Indian Union Budget 2015-16, Import customs duty changes under Chapter 87,VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK

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)



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,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


Learn Exports and Imports free  Click here to read.

 

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 Customs duty changes as per budget 2015-16 under HS code Chapter 87,VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK

 

budget10 copyAs per Indian Budget 2015-16, the following customs import duty changes have been declared under import of VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK

Indian Union Budget 2015-16, Import customs duty changes under Chapter 87,VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK


“1) Tariff rate of BCD on import of vehicles falling under headings 8702 or 8704 (commercial vehicles) is being increased from 10% to 40%. Clause 89 of the Finance Bill 2015 refers. By

virtue of the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. An effective BCD rate of 10% is being prescribed on vehicles falling under headings 8702 or 8704 (commercial vehicles) when imported in a Completely Knocked Down (CKD) kit. All such vehicles when imported in any other form will attract BCD of 20%. Notification No.12/2012-Customs, dated 17th March, 2012 Click here to read Notification No.12/2012 Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs dated 1st March, 2015 [new S. No 436A] refers Click here to read notification No.10/2015-Customs, dated 1st March, 2015 - notification No 10 of 2015-Customs, dated 1st March, 2015.pdf. However, electrically operated vehicles including in CKD condition, for transport of persons falling under heading 8702 would continue to attract 10% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended vide notification No.10/2015-Customs dated 1st March, 2015 [new S. No. 436B] refers.

2) The validity period of exemption granted to specified goods for use in the manufacture of hybrid and electrically operated vehicles is being extended by one more year up to 31st March, 2016. Clauses (g) and (h) of proviso to notification No. 12/2012-Customs, Click here to read Notification No.12/2012 Customs, dated 17th March, 2012 as amended by notification No. 10/2015-Customs, dated the 1st March 2015 refers.”Click here to read notification No.10/2015-Customs, dated 1st March, 2015 - notification No 10 of 2015-Customs, dated 1st March, 2015.pdf

 

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

 

Do you wish to comment about the above changes in  import customs duty for  VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK under Indian Budget 2015-16

Discuss your views about the above changes of import duty for VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK.

 

 

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Comments


Manash Sardar : I am manashsardar. I am persuring M.B.A. I came to know about you from "how to export import. Com" I intent to start export import business. But I can't start due to lack of knowledge & finance. Can you plz help me regarding that. How to start export import business? What's are procedure are involved it? What are the custom duty impact? How to select products? How to prepare documentation?

pannuraj: Sir i am importing car from germany to india car is audi a4 diesel 2007 model can you tell estimated custom duty on car

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