Tag: india budget

Indian Government retains 2.5% BCD on copper scrap in Budget 2024

Jul 23, 2024

—

by

Adarsh Ramteke

in Copper, Non Ferrous

The concessional Basic Customs Duty (BCD) on copper scrap will continue at 2.5%. However, the BCD on blister copper has been reduced to zero, down from the previous rate of 2.5%. This adjustment aims to support the copper industry by lowering import costs. Additionally, the copper scrap imports for India in FY’24 was 0.3 mnt.