Customs Duty increased by Government on 19 items; Read complete list here
Customs Duty increased by Government on 19 items; Read complete list here
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Government hikes customs duty on 19 items; See Complete Table[/caption]
The central government have announced the hike in Customs duty on selected items on Wednesday. The hike in Customs Duty is to bring down the current account deficit and to stabilize the falling rupee. The custom Duty is hiked on 19 items like Consumer appliances like Refrigerator, Air conditioner, televisions, etc.
The new prices were made effective from 26-27 midnight.
Also Read: Customs duty increased by Govt on selected electronic items including TV
With this move, they would be able to bring down the imports of non-essential imports. In the year 2017-18, the total value of imports of these 19 items was Rs. 86,000 crore.
If Aviation turbine fuel’s import duty increased, it would make your flying mostly costly!
See table below:
| Item | Old custom duty | Revised custom duty |
| Air conditioners | 10 | 20 |
| Household Refrigerators | 10 | 20 |
| Washing machines below 10 Kg | 10 | 20 |
| Compressor for AC and refrigerators | 7.5 | 10 |
| Speakers | 10 | 15 |
| Footwear | 20 | 25 |
| Radial Car Tyres | 10 | 15 |
| plastic boxes, case, containers, bottles, insulated ware etc. | 10 | 15 |
| Diamonds-semi processed, half cut or broken | 5 | 7.5 |
| Bath, shower bath, sink, wash basin, etc. of plastics | 10 | 15 |
| Cut and polished Colored gemstone | 5 | 7.5 |
| Tableware, kitchenware and other household items of plastics | 10 | 15 |
| Miscellaneous items of plastics such as office stationery, fitting for furniture’s, decorative sheets, statuettes, beads, bangles etc. | 10 | 15 |
| Trunks, Suitcase, Executive cases, Brief Cases, travel bags and other bags etc. | 10 | 15 |
| Aviation turbine fuel | 0 | 5 |
