Import customs duty changes under Chapter 85 of HS code, INDIAN BUDGET 2015-16

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 with text format and pdf format)

 

 

The information provided here is part of Export Import Training course online

 

Update on 29th February 2016, 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

 

 

Import Customs duty changes as per budget 2015-16 under HS code Chapter (ITC) 85.

 

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budget 29 copyUnder  Indian Budget 2015-16, the following customs import duty changes have been declared under import of  Electrical machinery ,sound recorders and reproducers , television image and sound recorders and parts .

Please find below the extract of government notification:

“1) Basic Custom Duty is being exempted on High Density Polyethylene (HDPE) for manufacture of telecommunication grade optical fibres or optical fibre cables. Item-11 of List-5 of notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs, dated 1st March, 2015 refers.

2) Basic Custom Duty is being reduced from 10% to 7.5% on Water Blocking Tape, Ethylene–propylene–non-conjugated diene rubber (EPDM) and Mica glass tape for use in the manufacture of insulated wires and cables (except sub-heading 8544 11), subject to actual user condition. Notification No.12/2012-Customs, dated 17th March, 2012 Click here to read Notification No.12/2012 Customs, dated 17th March, 2012 as amended by notification No.10/2015-Customs, dated 1st March, 2015 [new S.Nos.247A-247C] refers.Click here to read notification No.10/2015-Customs, dated 1st March, 2015 - notification No 10 of 2015-Customs, dated 1st March, 2015.pdf

3) Basic Custom Duty is being reduced from 10% to 7.5% on metal parts for use in manufacture of electrical insulators, subject to actual user condition. Notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs, dated 1st March, 2015 [new S.No.334B] refers.

4) Concessional Basic Custom Duty of 5% is being extended to AEC (Active Energy Controller) for manufacture of Renewable Power System (RPS) inverters, subject to certification by Ministry of New and Renewable Energy [MNRE]. Notification No.12/2012-

Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs, dated 1st March, 2015 [new S.No.424A and Condition No. 46] refers.

5) Basic Custom Duty is being reduced from 10% to Nil on Digital Still Image Video Cameras capable of recording video with minimum resolution of 800x600 pixels, at minimum 23 frames per second, for at least 30 minutes in a single sequence, using the maximum storage (including the expanded) capacity. Notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs, dated 1st March, 2015 [new S.No.428A] refers. Basic Custom Duty is also being also reduced from 5% to Nil on parts and components for use in the manufacture of such Digital Cameras. S.No.429 of notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No. 10/2015-Customs, dated 1st March, 2015 refers.

6) Basic Custom Duty is being reduced on Organic LED (OLED) TV panels from 10% to Nil. S.No.432 of notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs, dated 1st March, 2015 refers.

7) Basic Custom Duty is being exempted on Black Light Unit Module also for manufacture of LCD/LED TV panels, subject to actual user condition. S.No.432B of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.10/2015-Customs, dated 1st March, 2015 refers.

8) Basic Custom Duty is being reduced from 5% to Nil on magnetron (upto 1 KW) used for the manufacture of domestic microwave oven. S. No. 433 of notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs, dated 1st March, 2015 refers.

9) Special Additional Duty (SAD) is being exempted on all goods [except populated PCBs] for use in the manufacture of ITA bound goods covered by Notification Nos. 25/1998-Customs dated 2nd June, 1998, 24/2005-Customs dated 1st March, 2005, 25/2005-Customs dated 1st March, 2005, subject to actual user condition. Notification No.21/2012-Customs, dated 17th March, 2012 as amended vide notification No.11/2015-Customs, dated 1st March, 2015 [new S.No. 14D] refers.

10) Special Additional Duty (SAD) is being exempted on all inputs for use in the manufacture of LED driver and MCPCB for LED lights and Fixtures & LED Lamps, subject to actual user condition. Notification No.21/2012-Customs, dated 17th March, 2012 Click here to read Notification No.12/2012 Customs, dated 17th March, 2012 as amended vide notification No.11/2015-Customs, dated 1st March, 2015 [new S.No.14F] refers.”Click here to read notification No.10/2015-Customs, dated 1st March, 2015 - notification No 10 of 2015-Customs, dated 1st March, 2015.pdf

 

 


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


Click here to read more:

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

Central Excise Duty Changes, chapter wise 

Service Tax Changes as per Indian Union Budget 2015-16

 

Do you wish to comment about the above changes in  import customs duty for Electrical machinery ,sound recorders and reproducers , television image and sound recorders and parts under Indian Budget 2015-16

Learn Exports and Imports free  Click here to read.

 

Also read;


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GST registration guidelines

Indian GST Laws

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Comments


Faiz Parkar: I am going on my vacation fr Dubai. I want to take 32 inchLCD. Plse advise if I have to pay Amy duty on this

samuel menzel: I wish to take a 47inch 2year old LCD TV from Dubai to Bangalore in April 2015. What is the customs duty I need to pay?

Vivek Gupta: Hi, I am planning to import a 40 inch led tv from USA in mid april. The tv will cost around 30k. Will i have to pay any duty on this. Can anyone please share the exact duty policy when importing a led tv. Thanks in advance.

Babar: Hello Everyone...I m Going on Vacation to my Home, I want take My LED(Samsung)32" tv.. So Plz any one advice me. about Coustom Charge how much is cost ? plz

gaurang Thathagar: Myself with my family are on Europe Tour. We would like to bring 2 pieces of 32 inch led TV to India in the July month. How much import customs duty is to be paid at Mumbai's airport.

gaurang Thathagar: Myself with my family are on Europe Tour. We would like to bring 2 pieces of 32 inch led TV to India in the July month. How much import customs duty is to be paid at Mumbai's airport.

Murali Burra: Iam planing to import 40inch led tv from dubai to hydrabad this october.this tv will cost arround 1300aed.will have to pay any duty this.if charge means how much cost? Plz

Deepak : I want to import parts and pcb boards of cctv may you please tell me how much custom duty has to pay

MilindSB: respected sir, i need full details ( with related notifications ) of customs and central excise duty benefit towards the solar power generation project . also let me know the procedure for registration of power projects in customs. regards

bhupendra singh: sir, i want buy a power amplifier at rs 30000 from USA .. how many money i paid import duty and Tex ??? reply me soon

Bipin : I am going on my vacation fr Dubai. I want to take 48" LED TV. Please advise if I have to pay Amy duty on this.

suma ghosal: I am interested to buy Induction Cooktop (cooker)from japan through e-commers(online shopping) Price is 9300 yen.Any body can adviceor suggest me how much money i have to pay import and custom duties in india?

Sarfaraz Ahmed: I am going on my vacation fr Dubai. I want to take 42 inchLCD. Plse advise if I have to pay Amy duty on this.this tv will cost arround 1300aed.will have to pay any duty this.if charge means how much cost? Plz

murtaza: Iam planing to import 40inch led tv from dubai to Jaipur this September.this tv will cost arround 1300aed.will have to pay any duty this.if charge means how much cost? Plz

agrawal: i am planning to bring my 4 months old LED 32" samsung to delhi in november, can anyone tell me the customs i have to pay at IGI, delhi

kamaljit: Pls tell me costom on SONYBRAVIA 40"LED TV. In Delhi .

Customs Advisery Board: Dear all, No charge on OLED TV's brought to India customs if the size of the product is less than 72 inches.

mohaideen: I am going on my vacation from dubai to chennai . I want to take 55 inch LG LED Smart tv. Plse advise if I have to pay Amy duty on this.this tv will cost arround 3000aed.how much charge mean i should pay

MANU JACOB: Pls tell me the custom duty of importing a Samsung 50"LED TV to india.

Eswara : Dear Sir I am going to travel to India shortly. I am planning to take an 32" LED TV costing AED.499/-. Please advice if any duty is applicable. Regards Eswara

Bobby Boparai: sir pls tell my brother plans to get 32" or 40" hd led tv from dubai how much duty is their...i heard it's 35% now..urgent n thanks a ton Sir. Regards Bobby

NARENDER REDHAL: BASIC CUSTOMS duty on CTH 8503021 WAS 7.5% WITH OUT ANY NOTIFICATION BUT AS ON TODAY IT IS 10%.PL CLEAR IS IT CHANGED OR IS ANY NOTIFICATION IS APPLICABLE FOR 7.5 % DUTY

Raja : My brother planing take 55'' tv from UAE to Mumbai pls can you tell what would be the custom duty in India at the airport

Saiprasad Heranjal: Dear Sir, Please let us know if there is any Customs Notification on Exemption of custom duty on imports of DC motors and controllers for e-axle kit / assembly.

Tushar: Dear Sir, I would be traveling from Saudi Arabia to Mumbai on 30th June 2016 shall be carrying 48" LED TV Whose cost price is 2200 SR ie. (Rs. 38,280) what shall be the Custom duty payable. What shall be the Exempted amount on Electronic Item.?

SUBU: I want to purchase sony 43" Smart LED TV from saudi arabia to India. Please let me know what will be the import Duty charges at Airport in India.

Girijan PS: I am Girijan who is working in Qatar for the last 2 years. I have planned to purchase a Telivision and take it to my home at kochi. I planned to purchase 43 inch LED Tv, HDMI, ( atest LG Tv in the market). I would like to know , whether i have to pay duty for the telivision of 43 inches upto which size of telivision has no duty what will be charge of 43 inches or 45 inches or 50 inch telivision, Cochin airport.

Srikanth: I am Srikanth, Can you give me the customs duty for the above mentioned TV of Samsung /LG/ Sony?

yogesh: My brother planing takehome inverter from shanghai to Mumbai pls can you tell what would be the custom duty in India at the airport and inverter prize in indian rupee 1500 so how much rupee coustom duty take it by mumbai air port?

Ashokkumar: dear sir, please advise me the procedure for clearing shipments under MNRE scheme. i need bond format to be given to customs when we clear shipment under this scheme. -- Thanks & Regards

jay patel: HELLO SIR/MADEM I HAVE NEED TO COUSTAM DUTY OF DUBAI OF ELECTRICALS WIRE & CABLES HS CODE 85446020 THANK YOU

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