Customs Import duty changes for import of umbrellas, sun umbrellas, walking-stickers, whips, riding-crops and parts under Indian Budget

Latest Indian budget changes for import of umbrellas, sun umbrellas, walking-stickers, whips, riding-crops and parts under Indian Budget 2017-18

 

Customs Import duty changes for import of umbrellas, sun umbrellasMajor 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 Customs Import tax charges for umbrellas, sun umbrellas, walking-stickers, whips, riding-crops and parts are 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 of import duty tariff rate under Indian Budget 2017-18, HSN code chapter wise.  


 

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

 

Customs Duty Changes under Indian Budget 2017-18

 

 

  Indirect Taxes

I.             PROPOSALS INVOLVING CHANGE IN DUTY / TAX RATES:

CUSTOMS:

 

   

Commodity

Rate of Duty

   

 

From

To

I.

Incentivizing domestic value addition, ‘Make in India’

A.

Reduction in Customs duty on inputs and raw materials to reduce costs

   

Mineral fuels and Mineral oils

   
 
  1.  

Liquefied Natural Gas

BCD – 5%

BCD – 2.5%

 

 

Chemicals & Petrochemicals

   
 
  1.  

Medium Quality Terephthalic Acid (MTA) & Qualified Terephthalic Acid (QTA)

BCD – 7.5%

BCD – 5%

 

 

Metals

   
 
  1.  

Nickel

BCD – 2.5%

BCD – Nil

 

 

Finished Leather

   
 
  1.  

Vegetable tanning extracts, namely, Wattle extract and Myrobalan fruit extract

BCD – 7.5%

BCD – 2.5%

 

 

Capital Goods

   
 
  1.  

Ball screws, linear motion guides and CNC systems for use in the manufacture of CNC machine tools, subject to actual user condition

Ball screws and liner motion guides

BCD – 7.5%

CNC systems

BCD – 10%

 

 

BCD – 2.5%

 

 

Renewable Energy

   
 
  1.  

All items of machinery required for fuel cell based power generating systems to be set up in the country or for demonstration purposes, subject to certain specified conditions

BCD – 10% /7.5%

 

CVD – 12.5%

BCD – 5%

 

CVD – 6%

 
  1.  

All items of machinery required for balance of systems operating on biogas/ bio-methane/ by-product hydrogen, subject to certain specified conditions

BCD – 10% /7.5%

 

CVD – 12.5%

BCD – 5%

 

CVD – 6%

 

 

Miscellaneous

   
 
  1.  

All parts for use in the manufacture of LED lights or fixtures, including LED lamps, subject to actual user condition

Applicable BCD, CVD

BCD – 5%

CVD – 6%

 
  1.  

All inputs for use in the manufacture of LED Driver and MCPCB for LED lights or fixtures, including LED lamps, subject to actual user condition

Applicable BCD

5%

B.

Changes in Customs and Excise / CV duty to address the problem of duty inversions in certain sectors

 

 

Chemicals & Petrochemicals

   
 
  1.  

o-Xylene

BCD – 2.5%

BCD – Nil

 
  1.  

2-Ethyl Anthraquinone [2914 69 90] for use in manufacture of hydrogen peroxide, subject to actual user condition

BCD – 7.5%

BCD – 2.5%

 
  1.  

Vinyl Polyethylene Glycol (VPEG) for use in manufacture of Poly Carboxylate Ether, subject to actual user condition

BCD – 10%

BCD – 7.5%

 

 

Textiles

   
 
  1.  

Nylon mono filament yarn for use in monofilament long line system for Tuna fishing, subject to certain specified conditions

BCD – 7.5%

BCD – 5%

 

 

Metals

   
 
  1.  

Co-polymer coated MS tapes / stainless steel tapes for manufacture of specified telecommunication grade optical fibres or optical fibre cables, subject to actual user condition

BCD – Nil

BCD – 10%

 
  1.  

MgO coated cold rolled steel coils [7225 19 90] for use in the manufacture of CRGO steel, subject to actual user condition

BCD – 10%

BCD – 5%

 
  1.  

Hot Rolled Coils [7208] for use in the manufacture of welded tubes and pipes falling under heading 7305 or 7306, subject to actual user condition

BCD – 12.5%

BCD – 10%

 

 

Automobiles

   
 
  1.  

Clay 2 Powder (Alumax) for use in ceramic substrate for catalytic convertors, subject to actual user conditon

BCD – 7.5%

BCD – 5%

 

 

Renewable Energy

   
 
  1.  

Solar tempered glass for use in the manufacture of solar cells/panels/modules

BCD – 5%

 

BCD – Nil

 

 
  1.  

Parts/raw materials for use in the manufacture of solar tempered glass for use in solar photovoltaic cells/modules, solar power generating equipment or systems, flat plate solar collector, solar photovoltaic module and panel for water pumping and other applications, subject to actual user condition

CVD – 12.5%

CVD – 6%

 
  1.  

Resin and catalyst for use in the manufacture of cast components for Wind Operated Energy Generators [WOEG], subject to actual user condition

BCD – 7.5%

CVD – 12.5%

SAD – 4%

BCD – 5%

CVD – Nil

SAD – Nil

 

 

Miscellaneous

   
 
  1.  

Membrane Sheet and Tricot / Spacer for use in the manufacture of RO membrane element for household type filters, subject to actual user condition

CVD – 12.5%

CVD – 6%

C.

Changes in Customs duty to provide adequate protection to domestic industry

   

Food Processing

   
 
  1.  

Cashew nut, roasted, salted or roasted and salted

BCD – 30%

BCD – 45%

 

 

Electronics / Hardware

   
 
  1.  

Populated Printed Circuit Boards (PCBs) for use in the manufacture of mobile phones, subject to actual user condition

SAD – Nil

SAD – 2%

   

Miscellaneous

   
 
  1.  

RO membrane element for household type filters

BCD – 7.5%

BCD – 10%

D.

Promotion of cashless transactions and promote domestic manufacturing of devices used therefor

 
  1.  

a)   Miniaturized POS card reader for m-POS (not including mobile phones or tablet computer),

b)  Micro ATM as per standards version 1.5.1,

c)   Finger Print Reader / Scanner, and

d)  Iris Scanner

Applicable BCD, CVD SAD

BCD – Nil

CVD – Nil

SAD – Nil

 
  1.  

Parts and components for manufacture of:

a)   miniaturized POS card reader for m-POS (not including mobile phones or tablet computer),

b)  micro ATM as per standards version 1.5.1,

c)   Finger Print Reader / Scanner, and

d)  Iris Scanner

Applicable BCD, CVD SAD

BCD – Nil

CVD – Nil

SAD – Nil

II.

Imposition of export duty to conserve domestic resources

 
  1.  

Other aluminium ores, including laterite

Nil

15%

III.

Improving ease of doing business and Export Promotion

 
  1.  

De-minimis customs duties exemption limit for goods imported through parcels, packets and letters

Duty payable not exceeding Rs.100 per consignment

CIF value not exceeding Rs.1000 per consignment

 
  1.  

Limit of duty free import of eligible items for manufacture of leather footwear or synthetic footwear or other leather products for use in the manufacture of said goods for export

3% of FOB value of said goods exported during the preceding financial year

5% of FOB value of said goods exported during the preceding financial year

IV.

Anti-avoidance measure

 
  1.  

Silver medallion, silver coins, having silver content not below 99.9%, semi-manufactured form of silver and articles of silver

CVD – Nil

CVD – 12.5%

 

Note:  (a)  “Basic Customs Duty” means the customs duty levied under the Customs Act, 1962.

              (b)  “CVD” means the Additional Duty of Customs levied under sub-section (1) of section 3 of the Customs Tariff Act, 1975.

              (c)   “SAD” means the Special Additional Duty of Customs levied under sub-section (5) of section 3 of the Customs Tariff Act, 1975.

              (d)  “Export duty” means duty of Customs leviable on goods specified in the Second Schedule to the Customs Tariff Act, 1975.

 

 

 

GST rate for umbrellas, sun umbrellas, walking-stickers, whips, riding-crops and parts 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?

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 importTransferability 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.

 

Import Customs duty for sun umbrellas & umbrellas & other umbrellas in Indian Budget 2017-18

Any changes in Customs import tax for parts for whips, walking sticks, umbrellas etc. as per recent Indian Budget 2017-18

Rate of Customs tax for import of riding-crops, walking-sticks, whips, seat-sticks under Indian Budget


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