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of <h1>Finance Bill 2019: Customs Duty Exemptions for Defense, Artificial Kidneys, and Nuclear Materials; Increases on Cashews, Plastics, and More.</h1> The Finance (No. 2) Bill, 2019, proposes changes in basic customs duty rates and clarifications on respective notifications. Key changes include exemption of customs duty on specified defense equipment and parts, raw materials for artificial kidney manufacturing, and nuclear power generation materials. Increased duties are applied to cashew kernels, palm stearin, certain plastics, and rubber products. Adjustments include reduced duties on wool fibers and tops, and increased rates for marble slabs, precious metals, and certain electronic items. The bill also clarifies that prawn and shrimp larvae feed, except in pellet form, will attract a 5% duty.
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