Import Excise tax tariff changes for lead and lead articles as per Indian Union Budget 2017-18
Major changes in Indian Budget 2017-18 is being introduced based on the introduction of GST before September 2017 by redefining Indian Tax system. The budget is presented along with Railway Budget and after demonetization in country. The Central Excise tax charges for lead and lead articles is described below according to Indian Union Budget 2017-18.
No changes in Customs Duty rates as per Indian Budget 2017-18 under this HSN chapter
Click here to read government notification on changes in Excise tax tariff rate under Indian Budget 2017-18, HSN code chapter wise.
EXCISE RATE CHANGES AS PER BUDGET 2017-18 Click here to download in pdf format
|
|
Commodity
|
Rate of Duty
|
|
|
|
From
|
To
|
I.
|
Public Health
|
A.
|
Tobacco and Tobacco Products
|
|
-
|
Cigar and cheroots
|
12.5% or Rs.3755 per thousand, whichever is higher
|
12.5% or Rs.4006 per thousand, whichever is higher
|
|
-
|
Cigarillos
|
12.5% or Rs.3755 per thousand, whichever is higher
|
12.5% or Rs.4006 per thousand, whichever is higher
|
|
-
|
Cigarettes of tobacco substitutes
|
Rs.3755 per thousand
|
Rs.4006 per thousand
|
|
-
|
Cigarillos of tobacco substitutes
|
12.5% or Rs.3755 per thousand, whichever is higher
|
12.5% or Rs.4006 per thousand, whichever is higher
|
|
-
|
Others of tobacco substitutes
|
12.5% or Rs.3755 per thousand, whichever is higher
|
12.5% or Rs.4006 per thousand, whichever is higher
|
|
-
|
Paper rolled biris – handmade
|
Rs.21 per thousand
|
Rs.28 per thousand
|
|
-
|
Paper rolled biris – machine made
|
Rs.21 per thousand
|
Rs.78 per thousand
|
II.
|
Incentivizing domestic value addition, ‘Make in India’
|
A.
|
Renewable Energy
|
|
-
|
All items of machinery required for balance of systems operating on biogas/ bio-methane/ by-product hydrogen
|
12.5%
|
6%
|
B.
|
Miscellaneous
|
|
-
|
Membrane Sheet and Tricot/Spacer for use in the manufacture of RO membrane element for household type filters, subject to actual user condition
|
12.5%
|
6%
|
|
-
|
All parts for use in the manufacture of LED lights or fixtures, including LED lamps, subject to actual user condition
|
Applicable duty
|
6%
|
|
-
- Waste and scrap of precious metals or metals clad with precious metals arising in course of manufacture of goods failing in Chapter 71
- Strips, wires, sheets, plates and foils of silver
- Articles of silver jewellery, other than those studded with diamond, ruby, emerald or sapphire
- Silver coin of purity 99.9% and above, bearing a brand name when manufactured from silver on which appropriate duty of customs or excise has been paid
|
|
Nil
|
Nil, subject to the condition that no credit of duty paid on inputs or input services or capital goods has been availed by manufacturer of such goods
|
III.
|
Promotion of cashless transactions and promote domestic manufacturing of devices used therefor
|
|
-
|
a) Miniaturized POS card reader for m-POS (not including mobile phones or tablet computers),
b) micro ATM as per standards version 1.5.1,
c) Finger Print Reader / Scanner, and
d) Iris Scanner
|
Applicable duty
|
Nil
|
|
-
|
Parts and components for manufacture of:
a) Miniaturized POS card reader for m-POS (not including mobile phones or tablet computers),
b) Micro ATM as per standards version 1.5.1,
c) Finger Print Reader / Scanner, and
d) Iris Scanner
|
Applicable duty
|
Nil
|
Note: “Basic Excise Duty” means the excise duty set forth in the First Schedule to the Central Excise Tariff Act, 1985.
CHANGES IN RATE OF ADDITIONAL DUTY LEVIED UNDER SECTION 85 OF THE FINANCE ACT, 2005
|
|
Commodity
|
Rate of duty
|
|
|
|
From
|
To
|
A.
|
Pan Masala
|
|
-
|
Pan Masala
|
6%
|
9%
|
B.
|
Tobacco and Tobacco Products
|
|
-
|
Unmanufactured tobacco
|
4.2%
|
8.3%
|
|
-
|
Non-filter Cigarettes of length not exceeding 65mm
|
Rs.215 per thousand
|
Rs.311 per thousand
|
|
-
|
Non-filter Cigarettes of length exceeding 65mm but not exceeding 70mm
|
Rs.370 per thousand
|
Rs.541 per thousand
|
|
-
|
Filter Cigarettes of length not exceeding 65mm
|
Rs.215 per thousand
|
Rs.311 per thousand
|
|
-
|
Filter Cigarettes of length exceeding 65mm but not exceeding 70mm
|
Rs.260 per thousand
|
Rs.386 per thousand
|
|
-
|
Filter Cigarettes of length exceeding 70mm but not exceeding 75mm
|
Rs.370 per thousand
|
Rs.541 per thousand
|
|
-
|
Other Cigarettes
|
Rs.560 per thousand
|
Rs.811 per thousand
|
|
-
|
Chewing tobacco (including filter khaini)
|
6%
|
12%
|
|
-
|
Jarda scented tobacco
|
6%
|
12%
|
|
-
|
Pan Masala containing Tobacco (Gutkha)
|
6%
|
12%
|
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)
GST rate for lead and lead articles also is expected to declare once after introduction of GST this year, before September, 2017.
Also read:
Find HSN code of your product
All about GST Registration process in India
How to Export your commodity?
Learn GST easily in simple understanding
How to start an Export Business in India?
How to get Export Order?
Learn Imports and Exports online free
Financial schemes for Exporters in India
How to open Letter of Credit?
Types of Export Containers
How to Import goods to India?
What happens if proper tracking of goods not effected in export import business?
What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?
What happens, if Bank not received money from buyer after discounting of export bills?
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.
How to make DA mode of payment safe
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO
What happens, if cargo not cleared by importer
Excise duty for unwrought, lead in Indian Budget 2017-18
Any changes in Central Excise duty for lead profiles and wire as per recent Indian Budget
Present Excise taxes for lead sheets, plates, powder, foil, flakes & strip under new India Budget
Any changes in Excise duty for lead bars, rods under recent Indian Budget 2017-18
Is Central Excise duty applicable for articles of lead in India Budget
Excise tax charges payable for lead tubes & pipes inch fittings in India under recent Budget
Rate of Excise tax for import of lead scrap and waste as per Indian Budget 2017-18