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

Announced: 01 Feb 2021
Import tariff In force
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 manufacture of airc...
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Announced: 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 increa...
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Announced: 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 of...
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Implementation date

02 Feb 2021

Revocation date:

No revocation date

Announced: 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 a decrease in the import duty of steel raw materials under HS 7225 for the manufacture of Cold Rolled Grain Or...
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Announced: 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 goods ...
Sign in to see more
Announced: 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 amendm...
Sign in to see more

Implementation date

02 Feb 2021

Revocation date:

31 Mar 2023

Announced: 01 Feb 2021
Import tariff
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 Rolled Grain...
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