Quick Summary
The Ministry of Finance (Department of Revenue) has issued Notification No. 21/2026-Customs dated 9 June 2026, amending the existing customs exemption framework under Notification No. 62/2022-Customs. The amendment introduces a new serial number, 825A, in Table I of the principal notification, extending a nil rate of Basic Customs Duty (BCD) to goods falling under tariff item 26020010. The notification has been issued under the powers conferred by Section 25(1) of the Customs Act, 1962, which a
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The government has inserted a new entry, Serial No. 825A, into the customs exemption framework, granting a nil rate of Basic Customs Duty (BCD) to goods under tariff item 26020010.
Goods falling under tariff item 26020010 are now eligible for zero customs duty.
The new customs duty rate for tariff item 26020010 is 0.0%.
The exemption is expected to reduce import costs, improve the competitiveness of dependent industries, and facilitate smoother sourcing of raw materials or commodities.
The principal customs exemption notification, Notification No. 62/2022-Customs, has been amended.
Importers should carefully verify their product classification to ensure eligibility and maintain appropriate documentation during customs clearance.
CAclubindia
