Import duty changes for imitation jewelry, pearls,precious metals, coins under HS code 71 as per Indian Budget 2016-17
Monday, October 24, 2016     Category : Indian Budget 2016-17

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

 

 

As per Indian Budget 2016-17, the extract of notification on changes of import customs duty tariff  for this chapter is given under:

1) Basic Customs duty on imitation jeweler [7113] is being increased from 10% to 15%. Clause 138 (i) of the Finance Bill 2016 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect.

2) Concessional CVD on Gold Dore bar is being increased from 8% to 8.75%. S. No 318 of Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No. 12/2016-Customs, dated the 1st March, 2016 refers.

3) Concessional CVD on Silver Dore bar is being increased from 7% to 7.75%. S .No 320 of Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12 /2016-Customs, dated the 1st March, 2016 refers.    Click here for full notification changes in Import Customs duty and excise duty under India Budget 2016-17  Import customs duty,Excise duty changes Budget 2016.pdf

 

 

Customs procedures to export imitation jewelry, pearls, precious metals, coin etc. (under chapter 71 of HS Code )

Processes to import imitation jewelry, pearls, stones, prec. metals, coins (Goods under Chapter 71 of HTS code)

Export Import Training online free
How to get Export Orders?
How to settle dispute in Exports and Imports? 

Bank financial benefits to Exporters

How does Letter of Credit work?

 

Import tax for  pearls, natural or cultured, not strung or set in Indian Budget 2016-17

Rate of duty for import of diamonds, worked or not, not mounted or set under Indian Budget

Any changes in import duty for precious nesoi & semiprec stones, not strung as per recent Indian Budget

Present import taxes for synth prec or semiprec stones etc, not strung as per new India Budget

Is import duty applicable for  dust & powder of nat or synth prec or semipr stone in India Budget

Import duty charges payable for silver (incl prec plated), unwr, semimfr or powder in India as per recent Budget

Import tax to be paid for base metals clad w silver not frth wkd than smmnfctrd in India  under  new Budget 2016-17

Percentage of import duty for gold (incl put plated), unwr, semimfr or powder in Indian Budget

Import tax charges for base metal or silver clad w gld not frtr wkd th smmnfctrd as per recent India Budget

Import duty charges for platinum, unwrought, semimfr forms or in powder fm under Budget 2016-17

Government tax to import base metal a slv a gld cld w put nt fr wkd th smnfctd

Government duty expenses to import waste & scrap of prec metal or metal clad w prec metal

Import tax for  articles of jewelry & parts, of prec metal or clad in Indian Budget 2016-17

Rate of duty for import of articles of goldsmith/silversmith wares, prec metal under Indian Budget

Any changes in import duty for articles of or clad with precious metal as per recent Indian Budget

Present import taxes for articles of natural or cut pearls, prec/semprc stones as per new India Budget

Is import duty applicable for  Imitation jewelry in India Budget

Import duty charges payable for coin in India as per recent Budget

 

Budget changes in 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

Budget changes in service tax

 What happens, once Bill of Entry for Imports files?

 What is ‘Combined Bill of Lading’

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

 How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

What is ‘Late BL release charges’

What is ATA carnet and how ATA carnet works?

What is Bank Guarantee to customs in Import

What is Bond execution with customs in imports and exports

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

 Triangular shipment

Types of Insurance Documents.

What is Brand Rate in Duty Drawback

What is BVQI inspection on export goods?

What is charter party bill of lading ?

 What is CIF terms of delivery in Exports and Imports?

What is Clean on board Bill of Lading

What is co-loading

What is Commercial enforcement hold for import cargo in US

 What is consolidation of cargo What is LCL cargo less container load cargo

What is Crating in Exports and Imports

What is CT3 form. How to get CT3. Why CT3 required

What is customs bonded area in exports and imports

What is DDP terms in an export Import Business?

What is Dry Port

What is DTA in export import trade?

What is ECGC and how does ECGC protect exporters?

What is EPCG How EPCG works in Export Import trade?

What is Ex-factory terms in Imports and Exports



Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

 Types of Insurance Documents.

What is Express Release Bill of Lading

What is FIRC in export import business

 What is first check assessment procedures in import customs clearance

What is FOB price in Exports and Imports and how it works

 What is Fumigation in Export and Import

 What is House BL

 What is ICD?

 What is IHC – Inland Haulage Charges

What is intensive exam CET exam in US import clearance

What is Inter Unit Transfer (IUT) in STP

 Is Customs House Agents (CHA ) required to be appointed mandatory?

 Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

 Is ON BOARD CERTIFICATE required for LC negotiation

What is LC Letter of Credit in export import business

What is legalization of documents by embassy?

What is LET EXPORT order in export trade?

What is Line number in IGM

 Import General Manifest (IGM)

Importance of Bill of Lading

Introduction to this web site.

 Is Airway bill a documents of title?

 Is Customs House Agents (CHA ) required to be appointed mandatory?

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

 Triangular shipment

Types of Insurance Documents.





Comments

 

Discussion Forum


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



  Your Name - required  
  Email ID will not be published - Required  
   
(Enter above code)  


 

   
Track Your Air Shipment Here 
Track Your Sea Shipment Here 
   
   
   
   
   
 
Most Recent Articles
» Help for GST Migration, a simple demo from cbec
» More Information about Migration to GST for existing tax payers in India
» PAN,Provisional ID, Migration to GST; Guidelines to existing tax payers
» Legal provisions on Migration of existing tax payers to GST
» Information to Tax payers on Migration to GST
» Migration procedures to GST, guidelines to dept officers
» GST Invoice format
» GST Invoice in India
» How to prepare GST tax Invoice?
» GST Invoice for Export purpose
  Import  |
  Export  |
  For Beginners  |
  Track Your Shipment  |
  Abbreviations  |
  Inco Terms  |
  Export India  |
  Import India  |
  Import US  |
  Export Import Terms  |
  Export incentives and benefits  |
  FAQ  |
  Bill of Lading  |
  Foreign Trade Policy 2015-20  |
  Start your own Export Import Business  |
  HS code  |
  Indian Budget 2014-15  |
  Banking (India)  |
  India Trade Classification (ITC)  |
  How to Import  |
  Containers  |
  Indian Budget 2015-16  |
  Income Tax  |
  Forms  |
  How to export  |
  Foreign Trade Policy 2014-19  |
  Freight forwarding Terms  |
  Business Terms  |
  Terms in Banking  |
  Shipping Terms  |
  Import Terms  |
  Export Terms  |
  Customs Terms  |
  Excise Terms  |
  International Business Terms  |
  Notifications  |
  GST  |
  SVB  |
  Indian Budget 2016-17  |
  Income Tax 2016-17  |
  HS Codes  |
  GST Law  |
  GST,FAQ  |
  HSN Codes for GST  |
  SAC for GST  |
  Me  |  Privacy policy  |  Terms and conditions  
Designed and Hosted by Adsin Media