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Anonymous

Anonymous

Asked on 27 September, 2018

How much tax will be charged on refrigerator and washing machines?

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About 10% to 20% import duty will be charged on household refrigerators, ACs, and washing machines in the less than 10kg category.

Anonymous

Anonymous

Asked on 27 September, 2018

Which imported items are taxed above 20%?

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About 20% to 25% hike is reported on imported footwear, excluding parts of such footwear like removable in-soles.

Anonymous

Anonymous

Asked on 27 September, 2018

How much is the new import duty on diamond jewelry?

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About 5% to 7.5% hike is reported on cut and polished diamonds, semi-processed diamonds, lab-grown diamonds, cut and polished colored gemstones.

Anonymous

Anonymous

Asked on 27 September, 2018

What is the revised import duty on commonly used items?

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The import duty on commonly used items such as speakers, radical car tyres, tableware, kitchenware, office stationery, furniture fittings, and many more have been hiked from 10% to 15%

Anonymous

Anonymous

Asked on 27 September, 2018

When will the new customs duties come into effect?

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The new import duties will come into effect from September 27, 2018, i.e. the midnight of September 26/27 September. This move is an effort by the government to check India's widening current account deficit resulting from increasing global crude oil prices and the falling Indian rupee.

Anonymous

Anonymous

Asked on 27 September, 2018

What are the items on which Indian Government has hiked the import duties?

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NewsBytes

The government of India hiked import duties on 19 categories of "non-essential items". These items are the air conditioners, refrigerators, compressor for refrigerators and ACs, speakers, footwears, radical car tyres, diamonds and polished gemstones, precious stones, suitcases, travel bags, tableware, kitchenware, bath, sink and basin of plastics, containers and bottles of plastic, office stationery, decorative sheets, aviation turbine fuel, and fittings for furnitures.

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