Entire list of imported products that will be more expensive after budget 2020
Feb 2, 2020, 22:23 IST
Finance Minister Nirmala Sitharaman's budget speech specified only a few products like furniture and footwear where the basic customs duty has been increased.
However, a deeper study of the budget documents revealed a bunch of notifications where the customs duty on imported products have been raised, at times by more than three times.
These include items of daily use, albeit imported, like walnuts and kitchenware to fans and mobile phones to cigarettes and electric vehicles.
Here is the entire list of items where the customs duty has been raised:
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However, a deeper study of the budget documents revealed a bunch of notifications where the customs duty on imported products have been raised, at times by more than three times.
These include items of daily use, albeit imported, like walnuts and kitchenware to fans and mobile phones to cigarettes and electric vehicles.
Here is the entire list of items where the customs duty has been raised:
| Serial no | Category | Products | Current rate | Post budget rate |
| 1 | Household goods and appliances | Tableware and kitchenware of porcelain or china, ceramic, clay, iron, steel, copper and aluminium, glassware, padlocks, brooms, hand-sieves, combs, vacuum flasks, etc | 10% | 20% |
| 2 | Electrical Appliances | Fans, food grinders/mixers, shavers and hair removing appliances, water heaters, hair/hand drying apparatus, ovens, cookers, toasters, coffee/ tea makers, insect repellents, heaters, irons, etc | 10% | 20% |
| 3 | Footwear | Entire footwear | 25% | 35% |
| 4 | Footwear | Part of footwear | 15% | 20% |
| 5 | Furniture goods | Seats, articles of bedding including mattresses, lamps, lighting, illuminated signs, and other articles of furniture | ||
| 6 | Cellular Mobile Phones (with effect from 01.04.2020) | Vibrator/Ringer of Mobile phones NIL 10 | 20% | 25% |
| 7 | Cellular Mobile Phones (with effect from 01.04.2020) | PCBA of Mobile phones | 15% | 20% |
| 8 | Cellular Mobile Phones (with effect from 01.04.2020) | Vibrator/Ringer of Mobile phones | 20% | 25% |
| 9 | Cellular Mobile Phones (with effect from 01.04.2020) | Display Panel and Touch Assembly | 10% | 20% |
| 10 | Electronics sector | Motors like Single Phase AC motors, Stepper motors, Wiper Motors etc | 0 | 10% |
| 11 | Electronics sector | Fingerprint readers for use in cellular mobile phones | 0 | 10% |
| 12 | Food processing | Walnuts, shelled | 7.50% | 10% |
| 13 | Chemicals and Plastics | Colloidal precious metals, inorganic or organic compounds of precious metal, amalgams of precious metals, | 0 | 15% |
| 14 | Chemicals and Plastics | Butyl Acrylate | 30% | 100% |
| 15 | Chemicals and Plastics | Other prepared binders for foundry moulds or cores; Chemical products and preparations of the chemical or allied industries | 10% | 17.50% |
| 16 | Auto and auto parts | Catalytic converter | 10% | 15% |
| 17 | Auto and auto parts | Noble metal solutions and noble metal compounds used in manufacture of catalytic converter and its parts 5 10 | 5% | 10% |
| 18 | Auto and auto parts | Parts and other specified inputs for manufacture of catalytic converters 5 7.5 | 5% | 7.50% |
| 19 | Auto and auto parts | Completely Built Units (CBUs) of commercial vehicles (other than electric vehicles) (with effect from 01.04.2020) 30 40 | 30% | 40% |
| 20 | Electric Vehicles (with effect from 1.04.20) | CBUs of Bus and Trucks | 25% | 40% |
| 21 | Electric Vehicles (with effect from 1.04.20) | Semi Knocked Down (SKD) units of bus, trucks and 2-W | 15% | 25% |
| 22 | Electric Vehicles (with effect from 1.04.20) | SKD units of PV and 3-W | 15% | 30% |
| 23 | Electric Vehicles (with effect from 1.04.20) | Completely Knocked Down (CKD) units of PV, 3-W, 2-W, bus and trucks | 10% | 15% |
| 24 | Cigarettes and tobacco products | National Calamity Contingent Duty (NCCD) on cigarettes, depending upon length of cigarette and on filter/non-filter basis | Ranging from ₹200-₹735 per thousand | Ranging from ₹200-₹735 per thousand |
| 25 | Cigarettes and tobacco products | NCCD increased on smoking mixtures for pipes and cigarettes | 45% | 60% |
| 26 | Cigarettes and tobacco products | NCCD increased on other forms of smoking tobacco (other than smoking mixtures for pipes and cigarettes) and forms of chewing tobacco | 10% | 25% |
SEE ALSO:
You'll save ₹78,000 more under new income tax slabs if you earn less than ₹15 lakh
Advertisement
Indian government infuses ₹22000 crore in power and renewable, proposes freedom to choose supplier
New income tax slabs 2020
“There will be no manual cleaning of sewers anymore,” announces Nirmala Sitharaman
Advertisement