Government increases basic customs duty (BCD) will be Effective from September 27, 2018

Government increases basic customs duty (BCD) will be Effective from September 27, 2018
The Central Government has issued a Press Release dated September 26, 2018 (refer below) by increasing the Basic Customs Duty, to curb import of certain imported items. These changes in rates of Basic Customs Duty (BCD) will be effective from September 27, 2018 (i.e., midnight of September 26, 2018 or September 27, 2018).

The following are the list of 19 items on which BCD has been increased:
S. No. Item Tariff code (HSN) Basic customs duty
Existing Revised
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
Press Note 26_9_18
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CA Ankit Gulgulia (Jain)

He is Founder Member at AGA Advisory, Practicing Chartered Accountant, Editor in Chief at Chartered Online and Fellow Member of ICAI. AGA has been Handling matters related to Taxation, Audits, Assurances, Corporate Laws and Finance field etc since 2010 with clients across multiple domains & cities. He has authored Books, panelled on TV-Talk Shows and conducted seminars / Trainings at various forums. Link to Complete Profile of AGA and CA Ankit Gulgulia (Jain)

CA Ankit Gulgulia (Jain)
About CA Ankit Gulgulia (Jain) 1082 Articles
He is Founder Member at AGA Advisory, Practicing Chartered Accountant, Editor in Chief at Chartered Online and Fellow Member of ICAI. AGA has been Handling matters related to Taxation, Audits, Assurances, Corporate Laws and Finance field etc since 2010 with clients across multiple domains & cities. He has authored Books, panelled on TV-Talk Shows and conducted seminars / Trainings at various forums. Link to Complete Profile of AGA and CA Ankit Gulgulia (Jain)

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