Thursday, July 10, 2014

India - Union Budget 2014-15 - Basic Customs Duty on stainless steel flat products is being increased from 5% to 7.5%

1) Basic Customs Duty on stainless steel flat products (CTH 7219 and 7220) is being increased from 5% to 7.5%
2) The BCD on ships imported for breaking up is being reduced from 5% to 2.5%.
3) Export duty on bauxite is being increased from 10% to 20% .
4) Basic Customs Duty on coal tar pitch is being reduced from 10% to 5%.
5) Basic Customs Duty on battery waste and battery scrap is being reduced from 10% to 5%
6) Basic Customs Duty on steel grade limestone and steel grade dolomite is being reduced from 5% to 2.5%.

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