Global Trade Alert
Global Trade Alert

India: Import duty amended on several goods (Budget 2021-2022)

Announcement

01 Feb 2021

India has reduced the import duty on several goods as part of the annual budget for 2021-2022.

Source

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Number of interventions

7

3 certainly harmful

0 likely harmful

4 liberalising

List of interventions

Implementation date

02 Feb 2021

Revocation date:

No revocation date

Updated: 01 Feb 2021
Import tariff In force
<p>On 1 February 2021, the Indian Finance Minister through the Budget for the year 2021-2022 reduced the customs duty on the imports of components or parts, including engines, for the manufactur...
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Updated: 01 Feb 2021
Tax or social insurance relief In force

On 1 February 2020, the Indian Finance Minister as part of the 2021-2022 budget announced an increase in the import duty of several goods when imported for the manufacture of certain goods. The inc...

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Updated: 01 Feb 2021
Import tariff In force

On 1 February 2021, the Indian Finance Minister through Notification 02/2021-Customs announced a reduction in customs duty on the imports of several goods, as listed below. The Notification is part...

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Implementation date

02 Feb 2021

Revocation date:

No revocation date

Updated: 01 Feb 2021
Tax or social insurance relief In force
<p>On 1 February 2020, the Indian Finance Minister as part of the 2021-2022 budget announced a&nbsp;decrease in the import duty of steel raw materials under HS 7225 for the manufacture of&am...
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Updated: 01 Feb 2021
Import tariff In force

On 1 February 2021, the Indian Finance Minister as part of the 2021-2022 budget announced an increase in the import duty of several goods, as below, when imported for the manufacture of certain goo...

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Updated: 01 Feb 2021
Import tariff In force

On 1 February 2021, the Indian Finance Minister through Notification 02/2021-Customs increased the customs duty on the imports of several goods, as listed below. The Notification is part of the ame...

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Implementation date

02 Feb 2021

Revocation date:

31 Mar 2023

Updated: 01 Feb 2021
Import tariff
<p>On 1 February 2021, the Indian Finance Minister as part of the Budget for the year 2021-2022 reduced the import duty on certain inputs under HS 7225 imported for the manufacturing of Cold Rol...
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