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of <h1>Finance Bill 2021 Withdraws Customs Duty Concessions on Spandex Materials, Printer Parts, and More from April 1.</h1> The Finance Bill of 2021, part of the Budget 2021-22, includes a review and pruning of customs duty concessions and exemptions. The concessional rates of Basic Customs Duty (BCD) previously granted under notification No. 50/2017-Customs dated 30.6.2017 are being withdrawn for several items. These include materials used in the manufacture of spandex yarn, printer components, and various other goods such as wax items, wood polish materials, fasteners, zippers, and sewing threads. The changes are effective from April 1, 2021, impacting a range of goods across different categories.
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