Amendments to Other Proposals Involving Changes in Basic Customs Duty Rates in Notifications under Finance (No.2) Bill, 2024.

Budget & Finance 2024

A.   Changes in Basic Customs Duty (to be effective from 24.07.2024)

S. No. Chapter, Heading, sub- heading, tariff item Commodity From To
I. Agricultural Products
1. 1207 99 90 Shea nuts 30% 15%
II. Aquafarming & Marine Exports
1. 0306 36 Live SPF Vannamei shrimp (Litopenaeus   vannamei) broodstock 10% 5%
2. 0306 36 Live Black tiger shrimp (Penaeus monodon) broodstock 10% 5%
3. 0306 36 60 Artemia 5% Nil
4. 0511 91 40 Artemia cysts 5% Nil
5. 0308 90 00 SPF Polychaete worms 30% 5%
6. 1504 20 Fish lipid oil for use in manufacture of aquatic feed 15% Nil
7. 1504 20 Crude fish oil for use in manufacture of aquatic feed 30% Nil
8. 1518 Algal Oil for use in manufacture of aquatic feed 15% Nil
9. 2102 20 00 Algal Prime (flour) for use in manufacture of aquatic feed 15% Nil
10. 2309 90 90 Mineral and Vitamin Premixes for use in manufacture of aquatic feed 5% Nil
11. 2301 10 90 Insect meal for use in Research & Development purposes in aquatic feed manufacturing 15% 5%
12. 2309 90 90 Single Cell Protein from Natural Gas for use in Research & Development purposes in aquatic feed manufacturing 15% 5%
13. 2301 20 Krill Meal for use in manufacture of aquatic feed 5% Nil
14. 1901 Pre-dust breaded powder for use in processing of sea-food 30% Nil
15. 2309 90 31 Prawn and shrimps feed 15% 5%
16. 2309 90 39 Fish feed 15% 5%
III. Critical Minerals
1. 2504 Natural Graphite 5% 2.5%
2. 2505 Natural sands of all kinds, whether or not coloured, other than metal bearing sands of chapter 26 of The Customs tariff Act, 1975 5% Nil
3. 2506 Quartz (other than natural sands); quartzite, whether or not roughly 5% 2.5%
trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
4. 2530 90 91 Strontium sulphate (natural ore) 5% Nil
5. 2603 00 00 Copper ores and concentrates 2.5% Nil
6. 2605 00 00 Cobalt ores and concentrates 2.5% Nil
7. 2609 00 00 Tin ores and Concentrates 2.5% Nil
8. 2611 00 00 Tungsten Ores and Concentrates 2.5% Nil
9. 2613 Molybdenum ores and concentrates 2.5% Nil
10. 2615 10 00 Zirconium ores and concentrates 2.5% Nil
11. 2615 90 Hafnium Ores and concentrates 2.5% Nil
12. 2615 90 10 Vanadium ores and concentrates 2.5% Nil
13. 2615 90 20 Niobium or tantalum ores and concentrates 2.5% Nil
14. 2617 Antimony Ores and Concentrates 2.5% Nil
15. 2804 50 20 Tellurium 5% Nil
16. 2804 61 00 Silicon, containing by weight not less than 99.99% of silicon 5% Nil
17. 2804 69 00 Other silicon 5% Nil
18. 2804 90 00 Selenium 5% Nil
19. 2805 30 00 Alkali or alkaline earth metals,Rare-earth metals, scandium and yttrium, whether or not intermixed or inter alloyed 5% Nil
20. 2811 22 00 Silicon dioxide 7.5% 2.5%
21. 2815 20 00 Potassium hydroxide 7.5% Nil
22. 2816 40 00 Oxides, hydroxides and peroxides, of strontium or barium 7.5% Nil
23. 2822 00 10 Cobalt oxides 7.5% Nil
24. 2822 00 20 Cobalt hydroxides 7.5% Nil
25. 2822 00 30 Commercial cobalt oxides 7.5% Nil
26. 2825 20 00 Lithium oxide and hydroxide 7.5% Nil
27. 2825 30 Vanadium oxides and hydroxides 2.5%/7.5% Nil
28. 2825 60 10 Germanium oxides 7.5% Nil
29. 2825 70 Molybdenum oxides and hydroxides 7.5% Nil
30. 2825 80 00 Antimony oxides 7.5% Nil
31. 2825 90 20 Cadmium oxides 7.5% Nil
32. 2827 35 00 Chlorides of Nickel 7.5% Nil
33. 2827 39 30 Strontium chloride 7.5% Nil
34. 2833 24 00 Sulphates of Nickel 7.5% Nil
35. 2834 21 00 Nitrates of potassium 7.5% Nil
36. 2836 91 00 Lithium carbonates 7.5% Nil
37. 2836 92 00 Strontium carbonates 7.5% Nil
38. 2841 90 00 Salts of oxometallic or peroxometallic acids of Beryllium and Rhenium 7.5% Nil
39. 2846 Compounds, inorganic or organic of rare earth metals 7.5% Nil
40. 2918 15 30 Bismuth citrate 7.5% Nil
41. 3801 Artificial Graphite, colloidal or semi-colloidal graphite, preparations based on graphite or other carbon in form of pastes, blocks,  plates  or  other  semi-manufactures 7.5% 2.5%
42. 8001 Unwrought Tin 5% Nil
43. 8101 94 00 Unwrought tungsten, including bars and rods obtained simply by sintering 5% Nil
44. 8102 94 00 Unwrought molybdenum, including bars and rods obtained simply by sintering 5% Nil
45. 8103 20 Unwrought tantalum, including bars and rods obtained simply by sintering, powders 5% Nil
46. 8105 20 20 Cobalt, unwrought 5% Nil
47. 8106 10 10 Bismuth, unwrought 2.5% Nil
48. 8109 21 00 Unwrought zirconium,powders, Containing less than 1 part hafnium to 500 parts zirconium by weight 10% Nil
49. 8110 10 00 Unwrought antimony, powders 2.5% Nil
50. 8112 12 00 Beryllium unwrought,powders 5% Nil
51. 8112 31 Hafnium  unwrought, waste  and scrap,powders 10% Nil
52. 8112 41 10 Rhenium unwrought 10% Nil
53. 8112 69 10 Cadmium unwrought, powders 5% Nil
54. 8112 69 20 Cadmium, wrought 5% Nil
55. 8112 92 00 Unwrought; waste and scrap; powder of, –

(i) Gallium

(ii) Germanium

(iii) Indium

(iv) Niobium

(v) Vanadium

 5% Nil
IV. Steel Sector
1. 7202 60 00 Ferro Nickel 2.5% Nil
2. 7204 Ferrous Scrap Nil (till 30.09.2024) Nil (till 31.03.2026)
3. 7225 Certain specified raw materials for manufacture of CRGO steel Nil (till 30.09.2024) Nil (till 31.03.2026)
V. Copper
1. 7402 00 10 Blister Copper 5% Nil
VI. Chemicals and Plastics
1. 3102 30 00 Ammonium Nitrate, whether or not in aqueous solution 7.5% 10%
2. 3920 (other than 3920 99 99) or 3921 All goods other than Poly vinyl chloride (PVC) flex films/flex banner 25%

(with effect from 24.07.2024)

 10%
3. 3920 99 99 All goods other than Poly vinyl chloride (PVC) flex films/flex banner 25%

(with effect from 24.07.2024)

 15%
VII. Textile and Leather Sector
1. 2929 10 90 Methylene Diphenyl Di-isocyanate (MDI) for use in the manufacture of Spandex Yarn 7.5% 5% Subject to IGCR conditio ns
2. 41 Wet white, Crust and finished 10% Nil
leather for manufacture of textile or leather garments, leather /synthetic footwear or other leather products, for export Items under Sl. No. 257B and 257C of Notificat ion 50/2017 – Customs, dated 30.06.2017
3. 38,48 or any other Chapter Certain additional accessories and embellishments for manufacture of textile or leather garments, leather/synthetic footwear or other leather products, for export As applicable Nil Items under Sl. No. 257B and 257C of Notificati on 50/2017 – Customs, dated 30.06.2017
4. 0505 10 Real Down Filling Material from Duck or Goose for use in the manufacture of textile or leather garments for export 30% 10%
VIII. Cancer Drugs
1. 30 (i) Trastuzumab Deruxtecan,

(ii) Osimertinib,

(iii) Durvalumab

 10% Nil
IX. Precious Metals
1. 7108 Gold bar 15% 6%
2. 7108 Gold dore 14.35% 5.35%
3. 7106 Silver bar 15% 6%
4. 7106 Silver dore 14.35% 5.35%
5. 7110 Platinum, Palladium, Osmium, Ruthenium, Iridium 15.4% 6.4%
6. 7118 Coins of precious metals 15% 6%
7. 7113 Gold/Silver findings 15% 6%
8. 71 Platinum and Palladium used in the manufacture of noble metal solutions, noble metal compounds and catalytic convertors 7.5% 5%
9. 84 Bushings made of platinum and rhodium alloy when imported in exchange of worn out or damaged bushings exported out of India 7.5% 5%
X. Medical Equipment
1. 39 All types of polyethylene for use in manufacture of orthopaedic implants falling under sub-heading 9021 10 As applicable Nil
2. 39, 72, 81 Special grade stainless steel, Titanium alloys, Cobalt-chrome alloys, and All types of polyethylene for use in manufacture of other artificial parts of the body falling under sub-heading 9021 31 or 9021 39 As applicable Nil
3. 9022 30 00 X-ray tubes for use in manufacture of X-ray machines for medical, surgical, dental or veterinary use 15% 5% (till 31st March 2025) 7.5% (w.e.f 1st April, 2025 to 31st March, 2026) 10% (w.e.f 1st April, 2026)
4. 9022 90 90 Flat panel detectors (including scintillators) for use inmanufacture of X-ray machines for medical, surgical, dental or veterinary use 15% 5% (till 31st March 2025) 7.5% (w.e.f 1st April, 2025 to 31st March, 2026) 10% (w.e.f 1st April, 2026)
XI. IT and Electronics Sector
1. 8517 13 00,

8517 14 00

 Cellular mobile phone 20% 15%
2. 8504 40 Charger/Adapter of cellular mobile phone 20% 15%
3. 8517 79 10 Printed Circuit Board Assembly (PCBA) of cellular mobile phone 20% 15%
4. 28, 29, 38 Specified parts for use in manufacture of connectors 5%/7.5% Nil
5. 74 Oxygen Free Copper for use in manufacture of Resistors 5% Nil
6. 40 Specified die-cut parts for use in manufacture of cellular mobile phones As applicable Nil
7. 40, 70, 76 Specified mechanics for use in manufacture of cellular mobile phones As applicable Nil
8. 8517 79 10 Printed Circuit Board Assembly (PCBA) of specified telecom equipment 10% 15%
XII. Renewable Energy Sector
1. 84, 85, or any other chapter Specified capital goods for use in manufacture of solar cells or solar modules, and parts for manufacture of such capital goods 7.5% Nil
2. 7007 Solar glass for manufacture of solar cells or solar modules Nil 10%

(w.e.f. 1.10.20

24)
3. 74 Tinned copper interconnect for manufacture of solar cells or solar modules Nil 5%(w.e.f 1.10.20

24)
XIII. Shipping
1. Any Chapter Components and consumables for use in manufacture of specified vessels As applicable Nil
2. Any Chapter Technical documentation and spare parts for construction of warships As applicable Nil
XIV. Capital goods
1. Any Chapter Goods under S. No. 404 of Notification No. 50/2017 Customs, used for petroleum exploration operations As applicable Nil

B.   Changes in Export Duty (To be effective from 24.7.2024)

B. Changes in Export Duty (To be effective from 24.7.2024)

Effective export duty on raw skins, hides & leather is being simplified and rationalized. The changes are as follows –

 Rate of Duty
S. No. Chapter or Heading Commodity From To
1. 4101 to 4103 Raw  Hides & skins, all sorts (other than buffalo) 40% 40%
2. 4101 Raw Hides & skins of buffalo 30% 30%
3. 4104 to 4106 Tanned or crust hides of skins, whether or not split, but not further prepared 40 20%
4. 4104 to 4106 E.I. tanned leather Nil Nil
5. 41 Finished leather as defined by DGFT finished leather norms Nil Nil
6. 4301 Raw fur skins 60%/10% 40%
7. 4302 Tanned or dressed furskin 60% 20%
See also  Amendments relating to Direct Taxes under Budget 2024-25 (Annexure to Part B)

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