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Informative

Budget 2024-25: FM Proposes to Reduce BCD on Real Down Filling Material from Duck Or

Update / Judgement Date

23 Jul 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceExcise, VAT & CustomFinancial Management

In the Budget 2024-25, Finance Minister Nirmala Sitharaman proposed reducing the Basic Customs Duty (BCD) on real down-filling materials derived from duck or goose feathers. This measure aims to lower costs for manufacturers of high-quality insulation and bedding products, thus benefiting various sectors reliant on such materials. The decision reflects the government's focus on easing the cost burden for industries and enhancing competitiveness in the market