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    Case LawsIncome Tax
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      OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES IN NOTIFICATIONS

      1 February, 2025

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      Union Budget 2025-26 (Full) + Finance Bill, 2025

      IV. OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES IN NOTIFICATIONS

      A.

      Changes in Basic Customs Duty (to be effective from 02.02.2025)

      Rates of Duty

      S. No.

      Chapter, Heading, sub- heading, tariff item

      Commodity

      From

      To

       

       

      Aquafarming & Marine Exports

       

       

       1.

      0304 99 00

      Frozen Fish Paste (Surimi) for use in manufacture of Surimi Analogue products, for export

       30%

       5%

      2.

      2301 20

      Fish Hydrolysate for use in manufacture of aquatic feed

      15%

      5%

       

       

      Leather

       

       

      3.

      4104 11 00 4104 19 00 4105 10 00 4106 21 00 4106 31 00 4106 91 00

      Wet blue leather (hides and skins)

      10%

      Nil

       

       

      Gems and Jewellery Sector

       

       

      4.

      7113

      Platinum Findings

      25%

      5%

       

       

      Metal Scrap & Lithium-Ion Battery Waste and Scrap

       

       

      5.

      7802

      Lead waste and scrap

      5%

      Nil

      6.

      7902

      Zinc waste and scrap

      5%

      Nil

      7.

      8105 20 30

      Cobalt powders

      5%

      Nil

      8.

      8549 13 00 8549 14 00 8549 19 00

      Waste and scrap of Lithium-Ion Battery

      5%

      Nil

       

       

      IT and Electronics Sector

       

       

      9.

      8517

      Ethernet switches Carrier grade

      20%

      10%

      10.

      8524 8529

      Open cell for Interactive Flat Panel Display Module with or without touch, Touch Glass Sheet and Touch Sensor PCB for the manufacture of the Interactive Flat Panel Display Module.

      15%/10%

      5%

      11.

      8529

      Inputs and Parts of the Open Cells for use in the manufacture of Television Panels of LED/LCD TV.

      2.5%

      Nil

      12.

      Any chapter

      Inputs or Parts/sub-parts for use in the manufacture of the Printed Circuit Board Assembly, Camera module and connectors of cellular mobile phones and inputs and raw materials for use in the manufacture of specified parts of cellular mobile phones i.e on Wired Headset, Microphone and Receiver, USB Cable and Fingerprint reader/Scanner of Cellular Mobile Phone.

      2.5%

      Nil

      13.

      Any chapter

      Add 35 capital goods for use in the manufacture of lithium-ion battery of EVs and 28 capital goods for use in the manufacture of lithium-ion battery of mobile phones in the list of exempted capital goods

      As applicable

      Nil

      14.

      Any chapter

      To amend entry S. No. 6D of Notification No. 57/2017-Customs and incorporate ‘any chapter’ in column (2) for  goods  used  to  manufacture mechanics of mobile phone

      As applicable

      10%

       

       

      Automobile

       

       

      15.

      8702

      Motor vehicles for transport of 10 or more persons

      25%/40%

      20%

      16.

         8703

      Motor cars and other motor vehicles with CIF value more than US $40,000 or with engine capacity more than 3000 cc for petrol run vehicles and more than 2500 cc for diesel run vehicles or with both

         100%

         70%

      17.

      8704

      Motor vehicles for transport of goods

      25%/40%

      20%

      18.

      8711

      Motor cycles with engine capacity not exceeding 1600cc in CBU form

      50%

      40%

      19.

      8711

      Motor cycles with engine capacity not exceeding 1600cc in SKD form

      25%

      20%

      20.

      8711

      Motor cycles with engine capacity not exceeding 1600cc in CKD form

      15%

      10%

      21.

      8711

      Motor cycles with engine capacity of 1600cc and above in CBU form

      50%

      30%

      22.

      8711

      Motor cycles with engine capacity of 1600cc and above in SKD form

      25%

      20%

      23.

      8711

      Motor cycles with engine capacity of 1600cc and above in CKD form

      15%

      10%

       

       

      Toys

       

       

      24.

       9503 00 91

      Parts of electronic toys for manufacture of electronic toys

       25%

       20%

      B.

      Changes in Export Duty (To be effective from 2nd February, 2025)

      Rate of Duty

      S. No.

      Tariff item

      Commodity

      From

      To

      1.

      4104 41 00

      Crust leather (hides and skins)

       

       

      4104 49 00

      4105 30 00

      4106 22 00

      4106 32 00

      4106 92 00

       

      20%

      Nil

       

      Full Text:

      Union Budget 2025-26 (Full) + Finance Bill, 2025

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