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of <h1>Budget 2020-21: Withdrawal of Basic Customs Duty Exemptions on Goods per Notification No. 50/2017-Customs.</h1> The Budget 2020-21 and Finance Bill 2020 propose the withdrawal of Basic Customs Duty (BCD) exemptions on various goods as listed in Notification No. 50/2017-Customs dated June 30, 2017. The affected items include tuna bait, milk and cream, whey, butter ghee, cheese, conch shell, maize, edible oils, raw sugar, chewing gum, infant food preparations, preserved potatoes, peanut butter, sacramental wine, vaccines, polymers, and certain equipment for specific projects. This change aims to revise the concessional rates previously applied to these goods, impacting imports and potentially influencing domestic markets.
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