| Changes in Custom Duty rates - Budget 2008 |
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1. Reduction in customs duty rate (effective from 1 March 2008)
In pursuit of correction of inverted duty structure and provide fillip to selected industries/ , customs duty has been reduced on selected commodities by change in tariff rate/ by issue of exemption notifications. These changes are effective from 1 March 2008.
Detailed list of items and the duty rates .
2. Increase in customs duty rates (effective from 1 March 2008)
To protect domestic industry, restrict import of selected commodities and augment revenue collections, customs duty has been increased on various items / exemptions have been withdrawn/ amended. These changes are effective from 1 March 2008. Detailed list of items and increase rates .
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