Income tax benefits to securitization trusts including trusts of ARCs as per 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


Income tax benefits to securitization trusts including trusts of ARCs as per Budget 2016-17


In order to get more investment in Asset Reconstruction Companies (ARCs) which play a very important role in resolution of bad debts, I

propose to provide complete pass through of income-tax to securitization trusts including trusts of ARCs. The income will be taxed in the hands of the

investors instead of the trust. However, the trust will be liable to deduct tax at source.





Exemption of excise duty on non manufacturers of goods for installation of cold storage 


Exemption on goods financed by UN and Intl agency extends to sub contractors 


Area based excise duty exemption presently available to the North Eastern States 


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 


Tax changes for specified goods imported for petroleum exploration under Indian Budget 2016-17 


Direct imports by Government will attract customs duties 


Exemption for disposable sterilized dialyzer and micro barrier of artificial kidney 


Excise duty CENVAT is being levied on articles of jewellery under Indian Budget 2016-17 


Excise duty CENVAT for readymade garments and made up articles of textiles 


Tax changes in sectors of Agriculture, rural economy and environment under Indian Budget 2016-17 


Indian Budget 2016-17 Tax proposals for Pensioners 


Domestic incentives in addition to Make In India campaign, Indian Budget 2016-17 


Nil duty for Braille paper as per Budget 2016-17 


Reduces rate of refrigerated containers, Indian Budget 2016-17 


Exemption of ST for General Insurance services, Indian Budget 2016-17 


Service Tax changes for DUGKY as per Indian Budget 2016-17 


EXCISE DUTY of 1% UP on JEWELRIES, Indian budget 2016-17 


Tobacco tax goes up to 10-15%, Indian Budget 2016-17 


1% increase on cess on CNG and PETROL cars, Indian budget 2016-17 


Tobacco products except beedi goes on hike, Indian Budget 2016-17 


Budget 2016-17, 9 categories of Tax reforms introduced 


Latest Indian budget changes for import of clocks, watches and parts 


Import tax tariff changes for vehicles and parts other than railway or tramway as per Indian Union Budget 2016-17 


Duty tariff changes for import of antiques, work of art collectors peices as per latest Indian Budget 2016-17 


Latest Indian budget changes for import of miscellaneous manufactured articles as per HS code 96 


Import duty changes for toys, games and sports equipments under HS code 95 as per Indian Budget 2016-17 


Import tariff changes for furniture,lamps and lighting fittings,nameplates & the like under HS code 94 as per new Indian budget 


 Government tax tariff changes for import of arms and ammunition under Indian Budget 2016-17 


Import tax tariff changes for musical instruments and parts as per Indian Union Budget 2016-17 




Duty tariff changes for import of medical or surgical instruments and apparatus, optical, photographic parts and accessories as per latest Indian Budget 2016-17 


Latest Indian budget changes for import of boats, ships, floating structures as per HS code 89 


Import tariff changes for aircraft, spacecraft, aircraft parts, spacecraft parts under HS code88 as per new Indian budget 


Govt tariff changes for import of railway or tramway locomotive, traffic signaling equipments, track fixtures and fittings as per Budget 2016-17 

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