India: Customs duty changes on the imports of certain goods as part of the 2023-2024 budget

Announcement

01 Feb 2023

On 1 February 2023, the Indian Ministry of Finance amended the customs duty on the import of certain goods.

Source

Number of interventions

3 certainly harmful

0 likely harmful

3 liberalising

List of interventions

4 in force

Implementation date

02 Feb 2023

Revocation date:

No revocation date

Import tariff In force

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs reduced the customs duty on the imports of certain goods. The amendments have been announced as part of the ...

Import tariff In force

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs reduced the customs duty on the imports of certain raw materials for the manufacture of finished goods. The ...

Import tariff

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs reduced the customs duty on seeds for use in the manufacturing of rough lab-grown diamonds. The duty has bee...

Implementation date

02 Feb 2023

Revocation date:

No revocation date

Import tariff In force

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs increased the customs duty on the imports of certain goods. The amendments have been announced as part of th...

Tax or social insurance relief

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs provided a tax advantage to the production of diamonds by reducing the customs duty on the seeds used in the...

Tax or social insurance relief In force

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs reduced the customs duty on raw materials imported for the manufacture of aquatic feed, industrial chemicals...