The 25 per cent customs duty rate shall now uniformly apply to any import of bamboo, including by traders, Central Board of Indirect Taxes and Customs said.
Low import duties on edible oils over the years has practically made our farmers lose interest in oilseed cultivation.
SEZs are treated as a foreign territory in terms of customs laws. They are developed as exclusive export zones.
The industry had demanded a major cut in import duty on gold but instead a 0.5% import duty has been imposed on uncut colored stones which at present is imported tax free.
The government in the last budget had imposed 10 per cent basic custom duty on newsprint and lightweight coated paper.
Harley-Davidson issue: Trump says 'getting nothing' after India reduces tariffs on motorcycles, takes a jibe at Modi
Referring to his recent conversation with Prime Minister Narendra Modi, he said the "fantastic man" informed him that India has reduced tariffs on imported motorcycles.