Sir kindly let me know the BCD and IGST rate as well as cess applicable on Importation of goods falling under CTH 24012000
Tax rate on Tobacco products
Sudhir Kumar
Duty Rates on Unmanufactured Tobacco Imports: 30% BCD, 28% IGST, 71% Cess on Branded Tobacco, Nil on Unbranded. A query was raised regarding the applicable Basic Custom Duty (BCD), Integrated Goods and Services Tax (IGST), and cess on the importation of goods under the Harmonized System Code 24012000, which pertains to unmanufactured tobacco. Responses suggested using the official customs website for accurate tax rates and provided specific duty rates: 30% BCD, 10% Social Welfare Surcharge on BCD, and 28% IGST. The compensation cess is nil for unbranded tobacco and 71% for branded tobacco, resulting in a total duty of 70.24% for branded tobacco. (AI Summary)