Latest Indian budget changes for import of boats, ships, floating structures as per HS code 89
Monday, January 30, 2017     Category : Indian Budget 2016-17

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, changes in import customs tax tariff, chapter wise

Indian Budget  Excise duty tariff changes, chapter wise

Changes in Service Tax as per Budget


As per Indian Budget 2016-17, the extract of notification on changes of import customs duty tariff  for this chapter is given under:

 

1) The procedure for availment of exemption from Basic Customs Duty, CVD and SAD by ship repair units is being simplified, by omitting the Condition No.79 under S.No.459A of notification No.12/2012-Customs, dated 17.03.2012. Such imports will now be subject to actual used condition. S.No.459A of notification No.12/2012-Customs, dated 17.03.2012 as amended notification No. 12/2016-Customs, dated 1st March, 2016 refers.

 

2) CVD is exempted under S.No.459A of notification No.12/2012-Customs, dated 17.03.2012. This CVD exemption is being withdrawn. It will now be available by way of an excise duty exemption, under new S. No. 305A, as inserted in notification No.12/2012-Central Excisedated 17.03.2012, vide amending notification No. 12/2016-Central Excise, dated 01.03.2016.  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

 

Procedures to export Boats, Floating Structures and Ships (under chapter 89 of HS Code )

Formalities to import boats, ships and floating structures (Goods under Chapter 89 of HTS code)

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Import tax for  vessels for the transport of persons or goods

in Indian Budget 2016-17

Rate of duty for import of fishing vessels, factory ships & ships, vessels under Indian Budget

Any changes in import duty for yachts & other vessels for as per recent Indian Budget

Present import taxes for tugs and pusher craft as per new India Budget

Is import duty applicable for  light-vessels, fire-floats etc, fl docks & platforms in India Budget

Import duty charges payable for floating structures nesoi, rafts, tanks, buoys in India as per recent Budget

Import tax to be paid for vessels and floating structures for scrapping

in India  under  new Budget 2016-17

 

 

No refund of SAD under notification No.102/2007-Customs dated 14.09.2007 

Tax changes for specified goods imported for petroleum exploration under Indian Budget 2016-17 

Direct imports by Government will attract customs duties 

Exemption for disposable sterilized dialyzer and micro barrier of artificial kidney 

Excise duty CENVAT is being levied on articles of jewellery under Indian Budget 2016-17 

Excise duty CENVAT for readymade garments and made up articles of textiles 

Tax changes in sectors of Agriculture, rural economy and environment under Indian Budget 2016-17 

Indian Budget 2016-17 Tax proposals for Pensioners 

Domestic incentives in addition to Make In India campaign, Indian Budget 2016-17 

Nil duty for Braille paper as per Budget 2016-17 

Reduces rate of refrigerated containers, Indian Budget 2016-17 

Exemption of ST for General Insurance services, Indian Budget 2016-17 

Govt tariff changes for import of headgear and headgear parts as per Budget 2016-17 

Duty tariff changes for import of footwear and gaiters as per latest Indian Budget 2016-17 

Latest Indian budget changes for import of worn clothing and worn textile articles, rags 

Import tariff changes for apparel and clothing accessories not knitted or crocheted under HS code 62 as per new Indian budget 

 

 

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