Here’s Everything You Need to Know About Customs Duty India
Simply begin with the definition; “Customs Duty” states to the tax levied on the commodities when they are transported across the global borders. The only aim behind charging Custom Duty India is to defend each country’s environment, jobs, residents, and economy by regulating the movement of products particularly preventive and banned products in and out of any country. Six months back, India has raised customs duty on a number of products like washing machines, tableware, footwear, jewelry, air-conditioners, furniture fittings and many more. Here is listed the Revised Custom Duty India Rate for the Following Items:- Product’s Name Previous Rate Current Revised Rate Air conditioner 10 20 Washing machines (less than 10 kg) 10 20 Non-industrial diamonds 5 7.5 Cut & polished colored gems stone 5 7.5 Bath, sink, washbasin, shower bath, etc. 10 15 Avia