Parliament adopts resolution on hike in basic customs duty

Parliament today adopted a statutory resolution on increase in basic customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges.
The resolution was moved in the Rajya Sabha by Finance Minister Arun Jaitley today. The Lok Sabha yesterday had adopted the resolution on hike in the BCD.
The government through a notification dated June 30 had increased the basic customs duty from 'nil' to 10 per cent on various kinds of printers, facsimile machines, certain types of ink cartridges, telephones for cellular networks or for other wireless networks, base stations, and other items.
The increased duty became applicable from July 1.