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Dated: 01.02.2025
Key Budgetary Changes in Customs Tariff-Notfn No 04/2025-Customs dtd 01st February 2025
The Government of India issued Notification No. 04/2025-Customs on 1st February 2025 to amend customs duty structures, exemptions, and classifications for various goods. Below are the key highlights:
1. Increased Import Duties on Several Goods
- Marble & Granite Slabs (2515, 2516, 6802 Series) β Increased to 20%.
- PVC Flex Films (3920, 3921) β Raised to 20%.
- Footwear (6401-6405) β Now taxed at 20%.
- Jewelry & Precious Metals (7113, 7114) β Increased to 20% (with some exceptions).
- Polymer & Chemical Products (3824, 3302, 2933 Series) β 7.5% – 20% duty imposed.
- Motorcycles (8711), Passenger Vehicles (8703), and Personal Goods (9804) β 70% import duty applied.
- Furniture & Household Goods (9401-9405) β New duty at 20%.
- Smart Electricity Meters (9028 30 10) β New 20% duty imposed.
- Electronic Toy Parts (9503 00 91) β Now taxed at 20%.
2. Duty Exemptions on Metal Waste & Scrap
The following metal waste and scrap imports are now fully exempted (Nil duty):
- Tin waste & scrap (8002)
- Tungsten waste & scrap (8101 97 00)
- Molybdenum waste & scrap (8102 97 00)
- Tantalum waste & scrap (8103 30 00)
- Cobalt waste & scrap (8105 30 00)
- Bismuth, Zirconium, Antimony, Beryllium, Rhenium, Cadmium scrap (8106-8112 Series)
3. Higher Duties on Vehicles & Personal Imports
- Commercial Vehicles (8702, 8704) β 20% duty.
- Passenger Vehicles (8703) β Increased to 70% (with exceptions).
- Motorcycles (8711) β Duty raised to 70% (except specified cases).
- Bicycles (8712 00 10) β 20% import duty.
- Personal & Crew Baggage Imports (9803, 9804) β New 70% duty applied.
4. Effective Date
- This notification comes into force on 2nd February 2025.
Comparative Table: Customs Tariff Act, 1975 vs. Notification No. 04/2025-Customs
This table highlights the key differences and amendments introduced in Notification No. 04/2025-Customs compared to the Customs Tariff Act, 1975:
| Aspect | Customs Tariff Act, 1975 | Notification No. 04/2025-Customs (Amended) |
| Date of Implementation | 18th August 1975 | 1st February 2025 |
| Purpose | Establishes a comprehensive customs duty framework and levy structure on imports | Amends customs duties and exemptions on various goods to align with policy changes |
| Scope of the Act/Notification | Covers customs duties applicable to all imported goods under First & Second Schedules | Modifies specific tariff rates and exemptions for selected goods |
| Duty on Marble & Granite Slabs (2515, 2516, 6802 Series) | Standard duty rates applied | Increased to 20% |
| Duty on PVC Flex Films (3920, 3921) | Standard rates applied | Raised to 20% |
| Footwear (6401-6405) | Standard duty applied | New 20% import duty imposed |
| Jewelry & Precious Metals (7113, 7114) | Covered under general tariff schedule | Increased to 20% with some exceptions |
| Polymers & Chemicals (3824, 3302, 2933 Series) | Standard rates applied | 7.5% – 20% duty imposed |
| Motorcycles (8711), Passenger Vehicles (8703), and Personal Goods (9804) | Standard duty structure | 70% import duty applied |
| Duty on Household & Furniture Items (9401-9405) | Standard rates applied | 20% import duty imposed |
| Smart Electricity Meters (9028 30 10) | Standard rates applied | New 20% duty imposed |
| Electronic Toy Parts (9503 00 91) | Standard rates applied | New 20% duty imposed |
| Metal Waste & Scrap Exemptions | Standard duty applied | Exemptions granted (Nil Duty) for Tin, Tungsten, Molybdenum, Tantalum, Cobalt, Bismuth, Zirconium, Antimony, Beryllium, Rhenium, and Cadmium scrap |
| Duty on Bicycles (8712 00 10) | Standard duty applied | 20% import duty imposed |
| Duty on Personal Imports via Baggage (9803, 9804) | Standard duty applied | New 70% import duty imposed |
| Implementation Date | 18th August 1975 | 2nd February 2025 |
Summary of Key Changes
β Higher import duties on vehicles, marble, footwear, furniture, and electronic goods.
β Full duty exemption granted for various metal waste & scrap materials.
β Personal imports via baggage now taxed at 70%.
β Encourages domestic manufacturing by making luxury imports more expensive.
In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.
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Source: Cbic, Ministry of Finance, Govt of India
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