BUDGET 2017 – CUSTOMS (TARIFF) In the budget 2017, Customs Duty rate in respect of certain commodities have been changed. All these changes are effective from 2nd of February, 2017. The Chapter wise changes in Rates of Duty are
BUDGET 2017 – CENTRAL EXCISE (TARIFF) In the budget 2017, Central Excise Duty rate in respect of certain commodities have been changed. All these changes are effective from 2nd of February, 2017. The Chapter wise changes in Rates of
In Budget 2016, various amendments are made in Customs and Central Excise. The amendments effecting the rate of duty are compiled separately. In this compilation, amendments, other then effecting the rate of duty are compiled. Please feel free to communicate
In budget 2016, various changes are proposed in the Service Tax Law. These Changes are effective from different dates. The said amendments are compiled with respect to the date of their effect. Any further clarification is always welcome. Some amendments
Basic Excise Duty increased on pan masala [2106 90 20] from 16% to 19%. Accordingly, the duty leviable under the compounded levy scheme has also been modified. Excise duty on “waters, including mineral waters and aerated waters, containing added sugar or other sweetening
Basic Custom duty on cashew nuts in shell classifiable under CTH 0801 31 00 increased from Nil to 5%. Basic Customs duty on denatured ethyl alcohol (ethanol) classifiable under CTH 2207 20 00 reduced from 5% to 2.5% for
CBEC, in much relief to trade ind Industry, has overhauled the procedure with regard to functioning of SVBs. The salient features of new procedure are as under. No Control of the DGOV: The control of SVBS was entrusted to Director
In the budget, 2015, Swatch Barat Cess was proposed to be imposed. The said proposal , was enacted as Chapter VI, Section 119 of the Finance Act, 2015. The sealant features of the said legal provision are as under.
CBEC has issued revised guidelines for of valuation of Second had machinery, for the purpose of levying Customs Duty. The said guidelines arr contained in Circular N0. 25/2015 dated 15th October, 2015.
On 21.10.2015, Central Government imposed definitive Anti Dumping Duty on Polyester Yarn, Hexamine, Front Axle Beam and Steering Knuckles for medium or heavy commercial vehicle and MDF Board Originated and / or Exported from Chine, Thailand. U.A.E., Malaysia Please