Global Trade Alert
Global Trade Alert

India: Trade implications of the 2019-20 budget

Announcement

05 Jul 2019

On 5 July 2019, the Indian Finance Minister announced the Budget for year 2019-2020. The trade implications of the announcements in the budget have been summarised in this State Act.

Source

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

3 in force

Implementation date

06 Jul 2019

Revocation date:

No revocation date

Import tariff In force

In Indian Budget for the year 2019-2020, the Basic Customs Duty has been increased on the following goods -  On Cashew Kernel-broken (0801.32.10) from "INR 60 per kg. or 45%" to 70% and on Cashew Ker...

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Implementation date

06 Jul 2019

Revocation date:

No revocation date

Import tariff In force

The finance ministry also announced that in the Indian Budget for the year 2019-2020, the Basic Customs Duty has been reduced on the following goods - On Naptha (HS 2710) from 5% to 4% On Uranium Or...

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Export tax In force

Furthermore, in the Indian Budget for the year 2019-2020, the export duty on the following goods has been reduced -  Export duty on EI tanned leather has been reduced from 15% to Nil Export duty on H...

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