Ease of doing business in indian budget 2015-16

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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

(Updating soon after Budget 2017-18 on 1st February,2017 under text format and pdf format)

udget 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 


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

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

Service Tax Changes as per Indian Union Budget 2015-16 


Ease of doing business – Minimum Government Maximum Governance

Simplification of tax procedures.

Monetary limit for a case to be heard by a single member bench of ITAT increase from

` 5 lakh to `15 lakh.

Penalty provision in indirect taxes are being rationalised to encourage compliance and

early dispute resolution.

Central excise/Service tax assesses to be allowed to use digitally signed invoices and

maintain record electronically.11

Wealth-tax replaced with additional surcharge of 2 per cent on super rich with a taxable

income of over `1 crore annually.

Provision of indirect transfers in the Income-tax Act suitably cleaned up.

Applicability of indirect transfer provisions to dividends paid by foreign companies to

their shareholders to be addressed through a clarificatory circular.

Domestic transfer pricing threshold limit increased from `5 crore to ` 20 crore.

MAT rationalised for FIIs and members of an AOP.

Tax Administration Reform Commission (TARC) recommendations to be appropriately

implemented during the course of the year.

Education cess and the Secondary and Higher education cess to be subsumed in Central

Excise Duty.

Specific rates of central excise duty in case of certain other commodities revised.

Excise levy on cigarettes and the compounded levy scheme applicable to pan masala,

gutkha and other tobacco products also changed.

Excise duty on footwear with leather uppers and having retail price of more than `1000

per pair reduced to 6%.



Online central excise and service tax registration to be done in two working days.

Time limit for taking CENVAT credit on inputs and input services increased from 6

months to 1 year.

Service-tax plus education cesses increased from 12.36% to 14% to facilitate transition

to GST.

Donation made to National Fund for Control of Drug Abuse (NFCDA) to be eligible

for 100% deduction u/s 80G of Income-tax Act.

Seized cash can be adjusted towards assessees tax liability.

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The above information is a part of Export Import Training course online

Also read;
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
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Dispute settlement in international business

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