Basic customs duty: the main import duty, set per HS code in the Customs Tariff.
BCD is charged on the assessable value. Rates range from zero to over 100% for a few goods; free trade agreements can reduce it with a certificate of origin.
Related terms
- Assessable value — The value on which Indian customs calculates import duty — usually the CIF value in rupees.
- SWS — Social welfare surcharge: 10% of the basic customs duty on most imports.
- HS code — The Harmonized System number that classifies every product for customs.