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TMI BlogBudget 2025 - Key changes announced in Customs dutiesX X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2025 - Key changes announced in Customs duties X X X X Extracts X X X X X X X X Extracts X X X X ..... #39;s Getting Cheaper? Life-Saving Drugs - 36 essential medicines will be exempt fully from Basic Customs Duty (BCD). Critical Minerals - 12 more critical minerals, including cobalt powder, lithium- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion battery waste, lead, and zinc, to be exempt from Basic Customs Duty. Shipbuilding - Basic Customs Duty exemption for ships and their parts extended for 10 more years. Ethernet Switches - Basic c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ustom duty on Carrier Grade Ethernet switches reduced from 20% to 10%, matching them with non-Carrier Grade switches. EV & Mobile Battery Manufacturing - 35 additional goods for EV battery production ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and 28 for mobile phone battery manufacturing added to the BCD exemption list. Open-Cell Displays - Reduction of custom duty to 5%. Fish & Seafood - Customs duty on fish paste reduced from 30% to 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... %. Tax levied on Frozen fish at 5%, down from 30%. Fish hydrolysates duties cut from 15% to 5%. Leather - Wet blue leather is now fully exempt from duties. What's Getting Costlier? Flat Panel D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isplays - Basic custom duty increased from 10% to 20%, impacting TVs and mobile phones.
Social Welfare Surcharge - Removal of exemption on 82 tariff lines at presently under cess. X X X X Extracts X X X X X X X X Extracts X X X X ..... les for knowledge sharing by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
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