Delhi/Hyderabad, Feb 1 (Maxim News): The Union Finance Minister Nirmala Sitharaman announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Also, customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
Announced a hike in basic customs duty on articles made from gold bars, increased the tax on cigarettes by 16 percent, and reduced customs duty on shrimp feed to promote exports.
The Finance Minister announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Also, customs duty on parts of open cells of TV panels would be cut to 2.5 percent. Customs duty on kitchen electric chimneys increased to 15 percent from 7.5 percent.
What get cheaper?
Customs duty on parts of open cells of TV panels cut to 2.5 percent.
The government proposed to reduce customs duty on the import of certain inputs for mobile phone manufacturing.
Government to reduce basic customs duty on seeds used in the manufacturing of lab-grown diamonds
Government to reduce customs duty on shrimp feed to promote exports.
What gets costlier?
Taxes on cigarettes hiked by 16 percent
The basic import duty on compounded rubber increased to 25 percent from 10 percent.
Basic customs duty hiked on articles made from gold bars.
Customs duty on kitchen electric chimneys increased to 15 percent from 7.5 percent. (Maxim News)
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