Tag: Cutom duty hike

Budget 15-16: Basic Customs Duty raised by 2.5-5%

Feb 28, 2015

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Admin Operation

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Today, The Ministry of Finance has raised the basic customs duty on Steel items under chapter 72 & 73 by 2.5-5% in order to discourage import from China & Russia Budget 15-16 bought some relief to the Indian Steel industry. The basic customs duty on all steel items falling under chapter 72 is raised to…