TaxTMI 
TaxTMI 
Budget 2025 - Key changes announced in Customs duties
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....udget 2025 - Key changes announced in Customs duties<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 1-2-2025<br>Key changes announced in Customs duties and exemptions - Budget 25 What&#....
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....39;s Getting Cheaper? Life-Saving Drugs - 36 essential medicines will be exempt fully from Basic Customs Duty (BCD). Critical Minerals - 12 more critical minerals, including cobalt powder, lithium-i....
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....on battery waste, lead, and zinc, to be exempt from Basic Customs Duty. Shipbuilding - Basic Customs Duty exemption for ships and their parts extended for 10 more years. Ethernet Switches - Basic cu....
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....stom duty on Carrier Grade Ethernet switches reduced from 20% to 10%, matching them with non-Carrier Grade switches. EV & Mobile Battery Manufacturing - 35 additional goods for EV battery production ....
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....and 28 for mobile phone battery manufacturing added to the BCD exemption list. Open-Cell Displays - Reduction of custom duty to 5%. Fish & Seafood - Customs duty on fish paste reduced from 30% to 5%....
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..... Tax levied on Frozen fish at 5%, down from 30%. Fish hydrolysates duties cut from 15% to 5%. Leather - Wet blue leather is now fully exempt from duties. What's Getting Costlier? Flat Panel Di....
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....splays - Basic custom duty increased from 10% to 20%, impacting TVs and mobile phones. Social Welfare Surcharge - Removal of exemption on 82 tariff lines at presently under cess.<br> Scholarly articl....
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....es for knowledge sharing by authors, experts, professionals ....