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  Business   Economy  08 Aug 2017  Lok Sabha approves hike in basic Customs duty on some imported goods

Lok Sabha approves hike in basic Customs duty on some imported goods

PTI
Published : Aug 8, 2017, 7:46 pm IST
Updated : Aug 8, 2017, 7:46 pm IST

Basic Customs duty was hiked to 10 per cent on various kinds of printers, facsimile machines, certain types of ink cartridge, etc.

The Lok Sabha on Tuesday adopted a statutory resolution on increase in basic Customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges.
 The Lok Sabha on Tuesday adopted a statutory resolution on increase in basic Customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges.

New Delhi: The Lok Sabha on Tuesday adopted a statutory resolution on increase in basic Customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges.

The government through a notification dated June 30 had increased the basic Customs duty from 'nil' to 10 per cent on various kinds of printers, facsimile machines, certain types of ink cartridges, telephones for cellular networks or for other wireless networks, base stations, and other items.

 

The increased duty became applicable from July 1. The resolution was moved in the Lok Sabha by Finance Minister Arun Jaitley.

Tags: customs duty, mobile phones, printers, imported goods
Location: India, Maharashtra, Mumbai (Bombay)