentation for a class of importers or exporters or for categories of goods or on the basis of the modes of transport of goods, in order to,-

(a) maintain transparency in the import and export documentation; or

(b) expedite clearance or release of goods entered for import or export; or

(c) reduce the transaction cost of clearance of importing or exporting goods; or

(d) maintain balance between customs control and facilitation of legitimate trade

“143AA. Notwithstanding anything contained in any other provision of this Act, the Board may, for the purposes of facilitation of trade, take such measures or prescribe separate procedure or documentation for a class of importers or exporters or any others persons or for categories of goods or on the basis of the modes of transport of goods, in order to,-

(a) maintain transparency in the import and export documentation; or

(b) expedite clearance or release of goods entered for import or export; or

(c) reduce the transaction cost of clearance of importing or exporting goods; or

(d) maintain balance between customs control and facilitation of legitimate trade”

Section 143AA of the Customs Act is being amended by substituting the expression “a class of importers or exporters” with “a class of importers or exporters or any other persons” for the purpose of facilitating trade.

Clause 103 - Section – 157 (General power to make regulations)

(2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:

(m) the measures and separate procedure or documentation for a class of importers or exporters or categories of goods or on the basis of the modes of transport of goods

“(2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:

(m) the measures and separate procedure or documentation for a class of importers or exporters or any other persons or categories of goods or on the basis of the modes of transport of goods”

Clause (m) of subsection (2) of section 157 of the Customs Act is being amended by substituting the expression “a class of importers or exporters” with “a class of importers or exporters or any other persons”

Clause 104 – Notification No. 27/2024-Customs dated July 12, 2024 (Seeks to provide exemption from Compensation Cess leviable on imports by SEZ unit or developer for authorised operations)

2. This notification shall come into force from the 15th July, 2024

2. This notification shall come into force from the 15th July, 2024  1^st July, 2024

Based on the recommendation of the GST Council in its 53rd meeting, GST Compensation Cess is being exempted with effect from July 01, 2017 on imports in SEZ by SEZ units or developers for authorized operations.

Clause 105 – Notification No. 37/2023-Customs dated May 10, 2023 (Seeks to allow imports of Crude Soya-bean Oil and Crude Sunflower Oil at zero Basic Customs Duty and zero Agriculture Infrastructure and Development Cess for TRQ license holders for FY 2022-23 up to the 30th June, 2023)

Conditions

(a) Importer produces to the Deputy Commissioner or the Assistant Commissioner of Customs, as the case may be, a valid Tariff Rate Quota (TRQ) authorization for the Financial Year 2022-23 allotted by Directorate General of Foreign Trade;

(b) The TRQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with the relevant procedure as specified in the Hand Book of Procedures, 2015-20 or 2023 as applicable;

(c) The TRQ authorization shall contain the name and address of the importer, IEC code, Customs notification No., sub-heading or tariff item as applicable, quantity and validity period of certificate;

(d) The TRQ authorization shall be issued electronically by the Directorate General of Foreign Trade and transmitted to ICES system;

(e) Imports made against the TRQ shall be allowed only upon debiting electronically in the ICES system.

Conditions

“(a) Importer produces to the Deputy Commissioner or the Assistant Commissioner of Customs, as the case may be, a valid Tariff Rate Quota (TRQ) authorisation for the Financial Year 2022-23 allotted by Directorate General of Foreign Trade;

(b) The duty and cess benefit under the afore-said valid TRQ authorisation shall be restricted only to the extent of unutilised quota which is not used to claim such benefit under notification No. 30/2022-Customs, dated the 24th May, 2022, or under this notification from 11th May, 2023 and up to 30th June, 2023 (both days inclusive);

(c) Bill of lading for concerned import consignment is issued on or before 31st March, 2023;

(d) The TRQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with the relevant procedure as specified in the Hand Book of Procedures, 2015-20 or 2023, as applicable; and

 (e) The TRQ authorisation shall contain the name and address of the importer, IEC code, Customs notification No., sub-heading or tariff item as applicable, quantity and validity period of certificate.”.

Retrospective amendment has been made to Notification No. 37/2023-Customs dated May 10, 2023, to validate exemptions from BCD and AIDC on imports of crude soybean oil and crude sunflower seed oil for the period from April 1, 2023, up to and including May 10, 2023. This amendment applies, subject to the availability of unutilized quota in the TRQ authorization for FY 2022-23 allotted by DGFT and a Bill of Lading issued on or before March 31, 2023.

Refunds will be issued for the entire amount of duty and cess collected that would not have been levied if the notification ibid had been in effect as specified. The person can claim refund in accordance with the provisions of sub-section (2) of Section 27 of the Customs Act.

To claim such a refund, the applicant must submit a request to the jurisdictional Assistant Commissioner of Customs or Deputy Commissioner of Customs, as applicable, by March 31, 2025.

Current provisions

Proposed provisions

Effect of changes made

Clause 106 - Section – 6 (Power of Central Government to levy protective duties in certain cases.)

SECTION 6. Power of Central Government to levy protective duties in certain cases. — (1) Where the Central Government, upon a recommendation made to it in this behalf by the Tariff Commission established under the Tariff Commission Act, 1951 (50 of 1951), is satisfied that circumstances exist which render it necessary to take immediate action to provide for the protection of the interests of any industry established in India, the Central Government may, by notification in the Official Gazette, impose on any goods imported into India in respect of which the said recommendation is made, a duty of customs of such amount, not exceeding the amount proposed in the said recommendation, as it thinks fit.

(2) Every duty imposed on any goods under sub-section (1) shall, for the purposes of this Act, be deemed to have been specified in the First Schedule as the duty leviable in respect of such goods.

(3) Where a notification has been issued under sub-section (1), the Central Government shall, unless the notification is in the meantime rescinded, have a Bill introduced in Parliament, as soon as may be, but in any case during the next session of Parliament following the date of the issue of the notification to give effect to the proposals in regard to the continuance of a protective duty of customs on the goods to which the notification relates, and the notification shall cease to have effect when such Bill becomes law, whether with or without modifications, but without prejudice to the validity of anything previously done thereunder :

Provided that if the notification under sub-section (1) is issued when Parliament is in session, such a Bill shall be introduced in Parliament during that session :

Provided further that where for any reason a Bill as aforesaid does not become law within six months from the date of its introduction in Parliament, the notification shall cease to have effect on the expiration of the said period of six months, but without prejudice to the validity of anything previously done thereunder.

“SECTION 6. Power of Central Government to levy protective duties in certain cases. — (1) Where the Central Government, upon a recommendation made to it in this behalf by the Tariff Commission established under the Tariff Commission Act, 1951 (50 of 1951), is satisfied that circumstances exist which render it necessary to take immediate action to provide for the protection of the interests of any industry established in India, the Central Government may, by notification in the Official Gazette, impose on any goods imported into India in respect of which the said recommendation is made, a duty of customs of such amount, not exceeding the amount proposed in the said recommendation, as it thinks fit.

(2) Every duty imposed on any goods under sub-section (1) shall, for the purposes of this Act, be deemed to have been specified in the First Schedule as the duty leviable in respect of such goods.

(3) Where a notification has been issued under sub-section (1), the Central Government shall, unless the notification is in the meantime rescinded, have a Bill introduced in Parliament, as soon as may be, but in any case during the next session of Parliament following the date of the issue of the notification to give effect to the proposals in regard to the continuance of a protective duty of customs on the goods to which the notification relates, and the notification shall cease to have effect when such Bill becomes law, whether with or without modifications, but without prejudice to the validity of anything previously done thereunder :

Provided that if the notification under sub-section (1) is issued when Parliament is in session, such a Bill shall be introduced in Parliament during that session :

Provided further that where for any reason a Bill as aforesaid does not become law within six months from the date of its introduction in Parliament, the notification shall cease to have effect on the expiration of the said period of six months, but without prejudice to the validity of anything previously done thereunder.”

Section 6 of the Customs Tariff Act which provided for levy of protective duties in certain cases by the Central Government on the recommendations of the Tariff Commission is being omitted, as the Tariff Commission has been wound up by resolution dated 1st June 2022 by the Government of India.

AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975

The First Schedule to the Customs Tariff Act, 1975 is being amended to ––

(a)    increase the rates on certain tariff items. (refer to Annexure A for change in Custom duty rate)

(b)   create new tariff lines in respect of defence products, technical textiles, sustainable blended aviation fuel, products used in Indian semiconductor machines, e-bicycles, natural menthol, printer cartridge etc. These changes shall come into effect from October 1, 2024.

Current provision

Proposed provisions

Effect of changes made

Clause 108 – Notification No. 12/2012-C.E. dated March 17, 2012 (Prescribes effective rate of duty on goods falling under chapter 1 to 96)

Annexure:

Condition No. 43

If,-

(b) in case the certificate regarding mega power project status issued as above is provisional, the chief executive officer of the project furnishes a security in the form of a Fixed Deposit Receipt or Bank Guarantee from any scheduled bank for  a term of one hundred and twenty-six months in the name of the President of India for an amount equal to the duty of excise payable but for this exemption, to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction and if the project developer fails to furnish the final mega power status certificate with in a period of one hundred and twenty months from the date of clearance of excisable goods, the said security shall be appropriated towards duty of excise payable on such clearances but for this exemption;

(c) an officer not below the rank of Chief Engineer in the Central Electricity Authority certifies that the said goods are required for the setting up of the said mega power project under the Government of India initiative, indicating the quantity, description and specification thereof;

(d) the Chief Executive Officer of the project furnishes an undertaking to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, to the effect that-

(i) the said goods will be used only in the said project and not for any other use; and

(ii) in the event of non- compliance of sub-clause (i), the project developer will pay the duty which would have been leviable at the time of clearance of goods, but for this exemption.

Annexure:

Condition No. 43

If,-

(b) in case the certificate regarding mega power project status issued as above is provisional, the chief executive officer of the project furnishes a security in the form of a Fixed Deposit Receipt or Bank Guarantee  from any scheduled bank for a term of one hundred and twenty-six months one hundred and sixty two months in the name of the President of India for an amount equal to the duty of excise payable but for this exemption, to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction and if the project developer fails to furnish the final mega power status certificate  with in a period of one hundred and twenty months one hundred and fifty-six months from the date of clearance of excisable goods, the said security shall be appropriated towards duty of excise payable on such clearances but for this exemption;

(c) an officer not below the rank of Chief Engineer in the Central Electricity Authority certifies that the said goods are required for the setting up of the said mega power project under the Government of India initiative, indicating the quantity, description and specification thereof;

(d) the Chief Executive Officer of the project furnishes an undertaking to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, to the effect that-

(i) the said goods will be used only in the said project and not for any other use; and

(ii) in the event of non- compliance of sub-clause (i), the project developer will pay the duty which would have been leviable at the time of clearance of goods, but for this exemption.

Retrospectively amended w.e.f. June 29, 2017

Notification No 12/2012-Central Excise dated March 17, 2012 is being amended to extend the time period for submission of the final Mega Power Project certificate from 120 months to 156 months.

Clause 109– Notification No. 12/2017-C.E. dated June 30, 2017 (Seeks to exempt excise duty on goods manufactured on or before 30th June 2017 but not cleared from the factory of production before July 1, 2017)

G.S.R. 794 (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all excisable goods [except petroleum crude, high speed diesel, motor spirit(commonly known as petrol), natural gas, aviation turbine fuel, tobacco and tobacco products] from the whole of the duty of excise leviable thereon under the said Central Excise Act subject to the following conditions

G.S.R. 794 (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 83 of the Finance Act, 2010 (14 of 2010), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all excisable goods [except petroleum crude, high speed diesel, motor spirit(commonly known as petrol), natural gas, aviation turbine fuel, tobacco and tobacco products] from the whole of the duty of excise leviable thereon under the said Central Excise Act and Clean Environment Cess leviable thereon under the said Finance Act subject to the following conditions:

Retrospectively amended w.e.f. June 30, 2017

Now, the Clean Environment Cess, levied and collected as a duty of excise, is exempted on excisable goods lying in stock as on June 30, 2017 subject to payment of appropriate GST Compensation Cess on supply of such goods on or after 1st July, 2017.

…………….

New clause inserted after clause (b) of the notification

“(c) the appropriate goods and services tax compensation cess, wherever applicable, shall be payable on such goods, if cleared on or after the 1st July, 2017 as leviable on such goods under the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017).”

A.

Increase in Tariff rate (to be effective from 24.07.2024) * [Clause [107(a)] of the Finance (No. 2) Bill, 2024 ] read with Third Schedule.

*Will come into effect immediately through a declaration under the Provisional Collection of Taxes Act,2023

Rate of Duty

S.

No.

Heading, sub- heading, tariff item

Commodity

From

To

Plastics

1.

3920, 3921

Poly vinyl chloride (PVC) flex films (also known as PVC flex banners or PVC flex sheets)

{The currently applicable BCD on all other goods falling under heading 3920 and 3921 shall be maintained by suitable amendment in the relevant notification(s)}

10%

25%

Consumer goods

2.

6601 10 00

Garden umbrellas

20%

20% or

Rs.         60

per piece, whichever        is

higher

Chemicals

3.

9802 00 00

Laboratory chemicals

(Heading 9802 covers all chemicals, organic or inorganic, whether or not chemically defined, imported in packings not exceeding 500 gms or 500 milliliters and which can be identified with reference to the purity, markings or other features to show them to be meant for use solely as laboratory chemicals)

10%

150%

B.

Tariff rate changes (without change in effective rate of duty) to be effective from 01.10.2024 [Clause [107(b)] of the Finance (No. 2) Bill, 2024]

Note: The currently applicable rate of Basic Customs Duty on these commodities shall be maintained by suitable amendment in the relevant notification(s).

Rate of Duty

S.

No.

Heading, sub-heading tariff item

Commodity

From

To

1.

2008 19 20

Other     roasted     nuts     and seeds, including such areca nuts

30%

150%

2.

2008 19 30

Other nuts, otherwise prepared or preserved, including such areca nuts

30%

150%

C

Amendment in tariff entries

Clause of the Finance

(No. 2) Bill, 2024

1.

The First Schedule to the Customs Tariff Act, 1975 is also being amended to modify the tariff entries with effect from October 01, 2024.

Clause [107(b)] read with Fourth Schedule [Page No. 145-150]

A.

Changes        in      Basic       Customs        Duty      (to     be effective from July 24, 2024)

Rates of Duty

S. No.

Chapter, Heading, sub-heading,

tariff item

Commodity

From

To

I.

Agricultural Products

1.

1207 99 90

Shea nuts

30%

15%

II.

Aquafarming & Marine Exports

1.

0306 36

Live        SPF         Vannamei shrimp (Litopenaeus vannamei) broodstock

10%

5%

2.

0306 36

Live Black tiger shrimp (Penaeus

monodon) broodstock

10%

5%

3.

0306 36 60

Artemia

5%

Nil

4.

0511 91 40

Artemia cysts

5%

Nil

5.

0308 90 00

SPF Polychaete worms

30%

5%

6.

1504 20

Fish        lipid       oil       for       use                in

manufacture of aquatic feed

15%

Nil

7.

1504 20

Crude       fish       oil       for       use in manufacture of aquatic feed

30%

Nil

8.

1518

Algal Oil for use in manufacture of aquatic feed

15%

Nil

9.

2102 20 00

Algal Prime (flour) for use in manufacture of aquatic feed

15%

Nil

10.

2309 90 90

Mineral and Vitamin Premixes for use in manufacture of aquatic feed

5%

Nil

11.

2301 10 90

Insect meal for use in Research & Development purposes in aquatic feed manufacturing

15%

5%

12.

2309 90 90

Single Cell Protein from Natural Gas for use in Research & Development purposes in aquatic feed manufacturing

15%

5%

13.

2301 20

Krill Meal for use in manufacture

of aquatic feed

5%

Nil

14.

1901

Pre-dust breaded powder for use in processing of sea-food

30%

Nil

15.

2309 90 31

Prawn and shrimps feed

15%

5%

16.

2309 90 39

Fish feed

15%

5%

III.

Critical Minerals

1.

2504

Natural Graphite

5%

2.5%

2.

2505

Natural sands of all kinds, whether or not coloured, other than metalbearing sands of chapter 26 of the Customs tariff Act, 1975

5%

Nil

3.

2506

Quartz (other than natural sands); quartzite, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape

5%

2.5%

4.

2530 90 91

Strontium sulphate (natural ore)

5%

Nil

5.

2603 00 00

Copper ores and concentrates

2.5%

Nil

6.

2605 00 00

Cobalt ores and concentrates

2.5%

Nil

7.

2609 00 00

Tin ores and Concentrates

2.5%

Nil

8.

2611 00 00

Tungsten Ores and Concentrates

2.5%

Nil

9.

2613

Molybdenum ores and concentrates

2.5%

Nil

10.

2615 10 00

Zirconium ores and concentrates

2.5%

Nil

11.

2615 90

Hafnium Ores and concentrates

2.5%

Nil

12.

2615 90 10

Vanadium ores and concentrates

2.5%

Nil

13.

2615 90 20

Niobium or tantalum ores and

concentrates

2.5%

Nil

14.

2617

Antimony Ores and Concentrates

2.5%

Nil

15.

2804 50 20

Tellurium

5%

Nil

16.

2804 61 00

Silicon, containing by weight not less than 99.99% of silicon

5%

Nil

17.

2804 69 00

Other silicon

5%

Nil

18.

2804 90 00

Selenium

5%

Nil

19.

2805 30 00

Alkali or alkaline earth metals, Rare-earth metals, scandium and yttrium, whether or not intermixed or inter alloyed

5%

Nil

20.

2811 22 00

Silicon dioxide

7.5%

2.5%

21.

2815 20 00

 Potassium hydroxide

7.5%

Nil

22.

2816 40 00

Oxides, hydroxides and peroxides, of strontium or barium

7.5%

Nil

23.

2822 00 10

Cobalt oxides

7.5%

Nil

24.

2822 00 20

Cobalt hydroxides

7.5%

Nil

25.

2822 00 30

Commercial cobalt oxides

7.5%

Nil

26.

2825 20 00

Lithium oxide and hydroxide

7.5%

Nil

27.

2825 30

Vanadium oxides and hydroxides

2.5%/7.5%

Nil

28.

2825 60 10

Germanium oxides

7.5%

Nil

29.

2825 70

Molybdenum oxides and

hydroxides

7.5%

Nil

30.

2825 80 00

Antimony oxides

7.5%

Nil

31.

2825 90 20

Cadmium oxides

7.5%

Nil

32.

2827 35 00

Chlorides of Nickel

7.5%

Nil

33.

2827 39 30

Strontium chloride

7.5%

Nil

34.

2833 24 00

Sulphates of Nickel

7.5%

Nil

35.

2834 21 00

Nitrates of potassium

7.5%

Nil

36.

2836 91 00

Lithium carbonates

7.5%

Nil

37.

2836 92 00

Strontium carbonates

7.5%

Nil

38.

2841 90 00

Salts            of oxometallic or peroxometallic acids of Beryllium and Rhenium

7.5%

Nil

39.

2846

Compounds, inorganic or organic of rare earth metals

7.5%

Nil

40.

2918 15 30

Bismuth citrate

7.5%

Nil

41.

3801

Artificial Graphite, colloidal or semi-colloidal graphite, preparations based on graphite or other carbon in form of pastes, blocks,  plates  or  other  semi-

Manufactures

7.5%

2.5%

42.

8001

Unwrought Tin

5%

Nil

43.

8101 94 00

Unwrought       tungsten, including bars and rods obtained simply by sintering

5%

Nil

44.

8102 94 00

Unwrought molybdenum, including bars and rods obtained simply by

sintering

5%

Nil

45.

8103 20

Unwrought       tantalum,

including bars and rods obtained simply by

sintering, powders

5%

Nil

46.

8105 20 20

Cobalt, unwrought

5%

Nil

47.

8106 10 10

Bismuth, unwrought

2.5%

Nil

48.

8109 21 00

Unwrought zirconium, powders, Containing less than 1 part hafnium to 500 parts zirconium by weight

10%

Nil

49.

8110 10 00

Unwrought antimony, powders

2.5%

Nil

50.

8112 12 00

Beryllium unwrought, powders

5%

Nil

51.

8112 31

Hafnium  unwrought,  waste  and

scrap, powders

10%

Nil

52.

8112 41 10

Rhenium unwrought

10%

Nil

53.

8112 69 10

Cadmium unwrought, powders

5%

Nil

54.

8112 69 20

Cadmium, wrought

5%

Nil

55.

8112 92 00

Unwrought; waste and scrap; powder of, -

(i)   Gallium

(ii)   Germanium

(iii)   Indium

(iv)   Niobium

(v)   Vanadium

5%

Nil

IV.

Steel Sector

1.

7202 60 00

Ferro Nickel

2.5%

Nil

2.

7204

Ferrous Scrap

Nil (till 30.09.2024)

Nil (till 31.03.2

026)

3.

7225

Certain specified raw materials for manufacture of CRGO steel

Nil (till 30.09.2024)

Nil (till 31.03.2

026)

V.

Copper

1.

7402 00 10

Blister Copper

5%

Nil

VI.

Chemicals and Plastics

1.

3102 30 00

Ammonium Nitrate, whether or not in aqueous solution

7.5%

10%

2.

3920        (other

than        3920

99       99)       or

3921

All goods other than Poly vinyl chloride (PVC) flex films/flex banner

25%

(with effect

from 24.07.2024)

10%

3.

3920 99 99

All goods other than Poly vinyl chloride (PVC) flex films/flex banner

25%

(with effect from 24.07.2024)

15%

VII.

Textile and Leather Sector

1.

2929 10 90

Methylene Diphenyl Di-isocyanate (MDI) for use in the manufacture of Spandex Yarn

7.5%

5%

Subject to IGCR conditio

ns

2.

41

leather for manufacture of textile or           leather garments, leather /synthetic footwear    or other leather products, for export

10%

Nil

Items under Sl. No. 257B

and 257C of Notificat ion 50/2017

-

Custom s, dated 30.06.2

017

3.

38,48 or any other Chapter

Certain additional accessories and embellishments for manufacture of textile or leather garments, leather/synthetic footwear or other leather products, for export

As applicable

Nil Items under Sl. No. 257B

and 257C of Notificati on 50/2017

-

Custom s, dated 30.06.20

17

4.

0505 10

Real Down Filling Material from Duck or Goose for use in the manufacture of textile or leather

garments for export

30%

10%

VIII.

Cancer Drugs

1.

30

(i)   Trastuzumab Deruxtecan,

(ii)   Osimertinib,

(iii)   Durvalumab

10%

Nil

IX.

Precious Metals

1.

7108

Gold bar

15%

6%

2.

7108

Gold dore

14.35%

5.35%

3.

7106

Silver bar

15%

6%

4.

7106

Silver dore

14.35%

5.35%

5.

7110

Platinum, Palladium, Osmium,

Ruthenium, Iridium

15.4%

6.4%

6.

7118

Coins of precious metals

15%

6%

7.

7113

Gold/Silver findings

15%

6%

8.

71

Platinum and Palladium used in the manufacture of noble metal solutions, noble metal compounds

and catalytic convertors

7.5%

5%

9.

84

Bushings made of platinum and rhodium alloy when imported in exchange of worn out or damaged

bushings exported out of India

7.5%

5%

X.

Medical Equipment

1.

39

All types of polyethylene for use in manufacture of orthopaedic implants falling under sub-heading

9021 10

As applicable

Nil

2.

39, 72, 81

Special grade stainless steel, Titanium alloys, Cobalt-chrome alloys, and All types of polyethylene for use in manufacture of other artificial parts of the body falling under

sub-heading 9021 31 or 9021 39

As applicable

Nil

3.

9022 30 00

X-ray tubes for use in manufacture of X-ray machines for medical, surgical, dental or veterinary use

15%

5% (till 31st March 2025)

7.5%

(w.e.f 1^st April, 2025 to 31st March,

2026)

10%

(w.e.f 1^st April,

2026)

4.

9022 90 90

Flat panel detectors (including

scintillators) for use in manufacture of X-ray machines for medical, surgical, dental or veterinary use

15%

5% (till March 31, 2025)

7.5%

(w.e.f 1st April, 2025 to 31st

March, 2026)

10%

(w.e.f 1st April, 2026)

XI.

IT and Electronics Sector

1.

8517 13 00,

8517 14 00

Cellular mobile phone

20%

15%

2.

8504 40

Charger/Adapter of cellular mobile

phone

20%

15%

3.

8517 79 10

Printed Circuit Board Assembly

(PCBA) of cellular mobile phone

20%

15%

4.

28, 29, 38

Specified parts for use in

manufacture of connectors

5%/7.5%

Nil

5.

74

Oxygen Free Copper for use in

manufacture of Resistors

5%

Nil

6.

40

Specified die-cut parts for use in

manufacture of cellular mobile phones

As applicable

Nil

7.

40, 70, 76

Specified mechanics for use in

manufacture of cellular mobile phones

As applicable

Nil

8.

8517 79 10

Printed Circuit Board Assembly

(PCBA) of specified telecom equipment

10%

15%

XII.

Renewable Energy Sector

1.

84, 85, or any other chapter

Specified capital goods for use in manufacture of solar cells or solar modules, and parts for

manufacture of such capital goods

7.5%

Nil

2.

7007

Solar glass for manufacture of solar cells or solar modules

Nil

10%

(w.e.f. 1.10.20

24)

3.

74

Tinned copper interconnect for manufacture of solar cells or solar modules

Nil

5%(w.e.f 1.10.20

24)

XIII.

Shipping

1.

Any Chapter

Components and consumables for use in manufacture of specified

vessels

As applicable

Nil

2.

Any Chapter

Technical documentation and spare parts for construction of

warships

As applicable

Nil

XIV.

Capital goods

1.

Any Chapter

Goods under S. No. 404 of Notification No. 50/2017 Customs, used for petroleum exploration

operations

As applicable

Nil

B.

Changes in Export Duty (To be effective from 24.7.2024)

Effective export duty on raw skins, hides & leather is being simplified and rationalized. The changes are as follows -

Rate of Duty

S.

No.

Chapter or Heading

Commodity

From

To

1.

4101 to 4103

Raw  Hides       &    skins,     all     sorts

(other than buffalo)

40%

40%

2.

4101

Raw Hides & skins of buffalo

30%

30%

3.

4104 to 4106

Tanned or crust hides of skins, whether     or     not     split,     but                     not

further prepared

40

20%

4.

4104 to 4106

E.I. tanned leather

Nil

Nil

5.

41

Finished leather as defined by

DGFT finished leather norms

Nil

Nil

6.

4301

Raw fur skins

60%/10%

40%

7.

4302

Tanned or dressed fur skin

60%

20%

A.

Changes        in      Basic       Customs        Duty      (to     be effective from 24.07.2024)

Rates of Duty

S.

No.

Chapter, Heading, sub- heading,

tariff item

Commodity

From

To

I.

Agricultural Products

1.

1207 99 90

Shea nuts

30%

15%

II.

Aquafarming & Marine Exports

1.

0306 36

Live        SPF         Vannamei               shrimp (Litopenaeus vannamei) broodstock

10%

5%

2.

0306 36

Live Black tiger shrimp (Penaeus

monodon) broodstock

10%

5%

3.

0306 36 60

Artemia

5%

Nil

4.

0511 91 40

Artemia cysts

5%

Nil

5.

0308 90 00

SPF Polychaete worms

30%

5%

6.

1504 20

Fish        lipid       oil       for       use                in

manufacture of aquatic feed

15%

Nil

7.

1504 20

Crude       fish       oil       for       use                   in

manufacture of aquatic feed

30%

Nil

8.

1518

Algal Oil for use in manufacture of

aquatic feed

15%

Nil

9.

2102 20 00

Algal Prime (flour) for use in

manufacture of aquatic feed

15%

Nil

10.

2309 90 90

Mineral and Vitamin Premixes for

use in manufacture of aquatic feed

5%

Nil

11.

2301 10 90

Insect meal for use in Research & Development purposes in aquatic

feed manufacturing

15%

5%

12.

2309 90 90

Single Cell Protein from Natural Gas for use in Research & Development purposes in aquatic

feed manufacturing

15%

5%

13.

2301 20

Krill Meal for use in manufacture

of aquatic feed

5%

Nil

14.

1901

Pre-dust breaded powder for use

in processing of sea-food

30%

Nil

15.

2309 90 31

Prawn and shrimps feed

15%

5%

16.

2309 90 39

Fish feed

15%

5%

III.

Critical Minerals

1.

2504

Natural Graphite

5%

2.5%

2.

2505

Natural sands of all kinds, whether or not coloured, other than metal bearing sands of chapter 26 of

The Customs tariff Act, 1975

5%

Nil

3.

2506

Quartz (other than natural sands);

quartzite, whether or not roughly

5%

2.5%

trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square)

shape

4.

2530 90 91

Strontium sulphate (natural ore)

5%

Nil

5.

2603 00 00

Copper ores and concentrates

2.5%

Nil

6.

2605 00 00

Cobalt ores and concentrates

2.5%

Nil

7.

2609 00 00

Tin ores and Concentrates

2.5%

Nil

8.

2611 00 00

Tungsten Ores and Concentrates

2.5%

Nil

9.

2613

Molybdenum ores and

concentrates

2.5%

Nil

10.

2615 10 00

Zirconium ores and concentrates

2.5%

Nil

11.

2615 90

Hafnium Ores and concentrates

2.5%

Nil

12.

2615 90 10

Vanadium ores and concentrates

2.5%

Nil

13.

2615 90 20

Niobium or tantalum ores and

concentrates

2.5%

Nil

14.

2617

Antimony Ores and Concentrates

2.5%

Nil

15.

2804 50 20

Tellurium

5%

Nil

16.

2804 61 00

Silicon, containing by weight not

less than 99.99% of silicon

5%

Nil

17.

2804 69 00

Other silicon

5%

Nil

18.

2804 90 00

Selenium

5%

Nil

19.

2805 30 00

Alkali or alkaline earth metals, Rare-earth metals, scandium and yttrium, whether or not intermixed

or inter alloyed

5%

Nil

20.

2811 22 00

Silicon dioxide

7.5%

2.5%

21.

2815 20 00

Potassium hydroxide

7.5%

Nil

22.

2816 40 00

Oxides, hydroxides and peroxides, of strontium or barium

7.5%

Nil

23.

2822 00 10

Cobalt oxides

7.5%

Nil

24.

2822 00 20

Cobalt hydroxides

7.5%

Nil

25.

2822 00 30

Commercial cobalt oxides

7.5%

Nil

26.

2825 20 00

Lithium oxide and hydroxide

7.5%

Nil

27.

2825 30

Vanadium oxides and hydroxides

2.5%/7.5%

Nil

28.

2825 60 10

Germanium oxides

7.5%

Nil

29.

2825 70

Molybdenum oxides and

hydroxides

7.5%

Nil

30.

2825 80 00

Antimony oxides

7.5%

Nil

31.

2825 90 20

Cadmium oxides

7.5%

Nil

32.

2827 35 00

Chlorides of Nickel

7.5%

Nil

33.

2827 39 30

Strontium chloride

7.5%

Nil

34.

2833 24 00

Sulphates of Nickel

7.5%

Nil

35.

2834 21 00

Nitrates of potassium

7.5%

Nil

36.

2836 91 00

Lithium carbonates

7.5%

Nil

37.

2836 92 00

Strontium carbonates

7.5%

Nil

38.

2841 90 00

Salts            of                     oxometallic                     or peroxometallic acids of Beryllium

and Rhenium

7.5%

Nil

39.

2846

Compounds, inorganic or organic

of rare earth metals

7.5%

Nil

40.

2918 15 30

Bismuth citrate

7.5%

Nil

41.

3801

Artificial Graphite, colloidal or semi-colloidal                                                       graphite, preparations based on graphite or other carbon in form of pastes, blocks,  plates  or  other  semi-

manufactures

7.5%

2.5%

42.

8001

Unwrought Tin

5%

Nil

43.

8101 94 00

Unwrought       tungsten,                             including bars and rods obtained simply by

sintering

5%

Nil

44.

8102 94 00

Unwrought molybdenum, including bars and rods obtained simply by

sintering

5%

Nil

45.

8103 20

Unwrought       tantalum,                             including bars and rods obtained simply by

sintering, powders

5%

Nil

46.

8105 20 20

Cobalt, unwrought

5%

Nil

47.

8106 10 10

Bismuth, unwrought

2.5%

Nil

48.

8109 21 00

Unwrought zirconium, powders, Containing less than 1 part hafnium to 500 parts zirconium by

weight

10%

Nil

49.

8110 10 00

Unwrought antimony, powders

2.5%

Nil

50.

8112 12 00

Beryllium unwrought, powders

5%

Nil

51.

8112 31

Hafnium  unwrought,  waste  and

scrap, powders

10%

Nil

52.

8112 41 10

Rhenium unwrought

10%

Nil

53.

8112 69 10

Cadmium unwrought, powders

5%

Nil

54.

8112 69 20

Cadmium, wrought

5%

Nil

55.

8112 92 00

Unwrought; waste and scrap; powder of, -

(vi)          Gallium

(vii)        Germanium

(viii)       Indium

(ix)   Niobium

(x)   Vanadium

5%

Nil

IV.

Steel Sector

1.

7202 60 00

Ferro Nickel

2.5%

Nil

2.

7204

Ferrous Scrap

Nil (till 30.09.2024)

Nil (till 31.03.2

026)

3.

7225

Certain specified raw materials for manufacture of CRGO steel

Nil (till 30.09.2024)

Nil (till 31.03.2

026)

V.

Copper

1.

7402 00 10

Blister Copper

5%

Nil

VI.

Chemicals and Plastics

1.

3102 30 00

Ammonium Nitrate, whether or not in aqueous solution

7.5%

10%

2.

3920        (other

than        3920

99       99)       or

3921

All goods other than Poly vinyl chloride (PVC) flex films/flex banner

25%

(with effect

from 24.07.2024)

10%

3.

3920 99 99

All goods other than Poly vinyl chloride (PVC) flex films/flex banner

25%

(with effect from 24.07.2024)

15%

VII.

Textile and Leather Sector

1.

2929 10 90

Methylene Diphenyl Di-isocyanate (MDI) for use in the manufacture of Spandex Yarn

7.5%

5%

Subject to IGCR conditio

ns

2.

41

Wet white,       Crust                    and finished leather for manufacture of textile or     leather garments, leather /synthetic footwear          or other leather products, for export

10%

Nil

Items under Sl. No. 257B

and 257C of Notificat ion 50/2017

-

Custom s, dated 30.06.2

017

3.

38,48 or any other Chapter

Certain additional accessories and embellishments for manufacture of textile or leather garments, leather/synthetic footwear or other leather products, for export

As applicable

Nil Items under Sl. No. 257B

and 257C of Notificati on 50/2017

-

Custom s, dated 30.06.20

17

4.

0505 10

Real Down Filling Material from Duck or Goose for use in the manufacture of textile or leather

garments for export

30%

10%

VIII.

Cancer Drugs

1.

30

(iv)    Trastuzumab Deruxtecan,

(v)  Osimertinib,

(vi)  Durvalumab

10%

Nil

IX.

Precious Metals

1.

7108

Gold bar

15%

6%

2.

7108

Gold dore

14.35%

5.35%

3.

7106

Silver bar

15%

6%

4.

7106

Silver dore

14.35%

5.35%

5.

7110

Platinum, Palladium, Osmium,

Ruthenium, Iridium

15.4%

6.4%

6.

7118

Coins of precious metals

15%

6%

7.

7113

Gold/Silver findings

15%

6%

8.

71

Platinum and Palladium used in the manufacture of noble metal solutions, noble metal compounds

and catalytic convertors

7.5%

5%

9.

84

Bushings made of platinum and rhodium alloy when imported in exchange of worn out or damaged

bushings exported out of India

7.5%

5%

X.

Medical Equipment

1.

39

All types of polyethylene for use in manufacture of orthopaedic implants falling under sub-heading

9021 10

As applicable

Nil

2.

39, 72, 81

Special grade stainless steel, Titanium alloys, Cobalt-chrome alloys, and All types of polyethylene for use in manufacture of other artificial parts of the body falling under

sub-heading 9021 31 or 9021 39

As applicable

Nil

3.

9022 30 00

X-ray tubes for use in manufacture of X-ray machines for medical, surgical, dental or veterinary use

15%

5% (till 31st March 2025)

7.5%

(w.e.f 1st April, 2025 to 31st March,

2026)

10%

(w.e.f 1st April,

2026)

4.

9022 90 90

Flat panel detectors (including

scintillators) for use in manufacture of X-ray machines for medical, surgical, dental or veterinary use

15%

5% (till March 31, 2025)

7.5%

(w.e.f 1st April, 2025 to 31st

March, 2026)

10%

(w.e.f 1st April,

2026)

XI.

IT and Electronics Sector

1.

8517 13 00,

8517 14 00

Cellular mobile phone

20%

15%

2.

8504 40

Charger/Adapter of cellular mobile

phone

20%

15%

3.

8517 79 10

Printed Circuit Board Assembly

(PCBA) of cellular mobile phone

20%

15%

4.

28, 29, 38

Specified parts for use in

manufacture of connectors

5%/7.5%

Nil

5.

74

Oxygen Free Copper for use in

manufacture of Resistors

5%

Nil

6.

40

Specified die-cut parts for use in

manufacture of cellular mobile phones

As applicable

Nil

7.

40, 70, 76

Specified mechanics for use in

manufacture of cellular mobile phones

As applicable

Nil

8.

8517 79 10

Printed Circuit Board Assembly

(PCBA) of specified telecom equipment

10%

15%

XII.

Renewable Energy Sector

1.

84, 85, or any other chapter

Specified capital goods for use in manufacture of solar cells or solar modules, and parts for

manufacture of such capital goods

7.5%

Nil

2.

7007

Solar glass for manufacture of solar cells or solar modules

Nil

10%

(w.e.f. 1.10.20

24)

3.

74

Tinned copper interconnect for manufacture of solar cells or solar modules

Nil

5%(w.e.f 1.10.20

24)

XIII.

Shipping

1.

Any Chapter

Components and consumables for use in manufacture of specified

vessels

As applicable

Nil

2.

Any Chapter

Technical documentation and spare parts for construction of

warships

As applicable

Nil

XIV.

Capital goods

1.

Any Chapter

Goods under S. No. 404 of Notification No. 50/2017 Customs, used for petroleum exploration

operations

As applicable

Nil

B.

Changes in Export Duty (To be effective from 24.7.2024)

Effective export duty on raw skins, hides & leather is being simplified and rationalized. The changes are as follows -

Rate of Duty

S.

No.

Chapter or Heading

Commodity

From

To

1.

4101 to 4103

Raw  Hides       &    skins,     all     sorts

(other than buffalo)

40%

40%

2.

4101

Raw Hides & skins of buffalo

30%

30%

3.

4104 to 4106

Tanned or crust hides of skins, whether     or     not     split,     but     not

further prepared

40

20%

4.

4104 to 4106

E.I. tanned leather

Nil

Nil

5.

41

Finished leather as defined by

DGFT finished leather norms

Nil

Nil

6.

4301

Raw fur skins

60%/10%

40%

7.

4302

Tanned or dressed furskin

60%

20%

About us:

A2Z Taxcorp LLP is a boutique Indirect Tax firm having its offices at New Delhi and Guwahati specializing in GST, Central Excise, Custom, Service Tax, VAT, DGFT, Foreign Trade Policy, SEZ, EOU, Export – Import Laws, Free Trade Policy, etc. It is a professionally managed firm having a team of experienced and distinguished Chartered Accountants, Company Secretary, Lawyers, Corporate Financial Advisors and Tax consultants to provide various services like litigation and representation, transaction advisory, diagnostic reviews/ health checks, audit defense & protection, retainership & compliance, configuration of tax efficient business model etc. Its clientele consists mainly of Foreign MNC, large/mid-sized Indian companies which includes exporters, FMCG, consumer durables, automobiles, aerated beverages, ceramic tiles, real-estate, hospitality, etc.