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of <h1>Finance Bill 2020: Customs Duty Changes Impact Horses, Marine Fuels, Electronics, and Automotive Parts.</h1> The Finance Bill 2020 outlines proposed changes to customs duty rates across various sectors. Notable changes include the removal of duties on pure-bred breeding horses and certain marine fuels, while increasing duties on items like colloidal precious metals and butyl acrylate. The paper industry sees a reduction in duties for newsprint and specific printing papers. Precious stones and metals face new duties, with gold for semiconductors now taxed at 12.5%. Electronic goods like mobile phone components have increased duties, while some microphone parts see exemptions. Automotive parts, especially for electric vehicles, face significant duty hikes. Defense equipment imported by specified public sector units remains duty-free.
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