India Budget 2016-17, changes in excise duty for vehicles and parts other than railway or tramway rolling stock as per HS code 87

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 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,

 

1) The validity period of concessional excise duty of 6% granted to specified goods for the use in the manufacture of electrically operated vehicles and hybrid vehicles is being extended without time limit. First proviso to notification No. 12/2012-Central Excise, as omitted by notification No. 12/2016 dated 1st March, 2016 refers.

2) The description “Engine for HV (Atkinson cycle)” appearing in S. No. 297 of notification No. 12/2012-Central Excise is being changed to “Engine for xEV (hybrid electric vehicle)”. Notification No. 12/2012-Central Excise as amended by notification No. 12/2016-Central Excise, dated 1st March, 2016 refers.

3) An Infrastructure Cess, as a duty of excise, is being imposed on motor vehicles falling under heading 8703. Clause 159 read with the Eleventh Schedule of the Finance Bill, 2016 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this Cess will come into force with immediate effect. The effective rates of the Infrastructure Cess are being prescribed vide notification No. 1/2016-Infrastructure Cess dated 1st March, 2016, as under:

a) Nil on : i. Three wheeled vehicles, ii. Electrically operated vehicles, iii. Hybrid vehicles, iv. Hydrogen vehicles based on fuel cell technology, v. Motor vehicles which after clearance have been registered for use solely as taxi (subject to prescribed conditions), vi. Cars for physically handicapped persons(subject to prescribed conditions), and vii. Motor vehicles cleared as ambulances or registered for use solely as ambulance(subject to prescribed conditions);

b) 1% on Petrol/LPG/CNG driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1200cc;

c) 2.5% on Diesel driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1500cc;

d) 4% on all categories of motor vehicles other than those listed at (a), (b) and (c) above; Further, the Cenvat Credit Rules are being amended to provide that CENVAT credit cannot be utilised for payment of this Infrastructure Cess. Further, no credit of this Cess would be available under the Cenvat Credit Rules, 2004. Notification No.13/2016-Central Excise (N.T.) dated 01.03.2016 refers.

 

 

4) Accessories of certain vehicles falling under Chapter 87 are being included for RSP based assessment. S. No. 108 of Notification No.49/2008-Central Excise (N.T.), dated 24th December, 2008 as amended vide notification No.16/2016-Central Excise (N.T.), dated 1st March, 2016 refers. Third Schedule to the Central Excise Act, 1944 is also being amended so as to include therein such accessories. Clause 142(i) of the Finance Bill, 2016 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this change will come into force with immediate effect.   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

 

 

Formalities to export Vehicles and parts other than railway or tramway rolling stock (under chapter 87 of HS Code )

Rules to import goods other than railway or tramway rolling stock (Goods under Chapter 87 of HTS code)

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Comments


Manaf Abdul : Could you please inform import duty on following items to be imported to make electric vehicles in India? Power train system include controller for motor controller, DC/DC steering pump controller, air pump controller, high voltage cabinet, complete bus controller, motor, driving operating switch, accelerator pedal assembly, electric steering pump and motor, all-in-one air pump and motor, charge connector assembly, water pump, brake pedal, electric cooling only air-conditioner (max.cooling capacity13000Kcal/h)

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