Budget 2016-17, changes in Import customs duty, excise and service tax

Budget 2016-17, changes in Import customs duty, excise and service tax

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)


Click here for latest update on Export assistance schemes in India 

 

Customs duty tariff rate changes as per Indian Budget 2017-18


Central Excise Duty changes as per Indian Budget 2017-18


Service Tax rate tariff Changes under Indian Budget 2017-18

 

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


Click here for latest update on Export assistance schemes in India 

Direct imports by Government will attract customs duties

Exemption for disposable sterilized dialyzer and micro barrier of artificial kidney

Excise duty CENVAT is being levied on articles of jewellery under Indian Budget 2016-17

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

Tax changes in sectors of Agriculture, rural economy and environment under Indian Budget 2016-17

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

How to import your goods?

Click here to know India Trade Classification(ITC)
Different types of Containers

How to export your product?

Click here to know HTS (Harmonized Tariff System) code of your product

What are the risks and solutions in Export Business?
Service Tax - Click here to read complete notification under Budget 2014
What is Bank post shipment credit to exporters?
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

What is post shipment credit to exporters?

Bank financial benefits to Exporters

How does Letter of Credit work?

 

Procedure and Documentation for Filing Claim of Marine Insurance.

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

Types of Insurance Documents.

Import General Manifest (IGM)

Importance of Bill of Lading

Introduction to this web site.

Is Airway bill a documents of title?

Is Customs House Agents (CHA ) required to be appointed mandatory?

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

Types of Insurance Documents.

Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation

Who can inspect import cargo in US
Who decides shipping carrier on FOB shipments
Who gets benefits from this website?
Who is a ‘Manufacturer’ of excisable goods
Who is a prime banker to check authenticity of letter of credit?
Who is Stevedores
Who receives the amount of auctioned / resold imported unclaimed/un-cleared goods?
Why demurrage/detention waiver period is required at destination for import Transferability of Bill of Lading
Why do carriers balance weight and volume while charging freight amount in Exports?
How does CENVAT Credit work?
Why, best attention while preparing Export Invoice?
Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation
What is said to contain in Bill of Lading.

Why does Palletization require?

Why labeling and marking in Export business?

 How to make DA mode of payment safe

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

How does a Running bond work?

How does Bill of Lading work in DP payment terms?

How does Bill of Lading work in Sight LC

How does CENVAT Credit work?

Why need Certificate of Origin

Why prefer exports?

How many types of imports in India. Types of bills of Entry in India

How many types of shipping bills in export

How to add Line number in Import General Manifest in Custom in India

 Import General Manifest (IGM)

4 Conditions when applying for refund of Input Tax Credit (ITC) under GST
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.

How is IGST calculated under Imports?
How is IGST rate on imports treated?

GST and e-Commerce Business, FAQ

Definition of E-Commerce under GST

TDS under GST, Frequently Asked Questions

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Learn exports imports free of cost

Revised GST rate on Cocoa powder

Revised GST rate on Chocolates and other food preparations containing cocoa

Revised GST rate on Malt extract

Revised GST rate on Waffles and wafers coated with chocolate

Diminished GST rates on Statues and other ornamental articles

Reduced GST rate on Bells, gongs, mirrors of base metal under HSN 8306

Reduced GST rate on Worked ivory, bone, horn, animal carving material etc

Minimized GST rate on Computer monitors upto 20”

Union territory tax (Rate) Notification No. 44 of 2017 DT 14th November, 2017, GST

Integrated Tax (Rate) Notification No. 47 of 2017 DT 14th November, 2017, GST

Central Tax Notification No 44 of 2017 dt 13th October, 2017 under GST

CUSTOMS Notification No. 89 of 2017 dt 24th November, 2017

Central Tax (Rate) Notification No 38 of 2017 dt 13th October, 2017 under GST

Does CVD exists under project imports?

Baggage clearance after GST implementation

Refund of SAD paid on imports

How to claim ITC under imports?

Procedures to claim Drawback after GST implantation

How to claim IGST refund on exports?



Comments


nazarudheen.cp: Sir I want the dutty tax detail of all inches led tv's

A K Radhakrishnan: Changes in customs / Excise tariff for paper and paperboards ITC HS 48

Pankaj Patil : Sir, We are manufacturing of Paper cup and paper leaf and paper sheet under ch.H. 48 Please guide the excise duty change.

S.Ravivarma: how much percentage of import duty for raw cashewnuts effect from

S.Ravivarma: how much percentage of import duty for raw cashewnuts effect from

Sanjib Kumar Boro: Excise and Service Tax

jebaraj: i got gift from shop of bahrain lg 49" smart tv if i want to take india means i want to pay any tax are not please replay me.

kuldip singh: I want to know about exice duty tax for 20" to 42" LED

Dr Prasad Patgaonkar: Sir, I would like to know the import custom duty on surgical instruments to be purchased?

Anish: customs duty for 32inch led tv ?

SUSHIL TAORI: how much percentage of import duty for raw cashewnuts effect from

Maulik Patel: what is import duty on copy paper under HS code-48

RAVI PRABHAKAR: What is the actual effect on import duty on apparel from SAARC countries and non-Saarc countries.

baiju: I have 49 in led smart tv how much charge duty

Rajesh: Sir, I would like to know the present excise duty on HDPE & PP bags for cement & fertilizer plants.

Ashok Kond : I am Ashok Kond reading your articles for getting any information of the export or import. Currently I am working with a company where now, they want to take Customs Duty Refund which we are paying at the time of import of goods. i. e. We have paid 10% customs duty for imported goods & we have already getting benefit of 2% duty drawback. But, our Director sir wants to take those 8% duty also as refund. So, my query is, "Can we take those 8% refund on customs duty paid for the imported goods & what are the documents required for the same".

H V Prahlad : while I am looking at information on importing prefabricated house/cabins which are assembled on steel structural frames and walls with sandwich boards. The source is from Alibaba.com. I am looking at this for my farm which is remote is extremely difficult to find construction labour and transporting materials. Before I proceed I wanted to understand implications in terms of Customs duty and countervailing duties

Syed Akailvi: Please provide complete information on the following points. I am an expatriate working in Saudi Arabia from quite some time and planning to return in May 2016. I have the following items that I am planning to get them to India. 1. SAMSUNG HD/3D Smart Tv 55" used for 4 years. 2. Cooking range medium is use since 25 years. 3. Singer Sewing Machine used for 10 years. 4. Microwave in use since 10 years. 5. Excersise cycle in use since last 4 years. Other household items and clothes. Please let me know the expected customs duty on these items. As I heard now the Government of India has raised the free baggage allowance to Rs. 5,00,000/-. What other items can be brought under free allowance. I would be highly obliged if can guide me.

Muniappan Angamuthu : i am sathish from atchaya exports. my father is the proprietor of this company started in the year 1999.he export many products like betel leaves, flowers and other goods,, right now we are not exporting .we plan to import refurbished mobile phones , full kit with imei number to sell in india please tell me the steps after importing.. the refurbished mobile phones how to clear customs , and the average duty , and the certification

soorajbhasi7@gmail.com: I am Soorajbhasi Bhasi from Kerala currently working at Bahrain in IT field. Next month I am coming to Kerala for a short vacation. I wish to bring a 43 inch LCD TV to India. I know we had to pay 36% tax last year as customs duty fee. Now I heard a news that there is much reduction in customs duty for bringing TVs from outside India. Can please advise what is the customs duty fee to bring 40/42/43 inch LED TV to India from Bahrain

VA LJGRACE : I WANT FOLLOWING INFORMATION: A.DRIED RED CHILLIES - IS IMPORT PERMITTED. B.COUNTRY OF ORIGIN - CHINA. C.ANY PRIOR PERMISSION OR IMPORT LICENCE IS REQUIRED, IF SO FROM WHICH DEPARTMENT. D.CUSTOM DUTY AND OTHER TAX PAYABLE IN CUSTOMS. ANY OTHER FORMALITIES.

kabira kamil : My name is Abhay and I'm writing this in regards to few questions that I have related to the assessment value of certain goods that we are looking to import. We are trying to purchase Cashew Nuts from africa at a very low price and I have been trying to understand the base at which the import tax would be charged, upon going through articles and based on some other research, I'm under the impression that the assessment value of the goods is 1% -cif on which import duty would be calculated but there are few things that have been nagging me for quite while, the matter of fact that the Cashew nuts are relatively lower to the standard rate of the product in our country and as the assessment is to be done by a govt officer, please help me in understanding how would the assessment value be calculated.

Ananthamurthy: We are an Electronics Industry accredited with ACP status engaged in contract manufacturing activity of assembly of various Electronic components and produce populated printed circuit boards used in various Electronic applications. We are regularly importing from USA, Germany, China, France, Australia, UK, Netherlands, Singapore and various other countries 1.How to prepare our export documents ? 2.How to make payment to our USA supplier. 3.What documents we have to submit to our Bankers for remitting money to USA supplier in the absence of Bill of entry copies. 4.On the other hand How to account the foreign exchange received from our customer in Hong kong in eh absence of Shipping bill copy. Pl. share advise

THIYYAGURA SUDHEERKUMAR REDDY : I want to know more about the Duty Credit Scrip under the MEIS scheme, for to the export of Extra Neutral Alcohol (ENA).Kindly please provide me the information for the above.

Sarfraz : Sir I want the dutty tax detail of all inches led tv's

vinay Birari: Dear Sir, we are trader want to import some prepacked goods into INDIA and sell it to the customer through distributor network . as per notification 102/2007 traders has to pay all duties at the time of import and claim ACD / SAD refund , secondly if the product is under Legal meteorology act we can import under MRP and pay duty after abatement & No ACD is leviable now my question is suppose our product is not under MRP and it is not sold in retail market but it is prepacked goods and we are not changing any form of the goods and sell it as it is can we apply to Govt. and get the permission to include under MRP so that we can avail abatement benefit and avoid 4% ACD refund ? we are register company having VAT registration and pay VAT every month to the govt. since ACD is in place of VAT can we get the benefit of not paying ACD while import of trading goods since we are paying VAT regularly? if yes what is procedure ? awaiting your reply Thanking you,

Parveen Kumar : Pls confirm duty structure of Tariff 85331000

Cezary : I would like to send office furniture to India. Can you tell me who should pay the duty and taxes at the customs? Is it me or the receiver of goods?

chamila liyanage : please advise me if any one import Dry Clove to india from sri Lanka 1 what is the import duty rate ( all ), 2 need any import license ( for 1st import )?, 3 need get any certificate in india or Sri lanka for Dry Clove?

N.Murali: I would like to know the HS Code, Customs Tariff code and Customs Duty particulars for: 1) Fermented Wheat Flour 2) Fermented Maize Corn Flour The above products are used as Food Ingredients in Bakery Industry. These products are not found in the Customs Tariff of India. Please guide us. N.Murali

Prakash Bhai: I want to Import All Kinds Of Footwear from China to Inida. May I know how much is the Total Import Duty , Bifurcation wise in Break-Ups

Ayush Ahlawat: One of my friend want to send me a gift may b a laptop or a mobile so I want to know how much duty I have to pay for it..??

NADEEM: Dear Sir, could you please send me the custome duty charges for LG LED MONITOR 20 INCH. Thanks with regards, M.A.Nadeem

ravindra shukla: My friend coming on tour from Americaa to India how much currency and few electronic and golden ornaments along with few more as a gift irom he/she brought and what custom duty would be

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