Just a moment...
We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Note
Bookmark
Share
Don't have an account? Register Here
Budget 2020-21 + FINANCE BILL, 2020
AMENDMENTS | ||||
A. | Tariff rate changes for Basic Customs Duty [to be effective from 02.02.2020] * [Clause 115 (a) of the Finance Bill, 2020] | Rate of Duty | ||
S.No. | Heading, sub-heading, tariff item | Commodity | From | To |
|
| Food processing |
|
|
1. | 0802 32 00 | Walnuts, shelled | 30% | 100% |
|
| Chemicals |
|
|
2. | 3824 99 00 | Other Chemical products and preparations of the chemical or allied industries, not elsewhere specified | 10% | 17.5% |
|
| Footwear |
|
|
3. | 6401, 6402, 6403, 6404, 6405 | Footwear | 25% | 35% |
4. | 6406 | Parts of footwear | 15% | 20% |
|
| Household Items |
|
|
5. | 6911 10, 6911 90 20, 6911 90 90 | Tableware, kitchenware, water filters (of a capacity not exceeding 40 litres) and other household articles, of porcelain of china. | 10% | 20% |
6. | 6912 00 10, 6912 00 20, 6912 00 40, 6912 00 90 | Ceramic tableware, kitchen-ware, clay articles and other household articles | 10% | 20% |
7. | 7013 | Glassware of a kind used for table, kitchen, toilet, office, indoor decoration or Similar purposes (other than that of heading 7010 or 7018) | 10% | 20% |
8. | 7323 | Table kitchen or other household articles and parts thereof, of iron or steel, iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel, including pressure cookers pans utensils, misc articles such as iron & steel wool, polishing pads, gloves etc. | 10% | 20% |
9. | 7418 10 | Table, kitchen or other household articles and parts thereof, of copper; pot scourers and scouring or polishing pads, gloves and the like, of copper. | 10% | 20% |
10. | 7615 10 | Table, kitchen or other household articles and parts thereof, of aluminum; pot scourer and scouring or polishing pads, gloves and the like, of aluminum. | 10% | 20% |
11. | 8301 | Padlocks and locks (key, combination or electrically operated) of base metal; Clasps and frames with clasps, incorporating locks of base metals; keys for any of the foregoing articles, of base metals (Other than lock of a kind used for automobiles.) | 10% | 20% |
12. | 9603 | Brooms, brushes, hand operated mechanical floor sweepers, not motorized, mops and feather dusters; prepared knots and tufts for broom or brush making; paint pads and rollers; Squeegees (other than roller squeegees). | 10% | 20% |
13. | 9604 00 00 | Hand sieves and hand riddles. | 10% | 20% |
14. | 9615 | Combs, hair-slides and the like, hairpins curling pins, curling grips, hair curlers and the like other than those of heading 8516 and parts thereof. | 10% | 20% |
15. | 9617 | Vacuum flasks and other vacuum vessels, complete with cases; parts thereof other than glass inners. | 10% | 20% |
16. | 8414 51 10 | Table Fans | 10% | 20% |
17. | 8414 51 20 | Ceiling Fans | 10% | 20% |
18. | 8414 51 30 | Pedestal Fans | 10% | 20% |
19. | 8414 59 20 | Blowers, Portable | 10% | 20% |
20. | 8509 40 10 | Food Grinders | 10% | 20% |
21. | 8509 40 90 | Other grinders and Mixer | 10% | 20% |
22. | 8509 80 00 | Other Appliances | 10% | 20% |
23. | 8510 10 00 | Shavers | 10% | 20% |
24. | 8510 20 00 | Hair Clippers | 10% | 20% |
25. | 8510 30 00 | Hair-removing appliances | 10% | 20% |
26. | 8516 10 00 | Water heaters and immersion heaters | 10% | 20% |
27. | 8516 21 00 | Storage heating radiators | 10% | 20% |
28. | 8516 29 00 | Other electrical space heating apparatus | 10% | 20% |
29. | 8516 31 00 | Hair Dryers | 10% | 20% |
30. | 8516 32 00 | Other hair dressing apparatus | 10% | 20% |
31. | 8516 33 00 | Hand Drying apparatus | 10% | 20% |
32. | 8516 40 00 | Electric smoothing irons | 10% | 20% |
33. | 8516 60 00 | Other ovens, cookers, cooking plates, boiling rings, grillers and roasters | 10% | 20% |
34. | 8516 71 00 | Coffee and Tea Makers | 10% | 20% |
35. | 8516 72 00 | Toasters | 10% | 20% |
36. | 8516 79 10 | Electro-thermic fluid heaters | 10% | 20% |
37. | 8516 79 20 | Electrical or electronic devices for repelling insects | 10% | 20% |
38. | 8516 79 90 | Other electro-thermic appliances used for domestic purposes | 10% | 20% |
39. | 8516 80 00 | Electric heating resistors | 10% | 20% |
|
| Precious Metals |
|
|
40. | 7118 | Coin | 10% | 20% |
|
| Machinery |
|
|
41. | 8414 51 40 | Railway Carriage fans | 7.5% | 10% |
42. | 8414 51 90 | Other fans with a self-contained electric motor not exceeding 125W | 7.5% | 20% |
43. | 8414 59 10 | Air Circulator | 7.5% | 10% |
44. | 8414 59 30 | Industrial fans blowers and similar blowers | 7.5% | 10% |
45. | 8414 59 9 | Other industrial fans | 7.5% | 10% |
46. | 8414 30 00, 8414 80 11 | Compressor of Refrigerator and Air conditioner | 10% | 12.5% |
47. | 8419 89 10 | Pressure vessels | 7.5% | 10% |
48. | 8418 10 10 | Commercial type combined refrigerator freezers, fitted separate external doors | 7.5% | 15% |
49. | 8418 30 10 | Commercial freezer of chest type, not exceeding 800 litre capacity | 7.5% | 15% |
50. | 8418 30 90 | Other chest type freezers | 10% | 15% |
51. | 8418 40 10 | Electrical freezers of upright type, not exceeding 800 litre capacity | 7.5% | 15% |
52. | 8418 40 90 | Other freezers of upright type, not exceeding 800 litre capacity | 7.5% | 15% |
53. | 8418 50 00 | Refrigerating or freezing display counters, cabinets, Show-cases and the like | 7.5% | 15% |
54. | 8418 61 00 | Heat pumps other than air conditioning machines | 7.5% | 15% |
55. | 8418 69 10 | Ice making machinery | 7.5% | 15% |
56. | 8418 69 20 | Water cooler | 10% | 15% |
57. | 8418 69 30 | Vending machine, other than automatic | 10% | 15% |
58. | 8418 69 40 | Refrigerating equipment/devices used in leather industry | 7.5% | 15% |
59. | 8418 69 50 | Refrigerated farm tanks, industrial ice cream freezer | 7.5% | 15% |
60. | 8418 69 90 | Others (like freezers of capacity 800 litres and more etc.] | 7.5% | 15% |
61. | 8515 (except 8515 90 00) | Welding and Plasma cutting machines | 7.5% | 15% |
|
| Other Electronic goods |
|
|
62. | 8504 40 (except 8404 40 21) | Static Converters | 15% | 20% |
63. | 8504 40 21 | Dip bridge rectifier | 10% | 20% |
64. | 8517 70 10 | Populated, loaded or stuffed printed circuit boards | 10% | 20% |
|
| Automobile and automobile parts |
|
|
65. | 8421 39 20, 8421 39 90 | Catalytic Convertor | 10% | 15% |
|
| Furniture Goods |
|
|
66. | 9401 | Seats and parts of seats (other than aircraft seats and their parts) | 20% | 25% |
67. | 9403 | Other Furniture and parts thereof | 20% | 25% |
68. | 9404 | Mattress supports: Articles of bedding and similar furnishing | 20% | 25% |
69. | 9405 | Lamps and lighting fittings including searchlights and spotlights and pads thereof; Illuminated signs, illuminated name plates and the like, having a permanently fixed light source, and parts thereof (except solar lantern and solar lamps). | 20% | 25% |
|
| Toys |
|
|
70. | 9503 | Tricycles, scooters, pedal-cars and similar wheeled-toys; dolls' carriages; dolls; other toys; reduced-Size (“scale”) models and similar recreational models, working or not; puzzles of all kinds | 20% | 60% |
|
| Stationary items |
|
|
71. | 8304 00 00 | Filing, cabinets. card-index cabinets, paper-trays, paper rests, pen trays, office-stamp stands and similar office or desk equipment of base metal, Other than office furniture of heading 9403 | 10% | 20% |
72. | 8305 | Fittings for loose-leaf binders or files, letter clips, letter corners, paper clips, indexing tags and similar office articles, of base metal; staples in strips (for example, for offices, upholstery, packaging), of base metal | 10% | 20% |
73. | 8310 | Sign-plates, name-plates, address-plates and similar plates, numbers, letters and other symbols, of base metal, excluding those of heading 9405 | 10% | 20% |
|
| Miscellaneous |
|
|
74. | 6702 | Artificial Flowers | 10% | 20% |
75. | 7018 10 20 | Glass Beads | 10% | 20% |
76. | 8306 | Bells, gongs, statuettes, trophies and like, non-electric of base metal; statuettes and other ornaments of base metal; photograph, picture or similar frames, of base metal; mirrors of base metal. | 10% | 20% |
B. | New entries added to the First Schedule [to be effective from 02.02.2020] * [Clause 115(b) of the Finance Bill, 2020] | |||
S. No | Tariff Item | Description | Tariff Rate | Effective rate |
1. | 8414 51 50 | Wall fans | 20% | 20% |
2. | 8529 90 30 | Open cell for television set | 15% | 0% |
3. | 8541 40 11 | Solar cells, not assembled | 20% | 0% |
4. | 8541 40 12 | Solar cells, assembled in modules or made up in panels | 20% | 0% |
*Will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931.
Full Text:
Basic Customs Duty increases apply to numerous tariff headings, altering import duty obligations from the effective date. Amendments increase the Basic Customs Duty in the First Schedule to the Customs Tariff Act, 1975 for numerous tariff headings, specifying revised duty percentages for defined commodities and adding new tariff entries; certain new entries show an operative zero effective rate. The changes are effective 02.02.2020 and declared immediately collectible under the Provisional Collection of Taxes Act, 1931.Press 'Enter' after typing page number.
TaxTMI