Domestic incentives in addition to Make In India campaign, Indian Budget 2016-17
Monday, January 30, 2017     Category : Indian Budget 2016-17

 

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)


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


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

 

As per Indian budget 2016-17,

 

Customs and excise duty structure plays an important role in incentivizing domestic value addition towards Make in India campaign of our Government. In line with that, the budget propose to make suitable changes in customs and excise duty rates on certain inputs, raw materials, intermediaries and components and certain other goods and simplify procedures, so as to reduce costs and improve competitiveness of domestic industry in sectors like Information technology hardware, capital goods, defense  production, textiles, mineral fuels & mineral oils, chemicals & petrochemicals, paper, paperboard & newsprint, Maintenance repair and overhauling [MRO] of aircrafts and ship repair etc.

 

 

 

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

 

1% increase on cess on CNG and PETROL cars, Indian budget 2016-17

 

Tobacco products except beedi goes on hike, Indian Budget 2016-17

 

Budget 2016-17, 9 categories of Tax reforms introduced

 

Latest Indian budget changes for import of clocks, watches and parts

 

Import tax tariff changes for vehicles and parts other than railway or tramway as per Indian Union Budget 2016-17

 

Duty tariff changes for import of antiques, work of art collectors peices as per latest Indian Budget 2016-17

 

Latest Indian budget changes for import of miscellaneous manufactured articles as per HS code 96

 

Import duty changes for toys, games and sports equipments under HS code 95 as per Indian Budget 2016-17

 

Exemption of excise duty on non manufacturers of goods for installation of cold storage

 

Exemption on goods financed by UN and Intl agency extends to sub contractors

 

Area based excise duty exemption presently available to the North Eastern States

 

BED and NCCD on pan masala, tobacco products, crude petroleum, mobile phones and motor vehicles

 

Clarification to Department of Scientific and Industrial Research (DSIR)

 

Customs duty exemption clarification for aircraft engines and parts

 

 

 

OLP and PTCR for manufacture of refrigerator compressor exemption clarification

 

clarification on exemption of Liquefied Natural Gas (LNG) for SEZ

 

Exemption of Excise duty of BCD and CVD on power project

 

No refund of SAD under notification No.102/2007-Customs dated 14.09.2007

 

Tax changes for specified goods imported for petroleum exploration under Indian Budget 2016-17

 

Direct imports by Government will attract customs duties

 

Exemption for disposable sterilized dialyzer and micro barrier of artificial kidney

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

State wise address to obtain COO non preferential

List of All India Agencies to issue COO non preferential

LIST OF AGENCIES AUTHORISED TO ISSUE CERTIFICATES OF ORIGIN- NON PREFERENTIAL ALL INDIA ORGANISATIONS

How to get Certificate of Origin non preferential in Uttar Pradesh/Uttarakhand?

Office to contact in Tripura for Certificates of origin non preferential

How to get Certificate of Origin non preferential in Punjab?

How to get Certificate of Origin non preferential in Manipur?

Office to contact in Kerala for Certificates of origin non preferential

Guidelines to close an EOU, EHTP or STP units Part 2

Office to contact in Delhi for Certificates of origin non preferential

All India organizations to issue Certificates of origin non preferential

Who issues Certificate of origin for SAPTA and APTA agreements?

How to claim CST against supply to EOU, EHTP and STP

How to get End User Certificate

E BRC, Electronic Bank Realization Certificate

Procedures to apply online with DGFT offices

How to get GSP certificate of origin in India?

Packing credit pre shipment finance to suppliers for exports through other export agencies

Bank Running Account Facility for Exporters

How is packing credit/pre shipment finance be liquidated?

Bank Pre shipment Finance to exporters

What is crystallization of export bills? How does delinking of export bills work?

How to get Packing Credit Finance sanctioned?

CENTRAL EXCISE CLEARANCE PROCEDURES for Export in India Part 1

How does CENVAT Credit work?

2 CENTRAL EXCISE CLEARANCE OPTIONS for Exports in India

Procedure for Central Excise Clearance Under Claim of Rebate

Difference between shipping bill and GR

When does exporter get EP copy of shipping bill after customs clearance

Offices to obtain RCMC

How to set up an export import firm in India Part 1

Office to contact Phytosanitary inspection in India

How to re-construct EP copy of shipping bill

Difference between let export order and pass out

Material used for testing is eligible for Modvat

Declaration required for exports of woven garments

Drawback declaration form for Exporters in India

MSDS Material Safety Data Sheet

SDF declaration form APPENDIX I

GR waiver form for goods under free trade samples

GR waiver form for goods under REPAIR AND RETURN

Quota Charge Statement

Single country declaration

DEPB DECLARATION APPENDIX - II (ANNEXURE D)

DEEC Declaration

Amendment and Conversion of Shipping Bills in India - extract of notification 36/2010

 

 

 

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