Indian Union Budget 2015-16, Import Excise duty changes under MISCELLANEOUS

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

 

 

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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

 

Import Excise duty changes as per budget 2015-16 under MISCELLANEOUS

 

budget31 copyAs per Indian Budget 2015-16, the following  Excise duty changes have been declared under import items falling under MISCELLANEOUS  .

Please find below the extract of government notification:

“1) Goods manufactured domestically and supplied against International Competitive Bidding are eligible for full excise duty exemption provided that such goods when imported attract Nil Basic Customs Duty and Nil CVD [S.No.336 of notification No.12/2012-Central Excise dated 17.03.2012 read with Condition No.41]. The condition is being amended so as to provide that if imported goods are eligible for Nil Basic Customs Duty and Nil CVD subject to certain conditions, then the said conditions shall also apply mutatis mutandis to such goods when manufactured domestically and supplied against International Competitive Bidding for the purposes of availing of the said excise duty exemption. Condition No.41 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 refers Central excise Notification No. 12 of 2015-CE, dt. 01-03-2015.pdf .

2) S. No. 337 of Notification No. 12/2012-Central Excise dated 17-3-2012 provided Nil excise duty on goods for setting up of Ultra Mega Power Project specified in List No. 10 of the said Notification. In case of goods for a Project for which certificate regarding Ultra Mega Power Project status is provisional, the exemption is subject inter alia to condition that the Chief Executive Officer of the Project furnishes a bank guarantee or fixed deposit receipt for a term of 36 months or more. This condition is being amended to prescribe furnishing of bank guarantee or fixed deposit receipts for a period of 42 months. Condition No. 42(b) of Notification No.12/2012- Central Excise, dated 17th March, 2012 as amended by notification No.12/2015-Central Excise, dated 1st March, 2015 refers.

3) S. No. 338 of Notification No. 12/2012-Central Excise dated17-3-2012 provided Nil excise duty on goods for setting up of Mega Power Project specified in List No. 11 of the said Notification. In case of goods for a Project for which certificate regarding Mega Power Project status is provisional, the exemption is subject inter alia to condition that the Chief Executive Officer of the Project furnishes a bank guarantee or fixed deposit receipt for a term of 36 months or more. This condition is being amended to prescribe furnishing of bank guarantee or fixed deposit receipts for a period of 66 months. Condition No. 43(b) 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 refers.” Central excise Notification No. 12 of 2015-CE, dt. 01-03-2015.pdf .

 

 

Do you wish to comment about the above changes in  import excise duty for import of items falling under MISCELLANEOUS In  Indian Union Budget 2015-16

Discuss your views about the above changes of excise import duty for MISCELLANEOUS.

Click here to read more:  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

 

 

The above information is a part of Import Export course online


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