Seeks to further amend notification No. 50/2017-Customs dated the 30th June so as to prescribe effective rate of basic customs duty (BCD) consequent to the changes proposed in the Union Budget 2018-19.
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Basic customs duty adjustments amend tariff entries, prescribing altered duty rates and specific exclusions across multiple goods.
Amends notification No. 50/2017 Customs to substitute, omit or insert specified tariff table entries and to prescribe revised basic customs duty rates and carve outs for numerous tariff headings. New entries cover rubber goods (with specified exclusions), paper goods excluding kites, engine and engine part categories with motor vehicle carve outs, electronic and LCD/LED panel parts, CNC machine components, radio trunking parts, and cochlear implant inputs (nil duty). The changes alter duty percentages and tariff classifications by substitution, insertion or omission of S.Nos. and related table entries.