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of <h1>Budget 2021-22: Customs Duty Hikes on Ethyl Alcohol, Textiles; Reductions for Iron & Steel Scrap, Medical Devices Exempted.</h1> The changes in basic customs duty rates effective from February 2, 2021, as part of the Budget 2021-22 and Finance Bill, 2021. Key adjustments include increased duties on denatured ethyl alcohol, various agricultural products, and textiles like raw silk and cotton. Duties on minerals such as natural borates and naphtha have been altered, with some reductions. Changes also affect metals, electronics, and renewable energy sectors, with notable reductions for iron and steel scrap, and increases for electronic components. Additionally, duties on medical devices imported by international organizations have been removed.
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