Customs duty exemption clarification for aircraft engines and parts

 

Customs duty tariff rate changes as per Indian Budget 2017-18
Central Excise Duty changes as per Indian Budget 2017-18
Service Tax rate Changes under Indian Budget 2017-18

(Updating soon after Budget 2017-18 on 1st February,2017 under text format and pdf format)



Customs duty exemption clarification for aircraft engines and partsBudget 2016-17 changes in customs import duty tariff,excise duty and service tax

Indian Union Budget 2016-2017, changes in import customs tax tariff, chapter wise

Indian Budget 2016-17, Excise duty tariff changes, chapter wise

Changes in Service Tax as per Budget 2016-17


Exemption for customs duty for  aircraft engines and parts Clarification as per Budget 2016-17

 

Representations have been received regarding the eligibility of aircraft engines and parts thereof, for customs duty exemption under S.No. 448 and 456 of notification No.12/2012-Customs, dated 17th March, 2012. It is, hereby, clarified that aircraft engines and parts thereof are eligible for customs duty exemption under the aforementioned S.Nos. of notification No. 12/2012-Customs dated 17.03.2012, subject to fulfillment of conditions mentioned therein.

 

 

Excise duty CENVAT for readymade garments and made up articles of textiles

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Indian Budget 2016-17 Tax proposals for Pensioners

Domestic incentives in addition to Make In India campaign, Indian Budget 2016-17

Nil duty for Braille paper as per Budget 2016-17

Reduces rate of refrigerated containers, Indian Budget 2016-17

Exemption of ST for General Insurance services, Indian Budget 2016-17

Service Tax changes for DUGKY as per Indian Budget 2016-17

Income tax benefits to securitization trusts including trusts of ARCs as per Budget 2016-17

Indian Budget 2016-17, benefits to researchers for patent

Indian Budget 2016-17, benefits to start up companies

Income tax exemptions for small and medium enterprises MSME

To Boost use of refrigerated containers, FM proposed to reduce the basic custom,Indian budget 2016 - 17

1 per cent service charge on purchase of luxury cars over Rs. 10 lakh, Indian Budget 2016-17

September 30 to be the deadline followed for undisclosed income, Indian Budget 2016-17

1% CESS on petrol cars and 2.5% CESS on diesel cars, Union Budget 2016-17

4% High Capacity Tax on SUV'S , Indian budget 2016-17.

No change in Income tax slabs, Indian Budget 2016-17

Additional levy of 1% on luxury cars, Indian Budget 2016-17

200% penalty on misreporting income, Union Budget 2016-17

EXCISE DUTY of 1% UP on JEWELRIES, Indian budget 2016-17

Tobacco tax goes up to 10-15%, Indian Budget 2016-17

Import tariff changes for artificial flowers, articles of human hair, feather under HS code 67 as per new Indian budget

Latest Indian budget changes for import of umbrellas, sun umbrellas, walking-stickers, whips,riding-crops and parts

Govt tariff changes for import of headgear and headgear parts as per Budget 2016-17

Duty tariff changes for import of footwear and gaiters as per latest Indian Budget 2016-17

 

 

Latest Indian budget changes for import of worn clothing and worn textile articles, rags

Import tariff changes for apparel and clothing accessories not knitted or crocheted under HS code 62 as per new Indian budget

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Measurement of export containers 

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MEIS, Merchandise Exports from India Scheme 

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Comments


Harsh Fatnani : I am absolutey layman in respect of import procedures and request you to kindly update me in following respect I am working as finance executive in Goverment Hospital and we need to Import Medical equipment from foreign country whether we will have to open LC to make payment. Whether we will be eligible for custom duty exemption when we make payment to foreign vendor in its currency. Few vendors in india also ready to provide us equipment but they are saying that in case the payment will be made in indian currency, we will not be eligible for Custom duty exemption.

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