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

Asked 2018-09-27 14:21:49 by Anonymous

Answered by NewsBytes

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

Which imported items are taxed above 20%?

Asked 2018-09-27 14:20:40 by Anonymous

Answered by NewsBytes

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

How much is the new import duty on diamond jewelry?

Asked 2018-09-27 14:19:18 by Anonymous

Answered by NewsBytes

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

What is the revised import duty on commonly used items?

Asked 2018-09-27 14:17:59 by Anonymous

Answered by NewsBytes

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%

When will the new customs duties come into effect?

Asked 2018-09-27 14:13:33 by Anonymous

Answered by NewsBytes

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.

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

Asked 2018-09-27 14:12:55 by Anonymous

Answered by 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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