Indian Union Budget 2015-16, Excise duty changes under chapter 85, ELECTRICAL MACHINERY PARTS, TELECOMMUNICATIONS EQUIP, SOUND RECORDERS, TELEVISION RECORDERS

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 Online export import training guide

 

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 Excise duty changes as per budget 2015-16 under HS code Chapter 85 ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS

 

FINISH 1As per Indian Budget 2015-16, the following excise import duty changes have been declared under import of ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS.

Please find below the extract of government notification:

“1) Excise duty on mobile handsets including cellular phone is being changed from 1% without CENVAT credit or 6% with CENVAT credit to 1% without CENVAT credit or 12.5% with CENVAT credit. S.No.263A of notification No.12/2012-Central Excise, dated 17th March, 2012  Notification No.12 of 2012-Central Excise, dated 17th March, 2012.pdf as amended by notification No.12/2015-Central Excise dated 1st March, 2015 Central excise Notification No. 12 of 2015-CE, dt. 01-03-2015.pdf and Clause 104 of the Finance Bill, 2015 refer. NCCD of 1% on mobile handsets including cellular phone, remains unchanged.

2) Excise duty is being reduced from 12% to 6% on wafers for use in the manufacture of IC modules for smart cards, subject to actual user condition. Notification No.12/2012-Central Excise, dated 17th March, 2012  Notification No.12 of 2012-Central Excise, dated 17th March, 2012.pdf as amended vide notification No.12/2015-Central Excise dated 1st March, 2015 Central excise Notification No. 12 of 2015-CE, dt. 01-03-2015.pdf [new S. No. 145A] refers.

3) Excise duty is being reduced from 12% to 6% on all inputs for use in manufacture of LED driver and MCPCB for LED lights and Fixtures & LED Lamps, subject to actual user conditin. Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended vide notification No.12/2015-Central Excise dated 1st March, 2015 [new S. No. 321B] refers.

4) RSP based assessment is being prescribed expressly for LED lights or fixtures including LED lamps (Chapter 85 or 94) with an abatement of 35%. S.No.101 of notification No.49/2008-Central Excise (N.T.), dated 24th December, 2008 as amended vide notification No.3/2015-Central Excise (N.T.), dated 1st March, 2015 and Clause 103 of the Finance Bill, 2015 refer.”

 

 

Do you wish to comment about the above changes in  import excise duty for  ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS under Indian Budget 2015-16

Discuss your views about the above changes of import excise duty for ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS.

 

The above information is a part of Import Export course online


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

 

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Comments


CHETAN1992 @ GMAIL .COM: EXCISE CHANGES FOR LED DRIVER

JUSTIN: NOW AM WORKING UAE NXT MONTH AM GOING TO VACATION TO KERALA COCHIN SO AM PLANING ONE 42" LED CARRYING BUT MY QUESTION IS HOW MUCH AM PAY TO CUSTOMS DUTY FOR 42" LED ? PLS GIVE ME ANSWER.

Shikha: How much import duty would I have to pay on 48" samsung HDTV which costs 600$ here in US. I am coming from US to delhi airport

Rahul Saboo: I wish to start an import business in electrical items especially led lights, strips,led bulbs etc. Please tell me the various duties applicable and the registrations required for the same

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