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Which imported product's basic customs duty (BCD) was waived off by government of India recently?
A)
Electronic Products
B)
Organic Products
C)
Products for nuclear plants
D)
Agricultural Products

Correct Answer : Option (C) - Products for nuclear plants


In order to reduce the dependency on carbon-based fuel for electricity generation, the Government of India (GoI) has waived off Basic Customs Duty (BCD) for the products which are imported for nuclear power plants. BCD of 7.5% for all goods for use in the generation of nuclear power & 2.5% for all forms of uranium ores and concentrates for the generation of nuclear power will now have no such duty.

Published On : July 13, 2021
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