India: India to Levy New Surcharge on Imported Goods

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, New Delhi   |   (011-91-11) 2419-8769

On February 1, 2018, Finance Minister Arun Jaitley presented the Government of India’s (GOI) annual budget for Indian Fiscal Year (IFY) 2018/19. The GOI’s Union Budget of 2018 abolished the Education Cess and the Secondary and Higher Education Cess. The budget introduced a Social Welfare Surcharge of 10 percent of the basic customs duty on imported goods, including food and processed food products. 

India: India to Levy New Surcharge on Imported Goods

 

Exporting
South and Central Asia, India
Fruits and Vegetables, Grains, Feeds and Fodders, Oilseeds, Processed Food Products, Tree Nuts

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