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Home >>Economic Affairs>>Post Budget Memorandum(2007-08)
 

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S.No

Description

Basic Customs Duty on All Vehicles (%)

Remarks

       Budget
07-08 proposal

      SIAM Suggestion

New

Second Hand

New

Second Hand

1.

Commercial Vehicles falling under Tariff Heading - 87.02 & 87.04(other than CKD)

10

10

40

40

Tariffs for CBUs of commercial vehicles should be de-linked from other tariffs. The applied rates for used vehicles need to be pegged to 40% i.e. the bound rate. Duties should not go below 12.5%.



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