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Global Trade Alert

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India: Customs duty changes on the imports of certain goods as part of the 2023-2024 budget

Description

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs reduced the customs duty on seeds for use in the manufacturing of rough lab-grown diamonds. The duty has bee...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

02 Feb 2023

Revocation date

31 Jan 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

sector-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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