Basic Customs Duty Rates Revised: New Rates for Fish Products, Medicines, Vehicles, and Metal Scrap Under Notification 50/2017

The notification amends the existing Customs notification No. 50/2017 to implement various Basic Customs Duty (BCD) rate changes effective February 2, 2025. Key modifications include: - New entries for frozen fish paste (5% BCD) and fish hydrolysate (5% BCD) for specific manufacturing purposes - Restructuring of duty rates for drugs/medicines in List 3 (5%) and List 4 (Nil) - Zero duty on wet blue leather and certain metal waste/scrap - Reduced BCD on motor cycles based on engine capacity and assembly condition (ranging from 10-40%) - Extended concessional rates until March 31, 2035 for certain items - Addition of several new life-saving drugs to List 4 for nil duty benefit - New condition for export obligation within 12 months for certain ..... .....

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