Supreme Court: Borrowers Retain Redemption Rights if Balance is Paid After Auction Deadline  ||  Supreme Court: Non-Confirmation of Seizure under Section 37A Impacts Adjudication Proceedings  ||  SC: Blacklisting After Contract Termination is Not Automatic and Needs Independent Review  ||  Grand Venice Fraud Case: Supreme Court Cancels Bail of Satinder Singh Bhasin  ||  SC: Senior Employee Cannot Claim Same Lesser Penalty As Subordinate; Bank Manager's Dismissal Upheld  ||  Madras HC: Governor Must Follow Cabinet's Advice on Remission Decisions, Regardless of Personal View  ||  Kerala High Court: Entrepreneurs Must Be Protected From Baseless Protests to Boost Industrial Growth  ||  J&K&L High Court: Second FIR Valid if it Reveals a Broader Conspiracy; 'Test of Sameness' is Key  ||  Supreme Court: Expecting a Minor to Respond to a Public Court Notice is ‘Perverse’  ||  SC: Order 23 Rule 1 CPC Applies to S. 11 Arbitration Act, Barring Fresh Arbiration After Abandonment    

#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 Duty on umbrellas raised to 20% with exemption to parts of umbrellas being withdrawn.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 2026 - All Rights Reserved