Madras HC: Freedom of Religion Cannot Extend to Disturbing Peace Within Temple Premises  ||  Delhi HC: Lokpal Cannot Form a Prima Facie View on Corruption Without Hearing The Official  ||  MP High Court: DRT Cannot Restrict or Impose Conditions on a Person's Foreign Travel  ||  Bombay HC: Results of Dec 2 And 20 Local Body Election Must be Declared Together  ||  Delhi HC: Employment Disputes Cannot be Treated as Commercial Cases under the Act  ||  Supreme Court: Divorced Muslim Woman Can Reclaim Gifts Given to Husband at Marriage  ||  Supreme Court: Police and Courts Should Act as Initial Filters to Prevent Baseless Prosecutions  ||  SC: Maharashtra Can Acquire Land under Slum Areas Act, Respecting Owner's Preferential Rights  ||  Supreme Court: Excise Exemption on Cotton Fabrics is Denied if Any Related Process Uses Power  ||  NCLAT: IBC Auctions are Not Ordinary Contracts, and Market Volatility Does not Excuse Bid Defaults    

#Union Budget 2022-2023:Overview of Changes in Custom Duties and Regime - (01 Feb 2022)

CUSTOMS

Union Budget proposes to apply a moderate customs tariff of 7.5%.Custom duty on cut and polished diamond reduced to 5%.Custom duty on imitation jewellery duty and critical chemicals reduced. Duty is being raised on Sodium Cyanide. Duty on umbrellas raised to 20% with exemption to parts of umbrellas being withdrawn. Steel scrap duty extended for another year. Anti-dumping on stainless steel are being revoked. Duty reduced on shrimp aquaculture.

Tags : UNION BUDGET   CUSTOM DUTIES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved