Indian Union Budget 2016-17, changes in excise duty for oils bituminous substances,mineral fuels and waxes

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 the Indian budget 2016-17

 

1) Oil Industries Development Cess levied on domestically produced crude oil under the Oil Industry (Development) Act, 1974 is being reduced from Rs.4500 PMT to 20% ad valorem. This change will come into force with effect from the date of assent to the Finance Bill, 2016. Till the enactment of the Finance Bill, 2016, Notification prescribing 20% effective rate of OID Cess will be issued by Ministry of Petroleum & Natural Gas.

2) The Basic Excise Duty rate on aviation turbine fuel [ATF] [2710 19 20] is being increased from 8% to 14%. However, ATF for supply to Scheduled Commuter Airlines [SCA] from the Regional Connectivity Scheme [RCS] airports shall attract 8%. The rate of 14% will operate through the tariff and the rate of 8% will operate through S. No. 77 of notification No.12/2012- Central Excise, dated 17th March, 2012 as amended by notification No.12/2016- Central Excise dated 1st March, 2016.

3) The Schedule Rate of Clean Energy Cess, levied on coal, lignite and peat, is being increased from Rs.300 per tonne to Rs.400 per tonne. Clause 232 of the Finance Bill, 2016 refers. The increase in rate of Clean Energy Cess will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. Accordingly, notification No.1/2015-Clean Energy Cess, dated 1st March, 2015 is being rescinded, vide notification No. 1/2016-Clean Energy Cess, dated 1st March, 2016 and the rate of Rs. 400 per tonne will operate through the Schedule. Further, the Clean Energy Cess is being renamed as Clean Environment Cess. This change will come into force with effect from the date of enactment of the Finance Bill, 2016.

4) Clean Energy Cess on all goods produced or extracted as per traditional and customary rights enjoyed by local tribals without any license or lease in the State of Nagaland is being fully exempted. Notification No. 5/2010-Clean energy Cess, dated 22.06.2010 as amended by notification No. 2/2016-Clean Energy Cess dated 1st March, 2016 refers.    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

 

 

How to import oils, bituminous substances, mineral fuels and waxes (Goods under Chapter 27 of HTS code)
Guidelines to export Mineral Fuels, Mineral Oils, Bituminous Substances, Mineral Waxes (under chapter 27 of HS Code )

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Import Excise tax for  coal, briquettes, ovoids etc, mfr from coalin Indian Budget 2016-17

Rate of Excise duty for import of lignite, agglomerated or not, excluding jetunder Indian Budget

Any changes in import Excise duty for peat (including peat litter), incl agglomrtdas per recent Indian Budget

Present import Excise taxes for coke etc of coal, lignite or peat, retort carbonas per new India Budget

Is import Government notification on excise duty applicable for  coal gas, water gas, prdcr gas etc, ex pet gs & othgsin India Budget

Import Government notification on excise duty charges payable for mineral tars, including reconstituted tars in India as per recent Budget

Import Government notification on excise tax to be paid for oils etc from high temp coal tar, sim aromatic etcin India  under  new Budget 2016-17

Percentage of import Government notification on excise duty for pitch & pitch coke from coal tar or other min tarsin Indian Budget

Import Government notification on excise  tax charges for crude oil from petroleum and bituminous mineralsas per recent India Budget

Import Government notification on excise  duty charges for oil (not crude) from petrol & bitum mineral etc, under Budget 2016-17

Import Excise tariff on  tax charges for petroleum gases & other gaseous hydrocarbonsas per recent India Budget

Import Excise tariff on  duty charges for petroleum jelly, mineral waxes & similar productsunder Budget 2016-17

Import Excise tariff on  tax charges for petroleum coke, petroleum bitumen & other residuesas per recent India Budget

Import Excise tariff on  duty charges for bit mixture from nat asph, nat bit, pet bit, min tar or pt under Budget 2016-17


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