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⚡Customs Duty Rate Reduced From 21 to 13: Electric Vehicles, TV, Smartphone To Get Cheaper

By PBNS and PIB

The Finance Minister proposed to reduce the number of Basic Custom Duty (BCD) rates on goods, other than textiles and agriculture, from 21 to 13. This has necessitated minor changes in the basic custom duties, cesses and surcharges on some items including toys, bicycles, automobiles and naphtha.

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