Import duty changes for Chemicals or Allied Industries under 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 Import Export Training 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) 28

 

budget1 copyAs per Indian Budget 2015-16, the following customs import duty changes have been declared under import of Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals.


Please find below the extract of government notification:

“1) Basic Customs duty on sulphuric acid [2807 00 10] for the manufacture of fertilizers is being reduced from 7.5% to 5%. 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 the 1st March, 2015 [new S.No.157A]Click here to read notification No.10/2015-Customs, dated 1st March, 2015 - notification No 10 of 2015-Customs, dated 1st March, 2015.pdf

1) Basic Customs duty on isoprene [2901 24 00] is being reduced from 5% to 2.5%. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.10/2015-Customs, dated the 1st March, 2015 [S.No.173D] refers.

2) Basic Customs duty on styrene [2902 50 00], ethylene dichloride (EDC) [2903 15 00] and Vinyl Chloride Monomer (VCM) [2903 21 00] is being reduced from 2.5% to 2%. S.Nos.175, 177 and 178 Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.10/2015-Customs, dated the 1st March, 2015 refers.

3) Special Additional Duty (SAD) on styrene [2902 50 00], ethylene dichloride (EDC) [2903 15 00] and Vinyl Chloride Monomer (VCM) [2903 21 00] for use in manufacture of excisable goods is being reduced from 4% to 2%. Notification No.21/2012-Customs, dated 17th March, 2012 as amended by notification No.11/2015-Customs, dated the 1st March, 2015 [new S.Nos.45B, 45C and 45D] refers.

4) Basic Customs duty on anthraquinone [2914 61 00] is being reduced from 7.5% to 2.5%. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.10/2015-Customs, dated the 1st March, 2015 [new S.Nos.181A] refers.

5) Basic Customs duty on butyl acrylate [2916 12 10] is being reduced from 7.5% to 5%. 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 the 1st March, 2015 [new S.No.181B] 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


Click below for more details:  

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 

 

Do you wish to comment about the above changes in  import customs duty for  Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals under Indian Budget 2015-16

Discuss your views about the above changes of import duty for  Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals under Indian Budget 2015-16

 

Learn Exports and Imports free  Click here to read.

 

 

The above information is a part of Export Import Training online


Also read;


Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?


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?
12 Major risks and solutions in Imports and Exports
Dispute settlement in international business



Related posts about import export trade tutorial:


What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?      How to obtain Phyto sanitary certificate. What is phytosanitary certification      What is THC - Terminal Handling Charges     What is the difference between BAF and CAF       What is Tail Gate exam hold in US import clearance       How to make DA mode of payment safe How to make delay in delivery of Shipment?        What is Provisional Assessment in Import formalities in India?      What is said to contain in Bill of Lading.      What is Manifest Hold by US customs on import        What is MET exam in US import customs        clearance       What is legalization of documents by embassy?


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers