India lifted tariffs on non-essential imports
India lifted tariffs on non-essential imports
The Indian government on 26 September 2018 announced the increase in import duties for 19 non-essential items in an attempt to ease pressure on the local currency.
These items include gemstones, jet fuel, plastics end products, home appliances and shoes with the rate hike by as much as 10 percent that take effect immediately. The list of affected products are shown in the following table:
|
HS code |
Description |
Basic Custom Duties |
|
|
From |
To |
||
|
8415 |
Air conditioners |
10 |
20 |
|
8418 |
Household Refrigerators |
10 |
20 |
|
8450 |
Washing machines less than 10 Kg |
10 |
20 |
|
84143000/ 841480 11 |
Compressor for air conditioners and refrigerators |
7.5 |
10 |
|
8518 29 00 |
Speakers |
10 |
15 |
|
6401 to 6405 |
Footwear |
20 |
25 |
|
40111010 |
Radial Car tires |
10 |
15 |
|
71 |
Non-industrial diamond (other than rough diamonds), i.e., cut and polished diamond |
5 |
7.5 |
|
71 |
Diamonds-semi processed, half cut or broken |
5 |
7.5 |
|
71 |
Lab-grown diamonds |
5 |
7.5 |
|
71 |
Cut and polished Colored gemstone |
5 |
7.5 |
|
7113 |
Articles of jewelry and parts thereof, of precious metal or of metal clad with precious metal |
15 |
20 |
|
7114 |
Articles of Goldsmith or silversmith wares and parts thereof of precious metal or of metal clad with precious metal |
15 |
20 |
|
3922 |
Bath, shower bath, sink, wash basin, etc. of plastics |
10 |
15 |
|
3923 |
Articles of plastics for conveyance and packing such as boxes, case, containers, bottles, insulated ware etc. |
10 |
15 |
|
3924 |
Tableware, kitchenware and other household items of plastics |
10 |
15 |
|
3926 |
Miscellaneous items of plastics such as office stationery, fitting for furniture’s, decorative sheets, statuettes, beads, bangles etc. |
10 |
15 |
|
4202 |
Trunks, Suitcase, Executive cases, Brief Cases, travel bags and other bags etc. |
10 |
15 |
|
2710 19 20 |
Aviation turbine fuel |
0 |
5 |
|
Source: Indian Ministry of Finance |
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