Search For "basic customs duty bcd"
Finance Ministry highlights basic custom duty rates on Interactive Flat Pa
Updated : 1 month, 3 weeks ago IST
Before the new Budget for the country is announced on Feb 1, the Ministry of Finance took to X to highlight the prior customs duty rates announced. During the previous Budget sessions, in a decisive move to solidify India's position as a global electronics hub and to promote domestic manu
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Duty reduction on crude edible oils beneficial for both refiners, consumer
Updated : 9 months ago IST
On May 30, 2025, the government announced a reduction in the Basic Customs Duty (BCD) on key imported crude edible oils -- Crude Palm Oil (CPO), Crude Soybean Oil, and Crude Sunflower Oil -- lowering it from 20 per cent to 10 per cent.
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Budget provisions will boost technical textile market which stands at USD
Updated : 1 year, 1 month ago IST
The technical textiles market in India, worth USD 29 billion in 2023-24, is set for significant expansion, fuelled by Budget 2025's increase in Basic Customs Duty (BCD) on knitted fabrics and tax breaks for textile machinery, according to Rubix Data Sciences, an analytics services provider.
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Union Budget 2025: FM Sitharaman announces expansion of list of lifesaving
Updated : 1 year, 1 month ago IST
In a significant move to provide relief to patients battling severe chronic ailments, Finance Minister Nirmala Sitharaman has announced the expansion of the list of lifesaving drugs and medicines fully exempted from Basic Customs Duty (BCD) in the Union Budget 2025-26.
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Budget 2025: Here's what all will get cheaper and costlier as FM rejigs ba
Updated : 1 year, 1 month ago IST
Finance Minister Nirmala Sitharaman as part of her Budget presentation proposed a host of tweaks in basic customs duty (BCD) for various products or items that are critical for manufacturing or for day to day needs. In some cases they were raised to make domestic manufacturing robust.
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FIFI Urges GoI to Reduce Walnut Import Duty for Consumer Benefit and Marke
Updated : 1 year, 1 month ago IST
New Delhi [India], January 31: The Forum of Indian Food Importers (FIFI), a leading non-government and not-for-profit entity representing over 6,500 stakeholders in India's agriculture, food, and beverage industry, has formally requested the Government of India to reconsider the high Basic C
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Here's what will get cheaper and costlier after this Budget
Updated : 1 year, 8 months ago IST
One aspect that always garners much traction on the Budget day is what got cheaper and what got costlier. Finance Minister Nirmala Sitharaman as part of her Budget presentation proposed a host of tweaks in basic customs duty (BCD) for various products or items that are critical for manufactu
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Union Budget 2024-25: Mobile Phones to get cheaper, as FM Nirmala Sitharam
Updated : 1 year, 8 months ago IST
Sitharaman said, "With a three fold increase in the domestic production and almost a 100-fold jump in exports of mobile phones over the last 6 years, the Indian mobile industry has matured. In the interest of consumers I now propose to reduce the Basic Customs Duty (BCD) on mobile phones,
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BCD on imported solar cells, modules to increase solar bid tariffs: ICRA
Updated : 5 years ago IST
New Delhi [India], Mar 13 (ANI): The imposition of 40 per cent basic customs duty (BCD) on solar modules is expected to increase capital cost of a solar power plant by 23 to 24 per cent as modules form about 55 per cent of the overall capital cost, according to investment information firm IC
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