CHANGES IN BASIC CUSTOMS DUTY

Tariff measures taken to curb the imports of non-essential items

The Central Government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items. These changes aim at narrowing the current account deficit (CAD). In all the customs duty has been increased on 19 items as detailed below:

S. No.	Item	Tariff code (HSN)	Basic customs duty
			From	To
1	Air conditioners	8415	10	20
2	Household Refrigerators	8418	10	20
3	Washing machines less than 10 Kg	8450	10	20
4	Compressor for air conditioners and refrigerators	8414 30 00 / 8414 80 11	7.5	10
5	Speakers	8518 29 00	10	15
6	Footwears	6401        to 6405	20	25
7	Radial Car tyres	4011 10 10	10	15
8	Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond	71	5	7.5
9	Diamonds-semi processed, half cut or broken	71	5	7.5
10	Lab grown diamonds	71	5	7.5
11	Cut and polished Colored gemstone	71	5	7.5
12	Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal	7113	15	20
13	Articles of Goldsmith or silversmith wares and parts thereof of precious metal or of metal clad with precious metal	7114	15	20
14	Bath, shower bath, sink, wash basin, etc. of plastics	3922	10	15
15	Articles of plastics for conveyance and packing such as boxes, case, containers, bottles, insulated ware etc.	3923	10	15
16	Tableware, kitchenware and other household items of plastics	3924	10	15
17	Miscellaneous items of plastics such as office stationery, fitting for furniture’s, decorative sheets, statuettes, beads, bangles etc.	3926	10	15
18	Trunks, Suitcase, Executive cases, Brief Cases, travel bags and other bags etc.	4202	10	15
19	Aviation turbine fuel	2710 19 20	0	5

Notifications are being issued today. These changes in rates of basic customs duty (BCD) will be effective from 27.09.2018 (i.e., midnight of 26^th September/27^th September, 2018)