Global Trade Alert
Global Trade Alert

India: Import tariff amended on several goods (Budget 2022-2023)

Announcement

01 Feb 2022

India has announced amendments to the import duty of several goods as part of the Budget 2022-2023.

Source

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Number of interventions

9

4 certainly harmful

0 likely harmful

5 liberalising

List of interventions

Implementation date

02 Feb 2022

Revocation date:

No revocation date

Updated: 01 Feb 2022
Tax-based export incentive In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs withdrew a duty exemption on certain goods when imported for the processing of seafood for exports.

...
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Updated: 01 Feb 2022
Tax or social insurance relief In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs increased the import duties on raw materials needed to manufacture several goods listed below. The increa...

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Updated: 01 Feb 2022
Import tariff In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs increased the import duty on kerosene imported by the Indian Oil Corporation Limited, Hindustan Petr...

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Updated: 01 Feb 2022
Import tariff In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs reduced the import duties on certain goods with effect from 2 February 2022. The reduction is applicable ...

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Updated: 01 Feb 2022
Import tariff In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs reduced the import duties on the following goods with effect from 2 February 2022 -

  • On liv...
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Implementation date

02 Feb 2022

Revocation date:

No revocation date

Updated: 01 Feb 2022
Tax or social insurance relief In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs reduced the import duties on certain goods for the manufacture of aquatic feed, plastic processing machin...

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Updated: 01 Feb 2022
Import tariff In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs increased the import duties on certain goods with effect from 2 February 2022. The duty has been increase...

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Updated: 01 Feb 2022
Tax-based export incentive In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs exempted the imports of OTR Fresh Fish Bags (oxygen permeable), polypropylene box, and solid cardboard bo...

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Updated: 01 Feb 2022
Import tariff In force

On 1 February 2022, the Indian Ministry of Finance through Notification No. 02/2022-Customs increased the import duties on the following goods with effect from 2 February 2022 - 

  • On ...
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