Indian Union Budget 2016-17, changes in excise duty for electrical machinery, television , electrical parts,telecommunication equipments

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) Basic Excise Duty on 5 specified parts required for the manufacture of centrifugal pump is being reduced from 12.5% to 6%, subject to actual user condition. Notification No. 12/2012- Central Excise, dated 17th March, 2012 as amended by Notification No. 12/2016-Central Excise dated 1st March, 2016 [New S. No. 235A] refers.

2) Accessories of goods falling under tariff item 8426 41 00, heading 8427, 8429 and subheading 8430 10 are being included for the purposes of RSP based assessment of excise duty. S. No. 109 of Notification No.49/2008-Central Excise (N.T.), dated 24th December, 2008 as amended vide notification No. 12/2016-Central Excise (N.T.), dated 1st March, 2016 and Clause 142 (i) of the Finance Bill, 2016 refer. The Third Schedule to the Central Excise Act, 1944 is also being amended so as to include therein these accessories. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this change will come into force with immediate effect.

3) Wrist wearable devices (commonly known as „smart watches?) [8517 62] are being notified for the purposes of RSP basedassessment of excise duty with an abatement of 35%. Notification No. 49/2008-Central Excise (N.T.), dated 21.12.2008, as amended by notification No. 12/2016-Central Excise (N.T.) dated 1st March, 2016 [new S. No. 87A] refers. The Third Schedule to the Central Excise Act, 1944 is also being amended so as to include therein such wrist wearable devices (commonly known as „smart watches?). 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.

4) Excise duty exemption is being withdrawn on charger/adapter, battery and wired headsets/speakers for use in manufacture of mobile handsets including cellular phones. S. No. 272 of Notification No. 12/2012-Central Excise, dated 17th March, 2012 as amended by notification No. 12/2016-Central Excise dated 1st March, 2016 refers.

5) Excise duty of „2% without CENVAT credit / 12.5% with CENVAT credit? is being prescribed for charger/adapter, battery and wired headsets/speakers, for manufacture of mobile handsets including cellular phone, subject to actual user condition. Notification No. 12/2012-Central Excise, dated 17th March, 2012 as amended by notification No.12/2016- Central Excise dated 1st March, 2016 [new S.Nos.263B, 263D, 263F, 263H] refers.

6) Further, excise duty is being exempted on inputs and parts for use in manufacture of charger/adapter, battery and wired headsets/speakers of mobile handsets including cellular phone. Excise duty is also being exempted on inputs and sub-parts for use in manufacture of 28 parts of charger/adapter, battery and wired headsets/speaker of mobile handsets including cellular phone. These exemptions are subject to actual user condition. Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended vide notification No.12/2016-Central Excise dated 1st March, 2016 [new S. Nos.263C, 263E, 263G, 263I] refers.

7) Excise duty of „4% without CENVAT credit / 12.5% with CENVAT credit? is being prescribed for the following Consumer Premise Equipments (CPEs). (i) Routers [ tariff item 8517 69 30] (ii) Broadband Modems [tariff item 8517 62 30] (iii) Set-top boxes for gaining access to internet [tariff item 8517 69 60] (iv) Reception apparatus for television but not designed to incorporate a video display[tariff item 8528 71 00] (v) Digital Video Recorder (DVR)/Network Video Recorder (NVR) [tariff item 8521 90 90] (vi) CCTV Camera/IP Camera [tariff item 8525 80 20] (vii) Lithium-ion batteries, other than those for mobile handsets including cellular phones [tariff item 8507 60 00] Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended by notification No.12/2016-Central Excise dated 1st March, 2016 [new S.Nos.262A, 263J, 263L, 263N, 263P, 263R, 263T] refer.

8) Further, excise duty is being exempted on parts, components and accessories for use in manufacture of Routers, broadband Modems, Set-top boxes for gaining access to internet, set top boxes for TV, digital video recorder (DVR) / network video recorder (NVR), CCTV camera / IP camera, lithium ion battery [other than those for mobile handsets]. Further, Excise Duty is also being exempted on sub-parts for use in manufacture of parts, components and accessories of the aforesaid Consumer Premise Equipments. These exemptions are subject to actual user condition. Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended vide notification No.12/2016-Central Excise dated 1st March, 2016 [new S. Nos.262B, 263K, 263M, 263O, 263Q, 263S, 263U] refer     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

 

 

Indian Union Budget 2016-17 changes in import duty for vegetable plaiting materials as per HS code 14

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Import tax tariff changes for travel goods leather articles, saddler and harness, handbag as per Indian Union Budget 2016-17

Import tax tariff changes for spoon, tools,implements,cutlery forks as per Indian Union Budget 2016-17

 

Tips to exporters to export Electrical machinery, television, parts etc.(under chapter 85 of HS Code )

 Procedures to import Electrical machinery, Electrical equipments, Electrical parts, telecommunications equipments, sound recorders, television recorders etc. (Goods under Chapter 85 of HTS code)

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Import Government notification on excise tax for  electrical parts of machinery in Indian Budget 2016-17

Rate of Government notification on excise duty for import of insulating fittings for assembly under Indian Budget

Any changes in import Government notification on excise duty for electrical insulators of any material as per recent Indian Budget

Present import Government notification on excise taxes for carbon electrodes & brushes, lamp carbons as per new India Budget

Is import Government notification on excise duty applicable for  insulated wire, cable etc, opt sheath fib cables in India Budget

Import Government notification on excise duty charges payable for electrical mach etc, with ind functions in India as per recent Budget

Import Government notification on excise tax to be paid for electronic integrated circuits & microassembl in India  under  new Budget 2016-17

Percentage of import Government notification on excise duty for thermionic, cold cathode or photocathode tubes in Indian Budget

Import Government notification on excise tax charges for electric motors and generators as per recent India Budget

Import Government notification on excise duty charges for electric signal, safety or traffic control equip under Budget 2016-17

Import Government notification on excise tax for electric generating sets and rotary converters x in Indian Budget 2016-17

Rate of Government notification on excise duty for import of parts of electric motors, generators & sets under Indian Budget

Any changes in import Government notification on excise duty for electromagnets, permanent magnets as per recent Indian Budget

Present import Government notification on excise taxes for turntables, record & cassette players as per new India Budget

Is import Government notification on excise duty applicable for  electric storage batteries, incl separators, parts in India Budget

Import Government notification on excise duty charges payable for electric, laser or other light or photon beam in India as per recent Budget

Import Government notification on excise tax to be paid for parts for elec appar etc of head in India  under  new Budget 2016-17

 


Comments


sabapathi.c: Please inform me about revision of Excise duty if any towards Earthing brush of electrical item.This information is useful fr to procure the item in the market please.

MAYA KARPE: what is excuse duty rate of pen parts & pens?

bhaskar: how to take excise duty on Table fan spares purchase price on 100% duty or MRP on 65% ?

VIKAS KUMAR: sir, i want to know tariff head of electronic rickshaw(battery rickshaw) applicable in januarary-2017, and its rate of duty along with exemption notification no.

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