CUSTOMS
Note:
(a) "Basic Customs Duty (BCD)" means the customs duty levied under the Customs Act, 1962.
(b) "Agriculture Infrastructure and Development Cess (AIDC)" means a duty of customs that is levied under Section 124 of the Finance Act, 2021.
(c) "Road and Infrastructure Cess (RIC)" means an additional duty of customs that is levied under Section 111 of the Finance Act, 2018.
(d) "Health Cess" means a duty of customs that is levied under Section 141 of the Finance Act, 2020.
(e) "Social Welfare Surcharge (SWS)" means a duty of customs that is levied under Section 110 of the Finance Act, 2018.
(f) Clause Nos. in square brackets [ ] indicate the relevant clause of the Finance (No. 2) Bill, 2024.
(g) Amendments carried out through the Finance (No. 2) Bill, 2024, will come into effect on the date of its enactment, unless otherwise specified.
I. AMENDMENTS TO THE CUSTOMS ACT, 1962
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