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ACs, Refrigerators And 17 Other Items To Get Costlier From 27 Sept
In order to reduce the widening gap in the current account deficit (CAD) and reduce pressure on the weakening rupee, the government has decided to increase basic customs duty on 19 "non-essential items" to curb their imports. These rates will be effective from 27 September midnight, as per a statement from the ministry of finance.
| Sl. No. | Item | Present rate (%) | Revised rate (%) |
|---|---|---|---|
| 1 | Air conditioners | 10 | 20 |
| 2 | Household Refrigerators | 10 | 20 |
| 3 | Washing machines less than 10 Kg | 10 | 20 |
| 4 | Compressor for air conditioners and refrigerators | 7.5 | 10 |
| 5 | Speakers | 10 | 15 |
| 6 | Footwears | 20 | 25 |
| 7 | Radial Car tyres | 10 | 15 |
| 8 | Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond | 5 | 7.5 |
| 9 | Diamonds-semi processed, half cut or broken | 5 | 7.5 |
| 10 | Lab grown diamonds | 5 | 7.5 |
| 11 | Cut and polished Colored gemstone | 5 | 7.5 |
| 12 | Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal | 15 | 20 |
| 13 | Articles of Goldsmith or silversmith wares and parts thereof of precious metal or of metal clad with precious metal | 15 | 20 |
| 14 | Bath, shower bath, sink, wash basin, etc. of plastics | 10 | 15 |
| 15 | Articles of plastics for conveyance and packing such as boxes, case, containers, bottles, insulated ware etc. | 10 | 15 |
| 16 | Tableware, kitchenware and other household items of plastics | 10 | 15 |
| 17 | Miscellaneous items of plastics such as office stationery, fitting for furniture's, decorative sheets, statuettes, beads, bangles etc. | 10 | 15 |
| 18 | Trunks, Suitcase, Executive cases, Brief Cases, travel bags and other bags etc. | 10 | 15 |
| 19 | Aviation turbine fuel | 0 | 5 |
The CAD, where the value of the goods and services a country imports exceeds the value of the goods and services it exports, widened to 2.4 percent of GDP (gross domestic product) for India in the April-June quarter.
Story first published: Wednesday, September 26, 2018, 22:07 [IST]
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