Global Trade Alert
Global Trade Alert

India: Trade implications of the 2020-21 budget

Announcement

01 Feb 2020

On 1 February 2020 , the Indian Finance Minister announced the Annual Budget for the years 2020-2021. The international trade and commerce implications of the 2020-2021 budget have been summarised in this State Act.

 

Source

Sign in to access

Number of interventions

17

10 certainly harmful

0 likely harmful

7 liberalising

List of interventions

Implementation date

01 Apr 2020

Revocation date:

31 Mar 2024

Announced: 01 Feb 2020
State aid, nes
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, a scheme to support the production of technical textiles has been p...
Sign in to see more

Implementation date

02 Feb 2020

Revocation date:

No revocation date

Announced: 01 Feb 2020
Tax or social insurance relief In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been increased on the imports of certain...
Sign in to see more
Announced: 01 Feb 2020
Controls on commercial transactions and investment instruments In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the policy on interest withholding has been amended on the followin...
Sign in to see more
Announced: 01 Feb 2020
Other import charges In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. A Social Welfare Surcharge was introduced in the Annual Budget of 2019-20 and was levied a...
Sign in to see more
Announced: 01 Feb 2020
Import tariff In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been reduced on the following goods impo...
Sign in to see more
Announced: 01 Feb 2020
Import tariff In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been reduced on the following goods - ...
Sign in to see more

Implementation date

02 Feb 2020

Revocation date:

No revocation date

Announced: 01 Feb 2020
Tax or social insurance relief In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been reduced on the imports of certain r...
Sign in to see more
Announced: 01 Feb 2020
Import tariff quota In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the following Import Quotas with reduced customs duties have been w...
Sign in to see more
Announced: 01 Feb 2020
Other export incentive In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, a new scheme, called NIRVIK or "Export Credit Insurance Scheme", to...
Sign in to see more
Announced: 01 Feb 2020
Other import charges In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, a Health Cess of 5% has been levied on the import of all medical de...
Sign in to see more
Announced: 01 Feb 2020
Import tariff In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been increased on the following imports ...
Sign in to see more
Announced: 01 Feb 2020
Import tariff In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been increased for goods imported for th...
Sign in to see more
Announced: 01 Feb 2020
Other import charges In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. In the 2019-2020 Budget, a Social Welfare Surcharge of 10% was announced on the imports of...
Sign in to see more
Announced: 01 Feb 2020
Import tariff In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the Basic Customs Duty has been increased on the import of the foll...
Sign in to see more

Implementation date

02 Feb 2020

Revocation date:

08 Jun 2020

Announced: 01 Feb 2020
Import tariff
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. The import of bamboo for use in the manufacture of Agarbatti (incense sticks) attracts a ...
Sign in to see more

Implementation date

01 Feb 2020

Revocation date:

No revocation date

Announced: 01 Feb 2020
FDI: Entry and ownership rule In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, the investment limit for Foreign Portfolio Investors in corporate b...
Sign in to see more

Implementation date

01 Feb 2020

Revocation date:

31 Mar 2027

Announced: 01 Feb 2020
FDI: Financial incentive In force
On 1 February 2020, the Indian Finance Minister announced the Annual Budget for the Financial year 2020-2021. As part of the Budget, a 100% tax exemption has been announced on the interest, dividend, ...
Sign in to see more

Threads

See all

Liberalising Trade Policy Measures

This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

14451

interventions

186

jurisdictions

Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70642

interventions

194

jurisdictions

Harmful Trade Policy Interventions: Iron & Steel

This Thread tracks harmful trade policy interventions affecting iron and steel products since 2009. It covers all types of interventions monitored by Global Trade Alert that affect at least one HS code linked to iron and steel, including fabricated metal products.

Published: 09 Jan 2025

5926

interventions

126

jurisdictions

Harmful Trade Policy Interventions: Aluminium

This Thread tracks harmful trade policy interventions affecting aluminium since 2009. It covers all types of interventions monitored by Global Trade Alert that affect at least one HS code linked to aluminium, either as ore, slag or in its oxide form.

Published: 09 Jan 2025

1952

interventions

110

jurisdictions

Harmful Trade Policy Interventions: Medical Goods

This Thread tracks harmful trade policy interventions affecting HS codes for medical consumables, equipment, medicines, vaccines, as well as chemicals used in pharmaceutical production. It covers all types of interventions monitored by Global Trade Alert since 2009. To identify relevant policy actions, the Global Trade Alert team focused on the identification of relevant HS codes following the pr...

Published: 09 Jan 2025

7346

interventions

152

jurisdictions

Import Restrictions: Chemicals

This Thread tracks global import restrictions affecting a wide range of chemicals from rare gases to biodiesel. Focusing solely on interventions classified as import restrictions by Global Trade Alert, it highlights how the yearly number of these measures has evolved since 2009. Discover key trends, significant figures, and the countries most impacted by these policies in this comprehensive overvi...

Published: 09 Jan 2025

905

interventions

133

jurisdictions

BRICS: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by BRICS members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 13 Jan 2025

23412

interventions

81

jurisdictions

G20: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by G20 members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 15 Jan 2025

53972

interventions

121

jurisdictions

Import and Export Restrictions: Critical Minerals

This Thread tracks global import and export restrictions affecting critical minerals. It covers policy interventions affecting these measures since 2009. Relevant interventions are identified based on intervention type and specific HS codes. Note that the GTA focuses on a compilation list of all the critical minerals mentioned in different national lists to identify relevant HS codes.

Published: 31 Jan 2025

1442

interventions

124

jurisdictions

Subsidies to Semiconductors

This Thread tracks the domestic subsidies affecting semiconductors, including integrated circuits and chips. Focusing solely on interventions classified as subsidies by Global Trade Alert and HS codes linked to semiconductors, it covers policy interventions adopted since 2017. Note that to identify relevant policy actions, the Global Trade Alert team focused on a mixed approach based on the ident...

Published: 23 Jan 2025

397

interventions

40

jurisdictions

Subsidies to the Semiconductor Supply Chain

This Thread tracks the domestic subsidies affecting the semiconductor supply chain, including related materials, components, machinery, software, and specialised services. Focusing solely on interventions classified as subsidies by Global Trade Alert, it covers policy interventions adopted since 2017. Note that to identify relevant policy actions, the Global Trade Alert team focused on a mixed ap...

Published: 23 Jan 2025

299

interventions

40

jurisdictions

Foreign Direct Investment: Restrictions and Regulations

This Thread documents policy interventions affecting foreign direct investments (FDI) since 2017. Specifically, it encompasses screening mechanisms, foreign ownership limitations and other policies affecting international investors’ operations.

Published: 31 Jan 2025

939

interventions

87

jurisdictions