Budget 2014, benefits for industries of handicraft,textiles made ups etc.
Tuesday, October 25, 2016     Category : Indian Budget 2014-15

 

 

Update on 29th February, 2016: Budget 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

 

 

The information provided here is part of Export Import Training online

Budget changes in customs import duty tariff,excise duty and service tax

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

Indian Budget  Excise duty tariff changes, chapter wise

Changes in Service Tax as per Budget

 

Click below to read latest update: 28th February, 2015. 

Indian Budget 2015-16, Import Customs Duty Changes, chapter wise 

Indian Budget 2015-16, Central Excise Duty Changes, chapter wise



Budget 2014 Benefits under HS code Chapter 51 and 52


 

Budget 2014, benefits for industries of handicraft,textiles made ups etc

Wire rolls

The list of specified goods required by handicraft exporters is being expanded so as to include wire rolls in the same for the purpose of granting the facility of duty free import. S.No.206 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated the 11th July 2014 refers.

Non-fusible embroidery motifs or prints

Non-fusible embroidery motifs or prints are being included in the list of items eligible to be imported duty free for manufacture of garments for export. S.No.282 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by Notification No.12/2014-Customs, dated the 11th July 2014 refers.

Trimmings & embellishments

The duty free entitlement for import of trimmings & embellishments and other goods used by the readymade textile garment sector for manufacture of garments for export is being increased from 3% to 5%. S.No.282 (condition No.24) of notification No.12/2012-Customs, dated 17th March, 2012 as amended by Notification No.12/2014-Customs, dated the 11th July 2014 refers.

Goods imported for use in the manufacture of textile garments for export

Specified goods imported for use in the manufacture of textile garments for export are fully exempt from BCD and CVD subject to the condition that the manufacturer produces an entitlement certificate from the Apparel Export Promotion Council. In addition, Indian Silk Export Promotion Council (ISEPC) is being authorised to issue entitlement certificate. S.No.282 (condition No.24) of notification No.12/2012-Customs, dated 17th March, 2012 as amended by Notification No.12/2014-Customs, dated the 11th July 2014 refers.

Items for manufacture of handloom made ups or cotton made ups or manmade made ups for export

Fusible embroidery motifs or prints, anti-theft devices like labels, tags and sensors, pin bullets for packing, plastic tag bullets, metal tabs, bows, ring and slider and rings are being included in the list of items eligible to be imported duty free for manufacture of handloom made ups or cotton made ups or manmade made ups for export. S.No.284 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated the 11th July 2014 refers.

 

 

The above information is a part of Import Export online Training


Click here to go back to INDIAN BUDGET 2014-2014 highlights


Excise and Customs - Click here to read complete notification under Budget 2014

Service Tax - Click here to read complete notification under Budget 2014

Read www.howtoexportimport.com to know more  - Click here


 

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Comments

 
M.Prabhakaran Says :
Tuesday, September 23, 2014
Excellent information and Knowledge transfer. Absolutely very fruitful and informative article. Understandable and easy word of english is used, which really benefits everyone. Normal graduate to highly professionals. Thank you.
 

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