Global Trade Alert
Global Trade Alert

India: Amendments introduced by the Finance Bill 2023 (2023-2024 Budget)

Announcement

01 Feb 2023

The Indian government has amended the customs duty on the imports of certain goods through the 2023 Finance Bill.

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

2 in force

Implementation date

02 Feb 2023

Revocation date:

No revocation date

Import tariff In force

On 1 February 2023, the Indian Minister of Finance through the Finance Bill 2023 increased the customs duty on the imports of certain goods, as below - On styrene (HS 2902.50) from 2% to 2.5% on vin...

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Implementation date

02 Feb 2023

Revocation date:

No revocation date

Import tariff In force

On 1 February 2023, the Indian Minister of Finance through the Finance Bill 2023 reduced the customs duty on the imports of certain goods from 12.5% to 10%. The affected goods include silver (HS 7107)...

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