Import of 1636 items: ACD to be abolished in FY21 budget

The govt. has decided to abolish additional customs duty (ACD) on the import of 1636 items in budget FY21 and reduction of duties (Custom Duty, Regulatory Duty, Excise Duty and ACD, etc) on 350 tariff lines in the budget which were proposed by different industries and came under discussion by the Tariff Board.