Import tariff changes for aircraft, spacecraft,aircraftparts,spacecraft parts under HS code88 as per new Indian budget
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 tariff 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, changes in import customs tax tariff, chapter wise

Indian Budget  Excise duty tariff changes, chapter wise

Changes in Service Tax as per Budget


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 tools and tool kits for maintenance, repair, and overhauling of aircraft are being exempted. Further, the procedure for availment of the customs duties exemption under S.No.448 of notification No.12/2012-Customs, dated 17.03.2012 is being simplified. Moreover, the restriction of one year for utilization of duty free parts [as also the testing equipment, tools and tool kits] for maintenance, repair and overhaul of aircraft is being done away with. S.No.448 and Condition No.73 of notification No.12/2012-Customs, dated 17.03.2012 as amended by notification No. 12/2016-Customs, dated 1st March, 2016 refers.

 

2) S.No.448 of notification No.12/2012-Customs, dated 17.03.2012 prescribes Nil CVD. There is a corresponding excise duty exemption under S.No. 305 of notification No.12/2012-Central Excise, dated 17.03.2012. S.No.448 of notification No.12/2012-Customs is amended so as to remove CVD exemption prescribed therein. CVD exemption, however, will flow from the excise duty exemption under S.No. 305 of notification No.12/2012-Central Excise, dated 17.03.2012. S.No.448 of notification No.12/2012-Customs, dated 17.03.2012 as amended by notification No. 12/2016-Customs, dated 1st March, 2016 refers.



 

3) The existing condition of stay of foreign aircraft, for maintenance repair and overhaul, upto 60 days is being relaxed, so as to provide for stay up to 6 months of the foreign aircraft for maintenance, repair or overhaul, which can be further extended by DGCA?s as deemed fit. Such aircrafts are also being allowed to carry passengers in the flights at the beginning and end of the stay period in India, but not during the stay period for maintenance, repair or overhaul, servicing. New S.No.448A and Condition No.73A of notification No.12/2012-Customs, dated 17.03.2012 as inserted by notification No. 12/2016-Customs, dated 1st March, 2016 refers.

 

4) Notification No. 72/94-Customs dated 01.03.1994 provides for import of repaired or overhauled parts of aircraft under exchange / advance exchange as per Standard Exchange Scheme. This notification is being superceded by notification No. 23/2016 – Customs dated 1st March, 2016 so as to provide also for import of air craft parts for repair or overhaul and for export of repaired or overhauled parts of aircraft under said scheme.  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

 

Rules to export Part of Aircraft and parts of Spacecraft (under chapter 88 of HS Code )

How to import Aircraft, Aircraft parts, spacecraft, Spacecraft parts etc. (Goods under Chapter 88 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  balloons & dirigibles, gliders in Indian Budget 2016-17

Rate of duty for import of aircraft, powered, spacecraft & launch vehicles under Indian Budget

Any changes in import duty for parts of balloons etc, aircraft, spacecraft as per recent Indian Budget

Present import taxes for parts of balloons as per new India Budget

Is import duty applicable for  parachutes in India Budget

Import duty charges payable for aircraft launch gear, deck-arrest, grd flying trainers in India as per recent Budget

 

Import tax tariff changes for coated, covered or laminated textile fabric as per Indian Union Budget 2016-17 

Govt tariff changes for import of tufted fabrics, special woven fabrics, lace embroidery as per Budget 2016-17 

Import tax tariff changes for carpet and other floor coverings as per Indian Union Budget 2016-17 

Import tariff changes for twine, wadding,cordage, rope and cables under HS code 56 as per new Indian budget 

Duty tariff changes for import of man made staple fibers as per latest Indian Budget 2016-17 

Government tax tariff changes for import of man made filaments,inclusive of yarn & woven under Indian Budget 2016-17 

Import tariff changes for vegetable textile fibres and yarns and woven under HScode 53 as per new Indian budget 

Duty tariff changes for import of cotton woven fabric as per latest Indian Budget 2016-17 

Import tax tariff changes for wool, animal hair, woven fabric as per Indian Union Budget 2016-17 

Import tariff changes for silk, silk yarn, woven fabric under HS code 50 as per new Indian budget 

Duty tariff changes for import of newspapers, printed books, manuscripts, pictures as per latest Indian Budget 2016-17 

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 

 

 

 

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