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Global Trade Alert

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India: Customs duty on the imports of certain raw materials reduced as part of the 2023-2024 budget

Description

On 1 February 2023, the Indian Ministry of Finance through Notification No. 06/2023-Customs temporarily reduced the customs duty on the imports of certain raw materials. The amendment is effective unt...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

02 Feb 2023

Revocation date

31 Mar 2024

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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