Changes under Customs, Excise & Service Tax: Key Highlights of Union Budget 2025-26

Duty

Notification Nos.

Dated

Tariff

Export Duty

No.3/2025-Customs

1st February, 2025

Customs Duty

No.4/2025-Customs

No. 05/2025-Customs

No. 06/2025-Customs

No. 07/2025-Customs

No.08/2025-Customs

No. 09/2025-Customs

No. 10/2025-Customs

No. 11/2025-Customs

No. 12/2025-Customs

No. 13/2025-Customs

Central Excise

No.1/2025-Central Excise

Non -Tariff

Customs

No.7/2025 -Customs (NT)

1st February, 2025

Chapters

Proposed changes in BCD rates

Chapter 3

(Fish and crustaceans, molluscs and other aquatic invertebrates)

Basic Customs Duty (BCD) is being reduced from 30% to 5% on Frozen Fish Paste (Surimi) classified under tariff item 0304 99 00 for use in manufacture of surimi analogue products for export [S. No 3AC of Notification No. 50/2017-Customs dated 30th June, 2017 as amended by Notification No.5/2025 Customs, dated 1st February, 2025 refers].

Chapter 10:

(Cereals)

· W.e.f 1.05.2025, a Supplementary Note is being inserted for the purposes of tariff items 1006 30 11 and 1006 30 91. Chapter 10.

· W.e.f 1.05.2025, in heading 1006, for sub-heading 1006 30, tariff items 1006 30 10 to 1006 30 90 and the entries relating thereto are being substituted

[Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

Chapter 15

(Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes)

The tariff rate is being reduced from 30% to 20% on glycerol falling under tariff item 1520 00 00. This will be effective from 1st May, 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, no change is being made to the existing effective rates under S. Nos 81 and 81A of Notification No. 50/2017-Customs dated 30th June, 2017.

Chapter 20 (Preparations of vegetables, fruit, nuts or other parts of plants)

· W.e.f. 1.05.2025, tariff items 2008 19 20 to 2008 19 90 and their entries are being substituted and three new tariff items 2008 19 21, 2008 19 22 and 2008 19 29 are being created for 'Makhana'. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].Since the amendments will come into force only w.e.f 1.5.2025, the existing classification and their effective rates will continue to apply.

· W.e.f 01.05.2025, a Supplementary Note is being inse1ied for Makhana

[Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

Chapter 23 (Residues and waste from the food industries; prepared animal fodder)

BCD is being reduced from 15% to 5% on Fish Hydrolysate, falling under sub-heading 2301 20, for use in manufacture of aquatic feed [S. No 104 DC of Notification No. 50/2017-Customs dated 30th June, 2017 as amended by Notification No.5/2025 Customs, dated 1st February, 2025 refers].

Chapter 25

(Salt; sulphur; earths and stone; plastering materials, lime and cement)

The tariff rate is being reduced from 40% to 20% on marble and travertine crude or roughly trimmed, merely cut into blocks, slabs and others, falling under tariff items 2515 11 00, 2515 12 10, 2515 12 20, 2515 12 90 and granite crude or roughly trimmed or merely cut into blocks or slabs of a rectangular (including square) shape falling under tariff items 2516 11 00 and 2516 12 00. This will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, these goods will attract 20% BCD and 20% AIDC [S. No.1 of Notification No. 4/2025 Customs, dated 1st February, 2025 and S. Nos. 9A and 9B of Notification No. 11/2021-Customs dated 1st February, 2021 as amended by Notification No. 6/2025-Customs, dated 1st February, 2025 refers].

Chapter 26 (Ores, slag and ash)

The effective BCD rate on certain items falling under this chapter, which hitherto were prescribed through Notification No. 36/2024-Customs dated 23rd July, 2024, are being incorporated in the First Schedule to the Customs Tariff Act, 1975 and will operate through the Tariff Schedule. This will be effective from 1st May, 2025

[Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

Chapter 27 (Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes)

· W.e.f. 1.5.2025, tariff item 2710 91 00 is being substituted to create three new tariff items [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

· The tariff rate is being reduced from 15% to 2.5% on Liquefied Propane classified under tariff item 2711 12 00 and Liquefied Butane classified under tariff item 2711 13 00. However, no change is being made to the existing effective rates.

· The tariff rate is being reduced from 15% to 5%, on LPG (for non-automotive purpose) classified under tariff item 2711 19 10, LPG (for automotive purpose) classified under tariff item 2711 19 20 and other liquified petroleum gas classified under tariff item 2711 19 90. This change will be effective from 1st May,2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}. However, no change is being made to the existing effective rates.

Chapter 28 (Inorganic chemicals, organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes)

· The tariff rate is being reduced from 20% to 7.5% on Phosphoric Acid classified under tariff item 2809 20 10. This change will be effective from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}. However, no change is being made to the existing effective rate.

· The tariff rate is being reduced from 27.5% to 7.5% on Boric acid classified under tariff item 2810 00 20. This change will be effective from 1st May,2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].However, no change is being made to the existing effective rate.

· W.e.f. 1.5.2025, in heading 2812, the tariff item 2812 19 30 is being substituted. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.

· W.e.f. 1.5.2025, in heading 2813, one new tariff item is being created, namely, 2813 90 30 and in heading 2853, one new tariff item is being created namely, 2853 90 50 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.

Chapter 29 (Organic chemicals)

· The tariff rate is being reduced from 10% to 7.5% on all items falling under sub heading 2933 59. These changes will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}. However, w.e.f 2nd February, 2025 these goods will attract 7.5% BCD [S. No.2 of Notification No.4/2025 Customs, dated 1st February, 2025 refers].

· W.e.f. 1.5.2025 , in chapter 29, 18 New supplementary Notes and tariff items are being created, substituted or modified [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.

Chapter 33 (Essential oils and resinoids, perfumery, cosmetic or toilet preparations)

The tariff rate is being reduced from 100% to 20% on synthetic flavoring essences and mixtures of odoriferous substances of a kind used in food and beverage industry classified under sub heading 3302 10. This change will be effective from 1st May, 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD + 10% SWS [S. No.3 of Notification No.4 /2025 Customs, dated 1st February, 2025 and SL No II of Notification No.7 /2025 Customs, dated 1st February, 2025 refers]. However, no change is being made to the existing concessional rate under S. No. 239 of Notification No. 50/2017-Customs dated 30th June 2017.

Chapter 34 (Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, "dental waxes" and dental preparations with a basis of plaster)

The tariff rate is being reduced from 25% to 20% on candles, tapers and the like classified under heading 3406.This change will come into effect from 1st May, 2025.[Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD and 7.5 % AIDC + Nil SWS [S. No.4 of Notification No.4/2025 Customs, dated 1st February, 2025 and S. No. 13AA of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. I (i) of Notification No. 7 /2025 - Customs dated 1st February, 2025 refers].

Chapter 38 (Miscellaneous chemical products)

1. The tariff rate is being reduced from 30% to 10% on tariff sub heading 3822 90 covering Pharmaceutical Reference standard, Certified/ other reference materials. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, no change is being made to existing effective rates.

2. The tariff rate is being reduced from 30% to 20% on Sorbitol classified under sub heading 3824 60. This change will come into effect from 1st May, 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD + 10% SWS. [S. No.5 of Notification No.4/2025 Customs, dated 1st February, 2025 refers].

3. The tariff rate is being reduced from 17.5% to 7.5% on Other - Prepared Binders, chemical products and preparations of chemical or allied industries classified under tariff item 3824 99 00. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, these goods will continue to attract 7.5% BCD [S. No.6 of Notification No. 4/2025 Customs, dated 1st February, 2025 refers].

4. W.e.f 1st May 2025, in headings 3808, 3813, 3814, Supplementary Notes 1, 2, 5, 7 and 8 are being amended, 6 new Supplementary Notes are being inserted, and some tariff items are being inse1ied/substituted [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

Chapter 39

(Plastic and articles thereof)

The tariff rate is being reduced from 25% to 20% on other, plates, sheets, films, foil and strip, of plastics, non-cellular and not reinforced, laminated, supplied or similarly combined with other materials classified under heading 3920 and other, plates, sheets, films, foil and strip, of plastics classified under heading 3 921. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, PVC Flex films, PVC flex sheets, PVC Flex banners that are excluded in S.No 273A and 273B in Notification No.50/2017-Customs will attract 20% BCD +7.5 % AIDC + Nil SWS [S.No. 7 of Notification No. 4/2025 Customs dated 1st February, 2025 and S. No. 13 AB of Notification No. 6/2025 Customs dated 1st February, 2025 and S. No. III(8A) of Notification No. 7/2025 Customs, dated 1st February, 2025 refers]. Effective rates as applicable through these entries for others will continue.

Chapter 41(Raw hides and skins (other than furskins) and leather)

BCD is being reduced from 10% to Nil on Wet Blue leather (hides and skins) classified under headings 4104, 4105 and 4106 [ S.No. 284A of Notification No. 50/201 ?-Customs dated 30th June ,2017 as amended by Notification No.5/2025-Customs, dated 1st February, 2025 refers.]

Export duty is being reduced from 20% to Nil on crust leather (hides and skins) classified under 4104, 4105 and 4106 [S.No. 25J of Notification No. 27/2011-Customs, dated 1st March, 2011 as amended by Notification No.3 /2025-Customs, dated 1st February, 2025 refers.]

Chapter 60 (Knitted or crocheted fabrics)

The tariff rate is being revised from 10%/20% to "20% or Rs. I 15 per kg, whichever is higher" on knitted fabrics classified under tariff items 6004 10 00, 6004 90 00, 6006 22 00, 6006 31 00, 6006 32 00, 6006 33 00, 6006 34 00, 6006 42 00 and 6006 90 00.

By virtue of declaration under the Provisional Collection of Taxes Act, 2023, the revised duty rate will come into force with effect from the midnight of 1st February / 2nd February, 2025. [Clause 98 (a) of Finance Bill read with Second Schedule refers.]

Chapter 64 (Articles of apparel and clothing accessories knitted or crocheted)

The tariff rate is being reduced from 35% to 20% on footwears classified under headings 6401, 6402, 6403, 6404 and 6405. These changes will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, w.e.f 2nd February, 2025 these goods will attract 20% BCD and 18.5% AIDC + Nil SWS [S. No.8 of Notification No. 4/2025 Customs, dated 1st February, 2025 and S. No.14A of Notification No. 6/2025-Customs dated 1st February, 2025 and S.No. I(ii) of Notification No. 7/2025-Customs, dated 1st February, 2025 refers].

Chapter 68

(Articles of stone, plaster, cement, asbestos, mica or similar materials)

The tariff rate is being reduced from 40% to 20% on worked monumental or building stone classified under heading 6802 except tariff item 6802 99 00. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 marble slabs falling under tariff items 6802 10 00, 6802 21 10, 6802 21 20, 6802 21 90, 6802 91 00 and 6802 92 00 will attract 20% BCD + 20% AIDC [S. No.9 of Notification No. 4/2025 -Customs, dated 1st February, 2025 and S. No. 14B of Notification No. 6/2025-Customs dated 1st February, 2025 refers]. However, no change is being made to the existing effective rate.

Chapter 71

(Articles of stone, plaster, cement, asbestos, mica or similar materials)

1. The tariff rate is being reduced from 25% to 20% on articles of jewellery and parts thereof classified under heading 7113 and articles of goldsmiths' or silversmiths' wares and parts thereof classified under heading 7114. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, w.e.f 2nd February, 2025 these goods will attract 20% BCD [S. No. 10 and 11 of Notification No. 4 /2025 -Customs dated 1st February, 2025 refers].

2. The Basic Customs duty rate is being reduced from 25% to 5% on platinum findings classified under 7113 and AIDC of 1 .4% is being imposed. [S. No.364C of Notification No.50/2017 Customs, dated 30th June, 2017 as amended by Notification No.5/2025-Customs, dated 1st February, 2025 and S.No. 15F of Notification No. 6/2025- Customs dated 1st February,2025 refers).

3. W.e.f 1st May, 2025 in heading 7106, three new tariff items are being created, in heading 7108, two tariff items are been substituted to create four new tariff items, in 7110, two tariff items are being substituted to create 6 new tariff items [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.

Chapter 72

(Iron and Steel)

The tariff rate is being reduced from 27.5%/22.5%/20¾ to 15% on goods classified under tariff items 7210 12 10, 7210 12 90, 7219 12 00, 7219 13 00, 7219 21 90, 7219 90 90 and 7225 11 00. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}. However, no change is being made to existing effective rates

Chapter 73

(Articles of Iron and Steel)

The tariff rate is being reduced from 25% to 15% on goods classified under tariff items 7307 29 00, 7307 99 90, 7308 90 90, 7310 29 90, 7318 15 00, 7318 16 00, 7318 29 90, 7320 90 90, 7325 99 99, 7326 19 90 and 7326 90 99. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}. However, no change is being made to existing effective rates

Chapter 74

(Copper and articles thereof)

The tariff rate is being reduced to Nil on Copper waste & scrap classified under tariff items 7404 00 12, 7404 00 19 and 7404 00 22. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.However, w.e.f 2nd February, 2025, these goods will attract Nil BCD [S.No.12 of Notification No. 4 /2025-Customs dated 1st February, 2025 refers]

Chapter 78

(Lead and articles thereof)

The tariff rate is being reduced from 5% to Nil on Lead waste and scrap classified under heading 7802. W.e.f 2nd February, 2025, these goods will attract Nil BCD [S. No. 381A of Notification No. 50/2017-Customs dated 30th June, 2017 as amended by Notification No.5 /2025 Customs, dated 1st February, 2025 refers).

Chapter 79

(Zinc and articles thereof)

The tariff rate is being reduced from 5% to Nil on Zinc waste and scrap classified under heading 7902. W.e.f 2nd February, 2025, these goods will attract Nil BCD.[S. No.381B of Notification No. 50/2017-Customs dated 30th June, 2017 as amended by Notification No.5/2025- Customs, dated 1st February, 2025 refers].

Chapter 80

(Tin and articles thereof)

The tariff rate is being reduced from 5% to Nil on unwrought Tin classified under heading 8001 to tariffise the existing effective rates. This change will come into effect from 1st May, 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.

The tariff rate is being reduced from 5% to Nil on Tin, waste and scrap classified under heading 8002 . This change will come into effect from 1st May, 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, w.e.f 2nd February, 2025, these goods will attract Nil BCD. [S.No. 13 of Notification No. 4 /2025-Customs dated 1st February, 2025 refers]

Chapter 81

(Other base metals; cermets; articles thereof)

1. The tariff rate is being reduced to Nil to tariffise the effective rate in the First Schedule on the following:

i. Unwrought tungsten classified under tariff item 8101 94 00

ii. Unwrought molybdenum classified under tariff item 8102 94 00

iii. Unwrought tantalum classified under sub heading 8103 20

iv. Cobalt, unwrought classified under tariff item 8105 20 20

v. Bismuth, unwrought classified under tariff item 8106 10 10

vi. Un wrought zirconium, powders classified under tariff item 8109 21 00

vii. Unwrought antimony, powders classified under tariff item 8110 10 00

viii. Beryllium unwrought, powders classified under tariff item 8112 12 00

ix. Hafnium unwrought classified under sub heading 8112 31

x. Rhenium unwrought classified under tariff item 8112 41 10

xi. Cadmium unwrought, Powders classified under tariff item 8112 69 10

xii. Cadmium, wrought classified under tariff item 8112 69 20

This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}.

2. The tariff rates is being reduced to Nil on the following:

i. Antimony, waste & scrap classified under tariff item 8110 20 00

ii. Be1yllium, waste & scrap classified under tariff item 8112 13 00

iii. Waste & Scrap of Bismuth and Bismuth Alloys classified under tariff item 8106 90 10

iv. Cadmium, waste & scrap classified under tai·iff item 8112 61 00

v. Cobalt, waste & scrap classified under tariff item 8105 30 00

vi. Molybdenum, waste & scrap classified under tariff item 8102 97 00

vii. Rhenium, waste & scrap classified under tariff item 8112 41 20

viii. Tantalum, waste & scrap classified under tariff item 8103 30 00

ix. Tungsten, waste & scrap classified under tariff item 8101 97 00

x. Zirconium, waste & scrap classified under tariff items 8109 31 00, 8109 39 00

These changes will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, w.e.f 2nd February, 2025, these goods will attract Nil BCD [S.Nos 14 to 23 of Notification No. 4/2025-Customs dated 1st February, 2025 refers]

3. BCD is being reduced from 5% to Nil on Cobalt Powder classified under tariff item 8105 20 30 [ S.No. 390B of Notification No.50/2107 -Customs dated 30th June,2017 as amended by Notification No. 5/2025-Customs dated 1st February,2025.

4. W.e.f 1st May, 2025, the description of the heading in heading 8112 is being amended.

Chapter 84

(Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.)

The following capital goods in Table A below are being added in the existing list of capital goods exempted from BCD for manufacture of Lithium Ion Battery of mobile phones. [S. No. 69 of Notification No. 25/2002-Customs dated 1st March,2002 as amended by Notification No.11/2025-Customs, dated 1st February, 2025 refers.]

Table-A

The following capital goods in Table B are being added in the existing list of capital goods exempted from BCD for use in the manufacture of Lithium ion battery of EVs.[S.No. 69A of Notification No. 25/2002-Customs dated pt March,2002 as amended by Notification No.11/2025-Customs, dated 1st February, 2025 refers.]

Table B

Chapter 85

(Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles)

1. BCD is being increased from 10% to 20% on Interactive Flat Panel Displays (CBU) classified under tariff item 8528 59 00. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers}. By virtue of declaration under the Provisional Collection of Taxes Act, 2023, this increase will come into force with effect from midnight of 1st February/2nd February, 2025. [Clause 98(a) of the Finance Bill, 2025 read with Second Schedule refers]. However, all goods classified under tariff item 8528 59 00, other than Interactive Flat Panel Display (CBU) will continue to attract 10% BCD under S.No 515C of Notification No. 50/2017-Customs dated 30 June, 2017 amended by Notification No. 5/2025 Customs dated 1st February,2025

2. BCD is being reduced to 5% on Open Cell with or without touch classified under heading 8524 for manufacture of Interactive Flat Panel Display module. [ S.No. 515AA of Notification No. 50/2017-Customs dated 30th June ,2017 as amended by Notification No.5/2025 -Customs, dated 1st February, 2025 refers].

3. BCD is being reduced to 5% on Touch glass sheet and Touch sensor PCB classified under heading 8529 for the manufacture of Interactive Flat Panel Display modules. [S.No 515 D of Notification No. 50/2017-Customs dated 30th June, 2017 as amended by Notification No.5/2025 -Customs, dated 1st February, 2025 refers.].

Thus a graded duty structure is being put in place to incentivize domestic manufacture of Interactive Flat Panel Displays as below:

4. BCD is being reduced from 2.5% to Nil on inputs and parts (chip on film, PCBA, glass board/substrate cell) for manufacture of open cell of LCD/ LED television panels. [S.No.515B of Notification No. 50/2017-Customs dated 30th June, 2017 as amended by Notification No.5/2025- Customs, dated 1st February, 2025 refers.]

5. BCD is being reduced from 20% to 10% on Ethernet Switches - Can-ier grade classified under tariff item 8517 62 90, 8517 69 90 [S. No 20 of Notification No. 57/2017-Customs dated 30th June ,2017 as amended by Notification No.10/2025- Customs, dated 1st February, 2025 refers.]

6. The tariff rate is being reduced from 40% to 20% on solar module and other semiconductor devices and photo voltaic cells classified under tariff items 8541 43 00 and 8541 49 00. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD and 20% AIDC + Nil SWS [S. No. 24 of Notification No. 4/2025 -Customs dated 1st February, 2025 and S. Nos. 16AB and 16AC of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. III (8B) of Notification No. 7/2025 -Customs dated 1st February, 2025 refers].

7. BCD is being reduced from 2.5% to Nil on inputs/paiis or sub parts for manufacture of PCBA, Camera Module, connector, wired headset, microphone and receiver, USB cable, Finger print reader/scanner of cellular mobile phone [S. No. 6A,6B, 6C and 7 of Notification No. 57/2017 -Customs dated 30th June 2017 as amended by Notification No.10/2025 -Customs dated pt February 2025 refers]

8. The tariff rate is being reduced from 25% to 20% on Solar cells classified under tariff item 8541 42 00. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD and 7.5 % AIDC + Nil SWS [S. No. 24 of Notification No . 4 /2025 -Customs dated 1st February, 2025; S. No. 16AA of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. III (8B) of Notification No.7/2025 -Customs dated 1st February, 2025 refers].

9. BCD is being reduced from 5% to Nil on Lithium-Ion Battery waste and scrap classified under tariff item 8549 13 00, 8549 14 00 and 8549 19 00. [S. No. 518A of Notification No. 50 /2017 -Customs dated 30th June, 2017 as amended by Notification No. 5/2025 Customs, dated 1st February, 2025 refers].

10. S.No. 6D of Notification No. 57/2017-Customs dated 30th June 2017 is being amended to incorporate 'any chapter' in column (2).

11. S. No 5E of the Notification No. 57/2017-Customs dated 30th June 2017 1s being omitted.

12. S. No 5E of the Notification No. 57/2017-Customs dated 30th June 2017 1s being omitted.

13. W.e.f 1st May, 2025 , sub -heading note 2 of chapter 85 is being amended.

Chapter 87

(Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof)

1. The tariff rate is being reduced from 40% to 20% on motor vehicles for transport of passengers classified under heading 8702 and motor vehicles for transport of goods classified under heading 8704. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD + 20% AIDC + Nil SWS [S. Nos. 25 and 27 of Notification No. 4/2025 -Customs dated 1st February, 2025, S. Nos. 16 AD and 16 AE of Notification No. 6/2025-Customs, dated 1st February, 2025 and S. No. I (iii) of Notification No.7/2025 -Customs dated 1st February, 2025 refers] . Consequential amendments are also being made to S.Nos 524 and 525 of Notification No.50/2017-Customs dated 30th June, 2017

2. The tariff rate is being reduced from 125% to 70% on motor vehicles classified under heading 8703. This change will come into effec:t from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, w.e.f 2nd February, 2025-

i. motor vehicles (CBU)> $40, 000 USD will attract 70% BCD + 40% AIDC + Nil SWS

ii. Used motor vehicles will attract 70% BCD+67.5% AIDC + Nil SWS.

[S. No. 26 of Notification No.4/2025 -Customs dated 1st February, 2025 and S. No.16AF and 16AG of Notification No. 6/2025-Customs, dated 1st February, 2025 and S. No. VIII of Notification No. 7/2025 -Customs dated 1st February, 2025 refers]. However, there is no change in existing effective rates on others.

The tariff rate is being reduced from 100% to 70% on motor cycles classified under heading 8711. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, used motor cycles will attract 70% BCD + 40% AIDC + Nil SWS [S. No. 28 of Notification No . 4/2025 -Customs dated 1st February, 2025, S.No. 16AH of Notification No.6/2025-Customs, dated 1st February, 2025 and S.No. III (8C) of Notification No. 7/2025 -Customs dated 1st February, 2025 refers].

3. The effective rates on motor cycles is being restructured and reduced by substituting S.No 531 of Notification No. 50/2017-Customs dated 30th June ,2017 .

4. The tariff rate is being reduced from 35% to 20% on bicycles classified under tariff item 8712 00 10. This change will come into effect from 1st May,2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, used bicycles will attract 20% BCD + 15% AIDC [S. No. 29 of Notification No. 4/2025 -Customs dated 1st February, 2025 and S. No.16AI of Notification No. 6/2025-Customs, dated 1st February, 2025 refers].

Chapters 89

(Ships, boats and floating structures)

The tariff rate is being reduced from 25% to 20% on yachts and other vessels for pleasure or sports classified under heading 8903. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025 these goods will attract 20% BCD + 7.5% AIDC + Nil SWS [S. No. 30 of Notification No .4/2025 -Customs dated 1st February, 2025, S. No.16B of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. I (iv) of Notification No. 7/2025 -Customs dated 1st Febrnary, 2025 refers].

Chapter 90

(Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof)

The tariff rate is being reduced from 25% to 20% on electricity meter for alternating current (Smart meters) classified under tariff item 9028 30 10. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, i.e. 2nd February, 2025, these goods will attract 20% BCD + 7.5% AIDC + Nil SWS [S. No. 31 of Notification No. 4/2025-Customs dated 1st February, 2025, S.No. 16C of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. III (8D) of Notification No. 7/2025 -Customs dated 1st February, 2025 refers].

Chapter 94 (Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishing; luminaires and lighting fittings, not elsewhere specified or included; illuminated signs,illuminated name-plates and the like; prefabricated building)

The tariff rate is being reduced from 25% to 20% on the following:

i. seats (other than those of heading 9402), whether or not convertible into beds, and parts thereof classified under heading 9401

ii. Other furniture and parts thereof classified under heading 9403,

iii. Mattress supports, articles of bedding and similar furnishing etc. classified under heading 9404,

iv. Luminaries and lighting fittings including searchlights and spotlights and parts thereof etc. classified under heading 9405

These changes will come into effect from 1st May 2025 [ Clause 98 (b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, these goods will attract 20% BCD + 5% AIDC . SWS is being exempted. [S. No. 32 of Notification No.4/2025 -Customs dated 1st February, 2025, S. No. 16D of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. I (iv) of Notification No.7/2025-Customs dated 1st February, 2025 refers].

Chapter 95

(Toys, games and sports requisites; parts and accessories thereof)

The tariff rate is being reduced from 70% to 20% on parts of electronic toys classified under tariff item 9503 00 91. This change will come into effect from 1st May 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers]. However, w.e.f 2nd February, 2025 these goods will attract-

i. 20% BCD + 7.5% AIDC + Nil SWS if used for manufacture of electronic toys.

ii. 20% BCD + 20 % AIDC + Nil SWS if not used for manufacture of electronic toys.

[S. No. 33 of Notification No. 4/2025-Customs dated 1st February, 2025, S. Nos 16E and 16F of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No. I (iv) of Notification No. 7/2025-Customs dated 1st February, 2025 refers].

Chapter 98

(Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores; actionable claims)

1. The tariff rate is being reduced from 150 % to 70% on Laboratory Chemicals This change will come into effect from 1st May 2025 [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, these goods will attract 70% BCD + 70% AIDC + Nil SWS. [S. No. 34 of Notification No. 4/2025-Customs dated 1st February, 2025, S. No. 16G of Notification No. 6/2025-Customs, dated 1st February, 2025 and S.No III (8E) of Notification No. 7/2025-Customs, dated 1st February, 2025 refers]. There is no change in the existing rate of 10% BCD + 10% SWS on Lab Chemicals imported on actual user condition.

2. The tariff rate is being reduced from 100% to 70% on all dutiable articles, imported by a passenger or a member of a crew in his baggage classified under tariff item 9803 00 00. This change will come into effect from pt May,2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, these goods will attract 35% BCD+ Nil SWS. [S. No. 35 of Notification No. 4/2025 -Customs dated 1st February, 2025, and S.No III (8G) of Notification No. 7 /2025-Customs, dated 1st February, 2025 refers]. Further, articles of gold/silver imported under S. Nos. 356 or 357 of Notification No. 50/2017 Customs dated 30th June, 2017 are being exempted from SWS. [S.No.VII of Notification No. 7/2025-Customs dated 1st February,2025 refers]

3. The tariff rate is being reduced from 35% to 20% on all dutiable goods imported for personal use classified under heading 9804. This change will come into effect from 1st May, 2025. [Clause 98(b) of the Finance Bill, 2025 read with Third Schedule refers].

However, w.e.f 2nd February, 2025, dutiable goods imported for personal use other than those not covered in S.No 608 of Notification No.50/2017 -Customs will attract 20% BCD+ Nil SWS. [S. No.36 of Notification No.4 /2025 -Customs dated 1st February,2025 and S.No III (8H) of Notification No.7/2025-Customs, dated 1st February, 2025 refers]. However, the existing effective duty under S.No 608 of Notification No. 50/2017 Customs dated 30th June, 2017 will continue.

Current provisions

Proposed provisions

Effect of changes made

Clause 87 -Section 18 - Provisional assessment of duty

Section 18(1)

(d) where necessary documents have not been produced or information has not been furnished and the proper officer deems it necessary to make further enquiry, the proper officer may direct that the duty leviable on such goods be assessed provisionally if the importer or the exporter, as the case may be, furnishes such security as the proper officer deems fit for the payment of the deficiency, if any, between the duty as may be finally assessed or re-assessed, as the case may be and the duty provisionally assessed

Section 18(1)

(d) where necessary documents have not been produced or information has not been furnished and the proper officer deems it necessary to make further enquiry, the proper officer may assess the duty leviable on such goods, provisionally if the importer or the exporter, as the case may be, furnishes such security as the proper officer deems fit for the payment of the deficiency, if any, between the duty as may be finally assessed or re-assessed, as the case may be and the duty provisionally assessed

a) A new sub-section (1B) is being inserted in Section 18 of the Customs Act, 1962 so as to provide definite time limit of two years for finalisation of provisional assessment. It also provides that this time period may be extended by the Commissioner of Customs for a further period of one year if sufficient cause is shown. Further, it also provides that, for the pending cases, the time-limit shall be reckoned from the date of assent of the Finance Bill.

b) A new sub-section (1C) is being inserted to provide for certain grounds on which the time-limit of two years for finalizing provisional assessment shall remain suspended.

(1A) Where, pursuant to the provisional assessment under sub-section (1), if any document or information is required by the proper officer for final assessment, the importer or exporter, as the case may be, shall submit such document or information within such time, and the proper officer shall finalise the provisional assessment within such time and in such manner, as may be prescribed

(1A) Where, pursuant to the provisional assessment under sub-section (1), if any document or information is required by the proper officer for final assessment, the importer or exporter, as the case may be, shall submit such document or information within such time, and the proper officer shall finalise the provisional assessment in such manner, as may be prescribed

After Section 18(1A)

After Section 18(1A)

"(1B) The proper officer shall finalise the duty provisionally assessed, within two years from the date of such assessment under sub-section (1):

Provided that the Principal Commissioner of Customs or the Commissioner of Customs may, on sufficient cause being shown and for reasons to be recorded in writing, extend the said period to a further period of one year:

Provided further that in respect of any provisional assessment pending under sub-section (1) as on the date on which the Finance Bill, 2025 receives the assent of the President, the said period of two years shall be reckoned from the date on which the said Finance Bill receives the assent of the President.

(1C) Where the proper officer is unable to assess the duty finally within the time specified under sub-section(1B) for the reason that--

(a) an information is being sought from an authority outside India through a legal process; or

(b) an appeal in a similar matter of the same person or any other person is pending before the Appellate Tribunal or the High Court or the Supreme Court; or

(c) an interim order of stayhas been issued by the Appellate Tribunal or the High Court or the Supreme Court; or

(d) the Board has, in a similar matter, issued specific direction or order to keep such matter pending; or

(e) the importer or exporter has a pending application before the Settlement Commission or the Interim Board, the proper officer shall inform the importer or exporter concerned, the reason for non-finalisation of the provisional assessment and in such case, the time specified in sub-section (1B) shall apply not from the date of the provisional assessment but from the date when such reason ceases to exist.".

FAQs:

Question: What is the timeline for pending provisional assessments?Answer:

Two years' time period will start from the date of assent of the Bill, applying to pending cases.

Question: What is the need for introducing a timeline for provisional assessment?Answer:

To bring certainty to importers/exporters regarding duty liability and enable liquidation of security (bond/bank guarantee) within the timeframe.

Question: Why are some exclusions in the time period provided for provisional assessment?Answer:

Certain cases (e.g., pending appeal, overseas information dependency) are excluded as finalization depends on external factors beyond Customs' control.

Clause 88 - Section - 18A Voluntary revision of entry, post clearance.

After Section 18

After Section 18

18A. (1) Notwithstanding anything contained in section 149, the importer or exporter of the goods, after the clearance, may revise an entry already made in relation to the goods, in such form and manner, within such time and subject to such conditions as may be prescribed.

(2) On revising the entry under sub-section (1), the

importer or exporter of the goods shall self-assess the duty.

(3) Where the revised entry and self-assessment made

under sub-sections (1) and (2) results in--

(a) any duty short-levied, not levied, short-paid or

not paid, then the same may be paid voluntarily by the importer or exporter of such goods along with the interest under section 28AA;

(b) duty paid in excess of that payable on such goods

or whole of the duty paid, requiring refund, then, such

revised entry shall be deemed to be a claim for refund

under section 27.

(4) The proper officer may,-

a) verify the revised entry and self-assessment made under sub-sections (1) and (2) in cases selected primarily on the basis of risk evaluation through appropriate selection criteria;

(b) re-assess the duty leviable on such goods in cases where the self-assessment under sub-section (2) is not done correctly.

(5) No revision of entry shall be made under this section in the following cases, namely:--

(a) cases where any audit under Chapter XIIA or search, seizure or summons under Chapter XIII has been initiated and intimated to the importer or the exporter concerned;

(b) cases requiring refund where the proper officer has re-assessed the duty under section 17 or assessed the duty under section 18 or under section 84;

(c) any other case which the Board may specify by

notification in the Official Gazette.".

A new section 18A is being inserted after Section 18 of the Customs Act, 1962 for voluntary revision of entry post clearance so that the importers and exporters may revise any entry that is made in relation to the goods within a prescribed time and according to certain conditions as may be prescribed. It also provides for treating such entry as self-assessment and allowing payment of duty or treating the revised entry as a refund claim under section 27. It also provides for certain cases where this section will not apply.

FAQ:

Question: Is there any requirement for officer interface while filing revised declaration (Revised self-assessment) after post-clearance under Section 18A?

Answer:

Revised entries with additional payment can be filed voluntarily without officer interface. Payment can be made electronically. Refund claims will be scrutinized for correctness.

Clause 89 - Section 27 - Claim for refund of duty

(1) Any person claiming refund of any duty or interest,-

(a) paid by him; or

(b) borne by him,

may make an application in such form and manner as may be prescribed for such refund to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, before the expiry of one year, from the date of payment of such duty or interest:

Provided that where an application for refund has been made before the date on which the Finance Bill, 2011 receives the assent of the President, such application shall be deemed to have been made under sub-section (1), as it stood before the date on which the Finance Bill, 2011 receives the assent of the President and the same shall be dealt with in accordance with the provisions of sub-section (2):

Provided further that the limitation of one year shall not apply where any duty or interest has been paid under protest.

Provided also that where the amount of refund claimed is less than rupees one hundred, the same shall not be refunded.

Explanation.- For the purposes of this sub-section, "the date of payment of duty or interest'' in relation to a person, other than the importer, shall be construed as "the date of purchase of goods" by such person.

(1) Any person claiming refund of any duty or interest,-

(a) paid by him; or

(b) borne by him,

may make an application in such form and manner as may be prescribed for such refund to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, before the expiry of one year, from the date of payment of such duty or interest:

Provided that where an application for refund has been made before the date on which the Finance Bill, 2011 receives the assent of the President, such application shall be deemed to have been made under sub-section (1), as it stood before the date on which the Finance Bill, 2011 receives the assent of the President and the same shall be dealt with in accordance with the provisions of sub-section (2):

Provided further that the limitation of one year shall not apply where any duty or interest has been paid under protest.

Provided also that where the amount of refund claimed is less than rupees one hundred, the same shall not be refunded.

Explanation 1- For the purposes of this sub-section, "the date of payment of duty or interest'' in relation to a person, other than the importer, shall be construed as "the date of purchase of goods" by such person.

"Explanation 2.-- For the removal of doubts, it is hereby clarified that the period of limitation of one year in case of claim of refund under clause (b) of sub-section (3) of section 18A or amendment of documents under section 149, shall be computed from the date of payment of such duty or interest.".

A new Explanation is being inserted in sub-section (1) of section 27 of the Customs Act, 1962, to clarify that the period of limitation of the claim of refund consequent to the revised entry under section 18A or amendment under section 149 of the Customs Act, 1962, shall be one year from the date of payment of duty or interest.

Clause 90 - Section 28 - Recovery of duties not levied or

short-levied or erroneously refunded

After Section 28 Explanation 1(b)

After Section 28 Explanation 1(b)

"(ba) in a case where duty is paid under clause (a) of sub-section (3) of section 18A, the date of payment of duty or interest;".

A new clause is being inserted in Explanation 1 of section 28 of the Customs Act, 1962, wherein, the relevant date in the case where duty is paid under the revised entry under section 18A is the date of payment of duty or interest.

Clause 91 - Section 127A -Definitions 

After Section 127A(d)

After Section 127A(d)

'(da) "Interim Board" means the Interim Board for Settlement constituted under section 31A of the Central Excise Act, 1944;';

A new clause is being inserted after clause (d) and (e) in section 127A of the Customs Act, 1962, to define Interim Board, Member of the Interim Board and pending applications.

After Section 127A(e)

After Section 127A(e)

'(ea) "pending application" means an application filed under section 127B before the 1st day of April, 2025

and fulfils the following conditions, namely:--

(i) it has been allowed under section 127C; and

(ii) no order under sub-section (5) of section 127C was issued on or before the 31st day of March, 2025 with respect to such application;'.

Clause 92 - Section 127B - Application for settlement of cases

(5) Any person, other than an applicant referred to in sub-section (1), may also make an application to the Settlement Commission in respect of a show cause notice issued to him in a case relating to the applicant which has been settled or is pending before the Settlement Commission and such notice is pending before an adjudicating authority, in such manner and subject to such conditions, as may be specified by rules.

(5) Any person, other than an applicant referred to in sub-section (1), may also make an application to the Settlement Commission in respect of a show cause notice issued to him in a case relating to the applicant which has been settled or is pending before the Settlement Commission and such notice is pending before an adjudicating authority, in such manner and subject to such conditions, as may be specified by rules.

"Provided that no application shall be made under this section on or after the 1st day of April, 2025:

Provided further that on and from the date of the constitution of the Interim Board, every pending application shall be dealt by it from the stage at which such pending application stood immediately before its constitution.".

Two new provisos are being inserted after sub-section (5) in section 127B of the Customs Act, 1962 to provide end date for receipt of applications under this section.

Clause 93 - Section 127C - Procedure on receipt of application under section 127B

After Section 127C(10)

After Section 127C(10)

'(11) On and from the 1st day of April, 2025,--

(a) the provisions of sub-sections (2), (3), (4), (5), (5A), (7), (8) and (8A) shall apply to pending applications with the modification that for the words "Settlement Commission", wherever they occur, the words "Interim Board" shall be substituted;

(b) in sub-section (3), for the words "seven days from the date of order", the words "seven days from the date of receipt of the order" shall be substituted;

(c) in sub-section (7), for the word "Bench", the words "Interim Board" shall be substituted;

(d) the provisions of sub-section (10) shall have effect as if for the words "Settlement Commission", the words "Settlement Commission or the Interim Board" had been substituted.

(12)Notwithstanding anything contained in this section, the Interim Board may, within three months from the date of its constitution under section 31A of the Central Excise Act, 1944, for the reasons to be recorded in writing, extend the time limit referred to in sub-section (8A), by such further period not exceeding twelve months from the date of such constitution.'.

A new sub-section is being inserted after sub-section (11) in section 127C of the Customs Act, 1962, providing time limit for extension by the interim board.

Clause 94 - Section 127D - Power of Settlement Commission to order

provisional attachment to protect revenue

After Section 127(D)(2)

After Section 127(D)(2)

"(3) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

A new sub-section is being inserted after sub-section (2) in section 127D of the Customs Act, 1962, clarifying that the powers of Settlement Commission shall be exercised by the Interim Board and further provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.

Clause 95 - Section 127F - Power and procedure of Settlement Commission

After Section 127F(4)

After Section 127F(4)

"(5) On and from the 1st day of April, 2025, the powers and functions of the Settlement Commission under this section shall be exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

A new sub-section is being inserted after sub-section (4) in section 127F of the Customs Act, 1962, providing that the powers and functions of Settlement Commission shall be exercised or performed by the Interim Board.

Clause 96 - Section 127G - Inspection, etc., of reports

No person shall be entitled to inspect, or obtain copies of, any report made by any officer of the Customs to the Settlement Commission; but the Settlement Commission may, in its discretion, furnish copies thereof to any such person on an application made to it in this behalf and on payment of such fee as may be specified by rules :

Provided that, for the purpose of enabling any person whose case is under consideration to rebut any evidence brought on record against him in any such report, the Settlement Commission shall, on an application made in this behalf, and on payment by such person of such fee as may be specified by rules, furnish him with a certified copy of any such report or part thereof relevant for the purpose.

No person shall be entitled to inspect, or obtain copies of, any report made by any officer of the Customs to the Settlement Commission; but the Settlement Commission may, in its discretion, furnish copies thereof to any such person on an application made to it in this behalf and on payment of such fee as may be specified by rules :

Provided that, for the purpose of enabling any person whose case is under consideration to rebut any evidence brought on record against him in any such report, the Settlement Commission shall, on an application made in this behalf, and on payment by such person of such fee as may be specified by rules, furnish him with a certified copy of any such report or part thereof relevant for the purpose.

"Provided further that on and from the 1st day of April, 2025, the functions of the Settlement Commission under this section shall be performed by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

A proviso to section 127G of the Customs Act, 1962 is being inserted providing that the powers and functions of Settlement Commission shall be exercised or performed by the Interim Board.

Clause 97- Section 127H - Power of Settlement Commission to grant immunity from prosecution and penalty

After Section 127H(3)

After Section 127H(3)

"(4) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

A new sub-section is being inserted after sub-section (3) in section 127H of the Customs Act, 1962 providing that the powers and functions of Settlement Commission shall be exercised or performed by the Interim Board.

FAQ:

Question: Has the Settlement Commission been abolished? What will happen to the pending cases?Answer: Yes, the Settlement Commission is being abolished.Interim Boards will be set up at Delhi, Mumbai, Chennai, and Kolkata to handle pending cases.

AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975

The First Schedule to the Customs Tariff Act, 1975 is being amended with effect from 01.05.2025-

a. create new tariff items based on process (parboiled, others) and on variety (rice recognised by Geographical Indication Registry, basmati, others) under sub-heading 1006 30

b. create new tariff items under 'Makhana' products (popped, flour and powder, others) and consequent re-numbering of existing entries under chapter 2008 19

c. create new tariff items to separately identify waste oils containing different levels of concentration of levels of polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs) under sub-heading 2710 91

d. create new tariff items for identification of certain dual-use chemical for non-pesticidal use in chapter 28

e. create new tariff items and supplementary notes for identification of certain dual-use chemical for non-pesticidal use and ce1iain goods covered by international conventions in chapter 29

f. create new tariff items and supplementary notes for identification of certain technical-grade pesticides and certain goods covered by international conventions in chapter 38

g. create new tariff lines to distinguish precious metals - containing 99.9% or more by weight of silver, containing 99.5% or more by weight of gold, containing 99% or more by weight of platinum under headings 7106, 7108 and 7110 respectively

h. changes in heading 8112 to align with WCO HS 2022

i. changes in sub-heading note 2 to chapter 85 to align with WCO HS 2022

Refer to "Annexure-A" for change in Custom Duty Rate

FAQs: RATIONALIZATION OF CUSTOMS TARIFF STRUCTURE AND CUSTOMS TARIFF ACT, 1975

Question:What are the objectives of the rationalization of customs tariff structure?Answer:The broad objectives are:(i) Simplification of customs tariff structure(ii) Ensure economic competitiveness of Indian Industry

Question: What has been done in the Budget as part of rationalization of customs tariff structure?Answer:• Seven rates are being removed to bring down the rate slabs to eight (including 0%).• The rates being removed are 25%, 30%, 35%, 40%, 100%, 125%, and 150%.• In Budget 2023-24, the number of rates was reduced by seven.

Question:Are all tariff lines part of rationalization of customs tariff structure in the Union Budget 2025-2026?Answer:No. Rationalization of customs tariff structure has been proposed only for industrial goods and does not include agriculture goods or textiles.

Question:Can you explain how the rationalization of Custom Tariff rate structure is being done?Answer:

The tariff rates of 25%, 30%, 35%, and 40% are being reduced to 20%.The rates of 100%, 125%, and 150% are being reduced to 70%.Thereafter, AIDC is being imposed on items affected by the removal of these rates:(i) At a rate equivalent to the existing import duty incidence on most of the items(ii) At a rate marginally lower than the existing import duty incidence on a few items

Question:What are the other measures undertaken as part of rationalization of customs tariff structure?Answer:Towards simplification of customs tariff structure, the principle being adopted is not to apply more than one cess or surcharge on imports of any industrial good. In line with this principle, goods attracting more than one cess or surcharge are being exempted from Surcharge.Endeavor has been to build the effective rates in the Customs Tariff Schedule for ease of reference. Therefore, some effective rates prescribed through notifications are being prescribed in the Customs Schedule.

Question:What are the changes to the Tariff lines being proposed in this Budget?Answer:New tariff lines are created for:

• 'Makhana' (Gorgon nut) to promote exports.
• Gold, silver, and platinum (based on BIS standards).

· GI-tagged rice varieties

· 178 new tariff lines are being created in total.

Current provision

Proposed provisions

Effect of changes made

Clause 99 -Section 31 - Definitions

After Section 31(e)

After Section 31(e)

(ea) "Interim Board" means the Interim Board for Settlement constituted under section 31A;';

Section 31 is being amended to define "Interim Board for Settlement"

After Section 31(f)

After Section 31(f)

'(fa) "pending application" means an application filed under section 32E before the 1st day of April, 2025 and fulfils the following conditions, namely:-

(i) it has been allowed under sub-section (1) of section 32F; and

(ii) no order under sub-section (5) of section 32F was issued on or before the 31st day of March, 2025 with respect to such application;'.

Section 31 is being amended to define "pending application"-

Clause 100 -Section 31A - Interim Board for Settlement.

31A. (1) The Central Government shall, by notification, constitute one or more Interim Boards for Settlement, as may be necessary, for the settlement of pending applications:

Provided that on and from the date of the constitution of the Interim Board, every pending application shall be dealt by it from the stage at which such pending application stood immediately before its constitution

(2) Every Interim Board shall consist of three members, each being an officer of the rank of Chief Commissioner or above, as may be nominated by the

Central Board of Indirect Taxes and Customs.

(3) If the Members of the Interim Board differ in opinion on any point, the point shall be decided according to the opinion of the majority.

(4) The Interim Board shall be assisted by such Central Excise Officers, to be nominated by the Central Board of Indirect Taxes and Customs.".

A new section 31A is being inserted to establish one or more Interim Boards for Settlement to process the pending applications and to provide that every pending application shall be dealt by the Interim Board from the stage at which such pending application stood immediately before its constitution.-=

Clause 101 - Section 32 - Customs and Central Excise Settlement Commission

(3) The Chairman, Vice-Chairman and other Members of the Settlement Commission shall be appointed by the Central Government from amongst persons of integrity and outstanding ability, having special knowledge of, and experience in, administration of customs and central excise laws:

(3) The Chairman, Vice-Chairman and other Members of the Settlement Commission shall be appointed by the Central Government from amongst persons of integrity and outstanding ability, having special knowledge of, and experience in, administration of customs and central excise laws:

"Provided that the Settlement Commission so constituted under this section shall cease to operate on or after the 1st day of April, 2025.".

A proviso to sub-section (1) of section 32 is being inserted to provide that CCESC shall cease to operate on or after 1st April, 2025-

Clause 102 - Section 32A - Jurisdiction and powers of Settlement Commission

(8) Subject to the other provisions of this Chapter, the special Bench shall sit at a place to be fixed by the Chairman.

(8) Subject to the other provisions of this Chapter, the special Bench shall sit at a place to be fixed by the Chairman.

"Provided that the provisions of this section shall not apply on or after the 1st day of April, 2025.".

Sections 32A is being amended by inserting a proviso in all these sections to provide that the provisions of these sections shall not apply on or after 1st April, 2025 .-

Clause 103 - Section 32B - Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances

(2) When the Chairman is unable to discharge his functions owing to absence, illness or any other cause, the Vice-Chairman or, the Member as the Central Government may, by notification in the Official Gazette, authorise in this behalf, shall discharge the functions of the Chairman until the date on which the Chairman resumes his duties.

(2) When the Chairman is unable to discharge his functions owing to absence, illness or any other cause, the Vice-Chairman or, the Member as the Central Government may, by notification in the Official Gazette, authorise in this behalf, shall discharge the functions of the Chairman until the date on which the Chairman resumes his duties.

"Provided that the provisions of this section shall not apply on or after the 1st day of April, 2025.".

Sections 32B is being amended by inserting a proviso in all these sections to provide that the provisions of these sections shall not apply on or after 1st April, 2025.

Clause 104- Section 32C. Power of Chairman to transfer cases from one Bench to another

On the application of the assessee or the Principal Chief Commissioner of Central Excise or Chief Commissioner or Principal Commissioner of Central Excise or Commissioner of Central Excise and after giving notice to them, and after hearing such of them as he may desire to be heard, or-on his own motion without such notice, the Chairman may transfer any case pending before one Bench, for disposal, to another Bench.

On the application of the assessee or the Principal Chief Commissioner of Central Excise or Chief Commissioner or Principal Commissioner of Central Excise or Commissioner of Central Excise and after giving notice to them, and after hearing such of them as he may desire to be heard, or-on his own motion without such notice, the Chairman may transfer any case pending before one Bench, for disposal, to another Bench.

"Provided that the provisions of this section shall not apply on or after the 1st day of April, 2025.".

Sections 32C is being amended by inserting a proviso in all these sections to provide that the provisions of these sections shall not apply on or after 1st April, 2025.

Clause 105- Section 32D - Decision to be by majority

If the Members of a Bench differ in opinion on any point, the point shall be decided according to the opinion of the majority, if there is a majority, but if the members are equally divided, they shall state the point or points on which they differ, and make a reference to the Chairman who shall either hear the point or points himself or refer the case for hearing on such point or points by one or more of the other Members of the Settlement Commission and such point or points shall be decided according to the opinion of the majority of the Members of the Settlement Commission who have heard the case, including those who first heard it.

If the Members of a Bench differ in opinion on any point, the point shall be decided according to the opinion of the majority, if there is a majority, but if the members are equally divided, they shall state the point or points on which they differ, and make a reference to the Chairman who shall either hear the point or points himself or refer the case for hearing on such point or points by one or more of the other Members of the Settlement Commission and such point or points shall be decided according to the opinion of the majority of the Members of the Settlement Commission who have heard the case, including those who first heard it.

"Provided that the provisions of this section shall not apply on or after the 1st day of April, 2025.".

Sections 32D is being amended by inserting a proviso in all these sections to provide that the provisions of these sections shall not apply on or after 1st April, 2025.

Clause 106- Section 32E - Application for settlement of cases

(5) Any person other than an assessee, may also make an application to the Settlement Commission in respect of a show cause notice issued to him in a case relating to the assessee which has been settled or is pending before the Settlement Commission and such notice is pending before an adjudicating authority, in such manner and subject to such conditions, as may be prescribed

(5) Any person other than an assessee, may also make an application to the Settlement Commission in respect of a show cause notice issued to him in a case relating to the assessee which has been settled or is pending before the Settlement Commission and such notice is pending before an adjudicating authority, in such manner and subject to such conditions, as may be prescribed

"Provided that no application shall be made under this section on or after the 1st day of April, 2025.".

A proviso to sub-section (5) of section 32E is being inserted to provide that no new application shall be made under this section on or after 1st April, 2025.

Clause 107- Section 32F - Procedure on receipt of an application under section 32E

After Section 32F(10)

After Section 32F(10)

'(11) On and from the 1st day of April, 2025,--

(a) the provisions of sub-sections (2), (3), (4), (5), (5A), (6), (7), and (8) shall apply to pending applications with the modification that for the words "Settlement Commission", wherever they occur, the words "Interim Board" shall be substituted;

(b) in sub-section (3), for the words "seven days from the date of order", the words "seven days from the date of receipt of the order" shall be substituted;

(c) in sub-section (7), for the word "Bench", the words "Interim Board" shall be substituted;

(d) the provisions of sub-section (10) shall have effect as if for the words "Settlement Commission", the words "Settlement Commission or Interim Board" had been substituted.

(12)Notwithstanding anything contained in this section, the Interim Board may, within three months from the date of its constitution under section 31A, for the reasons to be recorded in writing, extend the time limit referred to in subsection (6), by such further period not exceeding twelve months from the date of such constitution.'.

Section 32F is being amended to substitute the expression "Settlement Commission" with "Interim Board" so that the specified procedure on receipt of the application under section 32E shall apply to the Interim Boards. Additionally, a new sub-section is being introduced to allow the Interim Board, within three months of its constitution, to extend the time limit for disposing of pending applications by up to twelve months from its constitution, with reasons to be recorded in writing.

Clause 108- Section 32G - Power of Settlement Commission to order provisional attachment to protect revenue

After Section 32G(2)

After Section 32G(2)

"(3) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32G is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.

Clause 109- Section 32I - Powers and procedure of Settlement Commission

After Section 32I(4)

After Section 32I(4)

"(5) On and from the 1st day of April, 2025, the powers

and functions of the Settlement Commission under this section shall be exercised or performed by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32-I is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.-

Clause 110- Section 32J - Inspection, etc., of reports

No person shall be entitled to inspect, or obtain copies of, any report made by any Central Excise Officer to the Settlement Commission; but the Settlement Commission may, in its discretion furnish copies thereof to any such person on an application made to it in this behalf and on payment of the prescribed fee:

Provided that, for the purpose of enabling any person whose case is under consideration to rebut any evidence brought on record against him in any such report, the Settlement Commission shall, on an application made in this behalf, and on payment of the prescribed fee by such person, furnish him with a certified copy of any such report or part thereof relevant for the purpose.

No person shall be entitled to inspect, or obtain copies of, any report made by any Central Excise Officer to the Settlement Commission; but the Settlement Commission may, in its discretion furnish copies thereof to any such person on an application made to it in this behalf and on payment of the prescribed fee:

Provided that, for the purpose of enabling any person whose case is under consideration to rebut any evidence brought on record against him in any such report, the Settlement Commission shall, on an application made in this behalf, and on payment of the prescribed fee by such person, furnish him with a certified copy of any such report or part thereof relevant for the purpose

"Provided further that on and from the 1st day of April, 2025, the functions of the Settlement Commission under this section shall be performed by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32J isbeing amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.

Clause 111- Section 32K - Power of Settlement Commission to grant immunity from prosecution and penalty

After Section 32K(3)

After Section 32K(3)

"(4) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be

exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32K is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.

Clause 112- Section 32L - Power of Settlement Commission to send a case back to the Central Excise Officer

After Section 32L(3)

After Section 32L(3)

"(4) On and from the 1st day of April, 2025, the power of the Settlement Commission under this section shall be exercised by the Interim Board and the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".-

Sections 32L is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.*

Clause 113- Section 32M - Order of settlement to be conclusive

Every order of settlement passed under sub-section 1(5) of section 32F shall be conclusive as to the matters stated therein and no matter covered by such order shall, save as otherwise provided in this Chapter, be reopened in any proceeding under this Act or under any other law for the time being in force

Every order of settlement passed under sub-section 1(5) of section 32F shall be conclusive as to the matters stated therein and no matter covered by such order shall, save as otherwise provided in this Chapter, be reopened in any proceeding under this Act or under any other law for the time being in force

"Provided that on and from the 1st day of April, 2025, the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32M is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.

Clause 114- Section 32O - Bar on subsequent application for settlement in certain cases -

(1) Where,

(i) an order of settlement ,provides for the imposition of a penalty on the person who made the application under section 32E for settlement, on the ground of concealment of particulars of his duty liability; or

Explanation- In this clause, the concealment of particulars of duty liability relates to any such concealment made from the Central Excise Officer

(ii) after the passing of an order of settlement in relation to a case, such person is convicted of any offence under this Act in relation to that case; or

(iii) the case of such person is sent back to the Central Excise Officer having jurisdiction by the Settlement Commission under section 32L,

then, he shall not be entitled to apply for settlement under section 32E in relation to any other matter.

(1) Where,

(i) an order of settlement ,provides for the imposition of a penalty on the person who made the application under section 32E for settlement, on the ground of concealment of particulars of his duty liability; or

Explanation- In this clause, the concealment of particulars of duty liability relates to any such concealment made from the Central Excise Officer

(ii) after the passing of an order of settlement in relation to a case, such person is convicted of any offence under this Act in relation to that case; or

(iii) the case of such person is sent back to the Central Excise Officer having jurisdiction by the Settlement Commission under section 32L,

then, he shall not be entitled to apply for settlement under section 32E in relation to any other matter.

"Provided that on and from the 1st day of April, 2025, the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32O is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.

Clause 115- Section 32P - Proceedings before Settlement Commission to be judicial proceedings

Any proceedings under this Chapter before the Settlement Commission shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228, and for the purposes of section 196 of the Indian Penal Code (45 of I860).

Any proceedings under this Chapter before the Settlement Commission shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228, and for the purposes of section 196 of the Indian Penal Code (45 of I860).

"Provided that on and from the 1st day of April, 2025, the provisions of this section shall mutatis mutandis apply to the Interim Board as they apply to the Settlement Commission.".

Sections 32P is being amended to provide that on and after 1st April, 2025, the powers and functions of the Settlement Commission under these sections shall be exercised by the Interim Boards.

FAQ

Question: What are the changes proposed through the amendments to Central Excise Act, 1944?

Answer: The Settlement Commission is abolished, and Interim Boards are constituted to handle pending cases

Current provisions

Proposed provisions

Effect of changes made

Clause 130 of Finance Bill 2025-Special provision for retrospective exemption from service tax in certain cases relating to reinsurance services provided by insurance companies under Weather Based Crop Insurance Scheme and Modified National Agricultural Insurance Scheme

(1) Notwithstanding anything contained in section 66 of Chapter V of the Finance Act, 1994, as it stood prior to the 1st day of July, 2012, or in section 66B of the said Chapter of the said Act, as it stood prior to the omission of the said Chapter vide section 173 of the Central Goods and Services Tax Act, 2017, no service tax shall be levied or collected in respect of taxable services provided or agreed to be provided by insurance companies by way of reinsurance under the Weather Based Crop Insurance Scheme and the Modified National Agricultural Insurance Scheme during the period commencing from the 1st day of April, 2011 and ending with the 30th day of June, 2017 (both days inclusive).

(2) Refund shall be made of all such service tax which has been collected, but which would not have been so collected, had sub-section (1) been in force at all material times:

Provided that an application for the claim of refund of service tax shall be made within a period of six months from the date on which the Finance Bill, 2025 receives the assent of the President.

(3) Notwithstanding the omission of the said Chapter, the provisions of the said Chapter shall apply for refund under this section retrospectively as if the said Chapter had been in force at all material times.

Services provided or agreed to be provided by insurance companies by way of reinsurance services under the Weather Based Crop Insurance Scheme (WBCIS) and the Modified National Agricultural Insurance Scheme (MNAIS) are proposed to be exempted from service tax retrospectively for the period commencing from 1st April, 2011 and ending with 30th June, 2017.

A.

Increase in Tariff rate (to be effective from 02.02.2025) * [Clause 98 (a) of the Finance Bill, 2025]

*Will come into effect immediately through a declaration under the Provisional Collection of Taxes Act, 2023.

Rate of Duty

S. No.

Tariff item

Commodity

From

To

Textile

1.

6004 10 00

6004 90 00

6006 22 00

6006 31 00

6006 32 00

6006 33 00

6006 34 00

6006 42 00

6006 90 00

Knitted Fabrics

20%/10%

20% or Rs115/kg, whichever is higher

IT & Electronics sector

2.

8528 59 00

Interactive Flat Panel Displays (Completely Built Units)

10%

20%

B.

Decrease in Tariff rate (to be effective from 01.05.2025 unless otherwise specified) * [Clause 98 (b) of the Finance Bill, 2025]

Note: These changes will be effective from 2nd February, 2025 by issuance of notification.

Rate of Duty

S. No.

Heading, sub- heading, tariff item

Commodity

From

To

1.

25151100

2515 12

Marble and travertine, crude or roughly trimmed, merely cut into blocks, slabs and other

40%

20%

2.

2516 11 00

2516 12 00

Granite, crude or roughly trimmed, merely cut into blocks, slabs and other

40%

20%

3.

2933 59

Other compounds containing a pyrimidine ring (whether or not hydrogenated) or piperazine ring in the structure

10%

7.5%

4.

3302 10

Synthetic flavoring essences and mixtures of odoriferous substances of a kind used in food and drink industries

100%

20%

5.

3406

Candles, tapers and the like

25%

20%

6.

3822 90

Reference Materials

30%

10%

7.

3824 60

Sorbitol other than that of sub-heading 2905 44

30%

20%

8.

3920

Other, plates, sheets, films, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials

25%

20%

9.

3921

Other plates, sheet, film, foil and strip of plastics

25%

20%

10.

6401

Waterproof Footwear with outer soles and Uppers of Rubber or of plastics, the uppers of which are neither fixed to the sole nor assembled by stitching, riveting, nailing, screwing, plugging or similar processes

35%

20%

11.

6402

Other footwear with outer soles and uppers of rubber or plastics

35%

20%

12.

6403

Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather

35%

20%

13.

6404

Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials

35%

20%

14.

6405

Other Footwear

35%

20%

15.

6802 10 00

6802 21 10

6802 21 20

6802 21 90

6802 23 10

6802 23 90

6802 29 00

6802 91 00

6802 92 00

6802 93 00

Worked monumental or building stone

40%

20%

16.

7113

Articles of Jewelry and parts thereof

25%

20%

17.

7114

Articles of goldsmiths' and silversmiths' ware's and parts thereof

25%

20%

18.

7404 00 12

7404 00 19

Copper Waste and Scrap

2.5%

Nil

7404 00 22

19.

8002

Tin Waste and Scrap

5%

Nil

20.

8101 97 00

Tungsten Waste and Scrap

5%

Nil

21.

8102 97 00

Molybdenum Waste and Scrap

5%

Nil

22.

8103 30 00

Tantalum Waste and Scrap

5%

Nil

23.

8105 30 00

Cobalt Waste and Scrap

5%

Nil

24.

8106 90 10

Waste and Scrap of Bismuth and Bismuth alloys

5%

Nil

25.

8109 31 00,

8109 39 00

Zirconium Waste and Scrap

10%

Nil

26.

8110 20 00

Antimony Waste and Scrap

2.5%

Nil

27.

8112 13 00

Beryllium Waste and Scrap

5%

Nil

28.

8112 41 20

Rhenium Waste and Scrap

10%

Nil

29.

8112 61 00

Cadmium Waste and Scrap

5%

Nil

30.

8541 42 00

Solar Cells

25%

20%

31.

8541 43 00

8541 49 00

Solar Module and Other semiconductor devices and photovoltaic cells

40%

20%

32.

8702

Motor vehicles for transport of 10 or more persons

40%

20%

33.

8703

Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702)

125%

70%

34.

8704

Motor vehicles for transport of goods

40%

20%

35.

8711

Motorcycles and cycles fitted with an auxiliary motor with or without side-car

100%

70%

36.

8712 00 10

Bicycles

35%

20%

37.

8903

Yachts and other vessels for pleasure or sports; rowing boats and canoes

25%

20%

38.

9028 30 10

Electricity meters for alternating current (Smart meter)

25%

20%

39.

9401

Seats (other than those of headings 9402), whether or not convertible into beds, and parts thereof

25%

20%

40.

9403

Other furniture and parts thereof

25%

20%

41.

9404

Mattress supports, articles of

bedding and similar furnishing etc.

25%

20%

42.

9405

Luminaries and lighting fittings including searchlights and spotlights and parts thereof etc.

25%

20%

43.

9503 00 91

Parts of electronic toys

70%

20%

44.

9802 00 00

Laboratory Chemicals

150%

70%

45.

9803 00 00

All dutiable articles, imported by a passenger or a member of a crew in his baggage

100%

70%

46.

9804 00 00

All dutiable goods imported for personal use.

35%

20%

C.

Tariff rate changes (without change in existing effective rate of duty) to be effective from 01.05.2025 unless otherwise specified [Clause 98 (b) of the Finance Bill, 2025]

Rate of Duty

S. No.

Heading, sub- heading tariff item

Commodity

From

To

1.

1520 00 00

Glycerol Crude, glycerol waters, glycerol lye

30%

20%

2.

2603 00 00

Copper Ores and concentrates

2.5%

Nil

3.

2605 00 00

Cobalt Ores and concentrates

2.5%

Nil

4.

2609 00 00

Tin Ores and concentrates

2.5%

Nil

5.

2611 00 00

Tungsten Ores and concentrates

2.5%

Nil

6.

2613 00 00

Molybdenum Ores and concentrates

2.5%

Nil

7.

2615 10 00

Zirconium Ores and concentrates

2.5%

Nil

8.

2615 90 10

Vanadium Ores and concentrates

2.5%

Nil

9.

2615 90 20

Niobium or Tantalum Ores and concentrates

2.5%

Nil

10.

2617 10 00

Antimony Ores and Concentrates

2.5%

Nil

11.

2711 12 00

Liquefied Propane

15%

2.5%

12.

2711 13 00

Liquefied Butane

15%

2.5%

13.

27 11 19 10

LPG (for non-automotive purpose)

15%

5%

14.

2711 19 20

LPG (for automotive purpose)

15%

5%

15.

2711 19 90

Other liquified petroleum gas

15%

5%

16.

2809 20 10

Phosphoric Acid

20%

7.5%

17.

2810 00 20

Boric Acid

27.5%

7.5%

18.

3824 99 00

Other - Prepared Binders, chemical products and preparations of chemical or allied industries

17.5%

7.5%

19.

7210 12 10

OTS/MR type-flat rolled products of thickness less than 0.5 mm

27.5%

15%

20.

7210 12 90

Other flat rolled products of thickness less than 0.5 mm

27.5%

15%

21.

7219 12 00

Hot-rolled products in coils of thickness greater than or equal to

4.75 mm, but not exceeding 10 mm

22.5%

15%

22.

7219 13 00

Hot-rolled products in coils of thickness greater than or equal to 3 mm but less than 4.75 mm

22.5%

15%

23.

7219 21 90

Flat rolled products of stainless steel of width 600 mm or more - Other nickel chromium austenitic type

22.5%

15%

24.

7219 90 90

Flat rolled products of stainless steel of width 600 mm or more - Other sheets and plates

22.5%

15%

25.

7225 11 00

Flat-rolled products of other alloy steel - grain oriented, silicon electrical steel

20%

15%

26.

7307 29 00

Other tube or pipe fittings of stainless steel

25%

15%

27.

7307 99 90

Other fittings of iron or steel, non- galvanised

25%

15%

28.

7308 90 90

Other structure and parts of structures of iron and steel

25%

15%

29.

7310 29 90

Others-tanks and drums etc.

25%

15%

30.

7318 15 00

Other screws and bolts whether or with nuts or washers

25%

15%

31.

7318 16 00

Threaded nuts

25%

15%

32.

7318 29 90

Other non-threaded articles

25%

15%

33.

7320 90 90

Other springs and leaves of iron/steel

25%

15%

34.

7325 99 99

Other cast articles of iron or steel

25%

15%

35.

7326 19 90

Others - forged or stamped articles of iron or steel but not further worked

25%

15%

36.

7326 90 99

Miscellaneous other articles of iron/steel

25%

15%

37.

8001

Unwrought Tin

5%

Nil

38.

8101 94 00

Unwrought tungsten, including bars and rods obtained simply by sintering

5%

Nil

39.

8102 94 00

Unwrought molybdenum, including bars and rods obtained simply by sintering

5%

Nil

40.

8103 20

Unwrought tantalum, including bars and rods obtained simply by sintering, powders

5%

Nil

41.

8105 20 20

Cobalt, unwrought

5%

Nil

42.

8106 10 10

Bismuth, unwrought

5%

Nil

43.

8109 21 00

Unwrought zirconium, powders, containing less than 1 part hafnium to 500 parts zirconium by weight

10%

Nil

44.

8110 10 00

Unwrought antimony, powders

2.5%

Nil

45.

8112 12 00

Beryllium unwrought, powders

5%

Nil

46.

8112 31

Hafnium unwrought, waste and scrap, powders

10%

Nil

47.

8112 41 10

Rhenium unwrought

10%

Nil

48.

8112 69 10

Cadmium unwrought, Powders

5%

Nil

49.

8112 69 20

Cadmium, wrought

5%

Nil