CUSTOMS DUTY

Peak Rate for non agricultural produce reduced from 12.5% to 10%.
Rates of duty on various items reduced
Chemicals Plastics Existing Rate 12.5%, New Rate 7.5%.
Seconds and defectives of steel - Existing Rate 20%, New Rate 10%.
Coking coal - Existing Rate 5-10%, New Rate Nil.
Polyester fibers, yarns and on raw materials - Existing Rate 10%, New Rate 7.5%.
Cut and polished diamonds - Existing Rate 5%, New Rate 3%.
Synthetic Stones - Existing Rate 12.5%, New Rate 5%.
Medical equipment - Existing Rate 12.5-5%, New Rate 7.5%.
Pet food - Existing Rate 30%, New Rate 20%.
Watch dials and movements - Existing Rate 12.5%, New Rate 5%.
All edible oils, crude as well as refined oils, roasted molybdenum ore and concentrate to be exempted from additional duty of 4%.
Scope of Customs Duty Extended as under
Duty of 3% imposed on Private Import of aircraft and helicopters. CV duty of 16% and special addition duty of 4% has also been imposed.
Export Duty of 300/- per metric tonne imposed on export of Iron Ore and concentrates.
Export Duty of 2000/- per metric tonne imposed on Chrome Ore and concentrates

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