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of <h1>Finance Bill 2019 Raises Customs Duties on Construction Materials, Precious Metals, and Electronics; Excludes Personal Use Books.</h1> The Finance (No. 2) Bill, 2019 introduces amendments to the First Schedule of the Customs Tariff Act, 1975, effective from July 6, 2019. Key changes include increased basic customs duty rates on various commodities: construction materials like plastic floor coverings and ceramic tiles rise from 10% to 15%; precious metals such as silver, gold, and platinum increase from 10% to 12.5%; automobile parts like friction materials and locks for vehicles see rates rise from 10% to 15%. Electronics, including air conditioners and CCTV cameras, also face higher duties. Additionally, printed books imported for personal use are excluded from certain tariff headings.
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