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.

 

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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

Updated: 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 bee...

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Implementation date

02 Feb 2020

Revocation date:

No revocation date

Updated: 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 cert...

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Updated: 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 follo...

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Updated: 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 w...

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Updated: 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 i...

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Updated: 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 -...

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Implementation date

02 Feb 2020

Revocation date:

No revocation date

Updated: 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 certai...

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Updated: 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 bee...

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Updated: 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",...

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Updated: 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...

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Updated: 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 impor...

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Updated: 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...

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Updated: 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...

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Updated: 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 ...

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Implementation date

02 Feb 2020

Revocation date:

08 Jun 2020

Updated: 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 sti...

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Implementation date

01 Feb 2020

Revocation date:

No revocation date

Updated: 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 corporat...

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Implementation date

01 Feb 2020

Revocation date:

31 Mar 2027

Updated: 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, di...

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