Reduces rate of refrigerated containers, Indian Budget 2016-17
Monday, October 24, 2016     Category : Indian Budget 2016-17

 

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 

 

Reduces rate of refrigerated containers, Indian Budget 2016-17

 

To promote use of refrigerated containers, I propose to reduce the basic custom and excise duty on them to 5% and 6% respectively.

 

 

 

 

1 per cent service charge on purchase of luxury cars over Rs. 10 lakh, Indian Budget 2016-17 

September 30 to be the deadline followed for undisclosed income, Indian Budget 2016-17 

1% CESS on petrol cars and 2.5% CESS on diesel cars, Union Budget 2016-17 

4% High Capacity Tax on SUV'S , Indian budget 2016-17. 

No change in Income tax slabs, Indian Budget 2016-17 

Additional levy of 1% on luxury cars, Indian Budget 2016-17 

200% penalty on misreporting income, Union Budget 2016-17 

EXCISE DUTY of 1% UP on JEWELRIES, Indian budget 2016-17 

Tobacco tax goes up to 10-15%, Indian Budget 2016-17 

1% increase on cess on CNG and PETROL cars, Indian budget 2016-17 

Tobacco products except beedi goes on hike, Indian Budget 2016-17 

Budget 2016-17, 9 categories of Tax reforms introduced 

Latest Indian budget changes for import of clocks, watches and parts 

Import tax tariff changes for vehicles and parts other than railway or tramway as per Indian Union Budget 2016-17 

Duty tariff changes for import of antiques, work of art collectors peices as per latest Indian Budget 2016-17 

Latest Indian budget changes for import of miscellaneous manufactured articles as per HS code 96 

Import duty changes for toys, games and sports equipments under HS code 95 as per Indian Budget 2016-17 

Import tariff changes for furniture,lamps and lighting fittings,nameplates & the like under HS code 94 as per new Indian budget 

 Government tax tariff changes for import of arms and ammunition under Indian Budget 2016-17 

Import tax tariff changes for musical instruments and parts as per Indian Union Budget 2016-17 

Duty tariff changes for import of medical or surgical instruments and apparatus, optical, photographic parts and accessories as per latest Indian Budget 2016-17 

Latest Indian budget changes for import of boats, ships, floating structures as per HS code 89 

Import tariff changes for aircraft, spacecraft, aircraft parts, spacecraft parts under HS code88 as per new Indian budget 

Govt tariff changes for import of railway or tramway locomotive, traffic signaling equipments, track fixtures and fittings as per Budget 2016-17 

Exemption of excise duty on non manufacturers of goods for installation of cold storage 

Exemption on goods financed by UN and Intl agency extends to sub contractors 

Area based excise duty exemption presently available to the North Eastern States 

BED and NCCD on pan masala, tobacco products, crude petroleum, mobile phones and motor vehicles 

Clarification to Department of Scientific and Industrial Research (DSIR) 

Customs duty exemption clarification for aircraft engines and parts 

OLP and PTCR for manufacture of refrigerator compressor exemption clarification 

clarification on exemption of Liquefied Natural Gas (LNG) for SEZ 

Exemption of Excise duty of BCD and CVD on power project 

How to import your goods?

Click here to know India Trade Classification(ITC)
Different types of Containers

How to export your product?

Click here to know HTS (Harmonized Tariff System) code of your product

What are the risks and solutions in Export Business?
Service Tax - Click here to read complete notification under Budget 2014
What is Bank post shipment credit to exporters?
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

What is post shipment credit to exporters?

Bank financial benefits to Exporters

How does Letter of Credit work?





 

 What happens, once Bill of Entry for Imports files?

 

 What is ‘Combined Bill of Lading’

 

How to obtain a duplicate BL, if original bill of lading lost.

 

How to obtain GSP - Certificate of Origin?

 

How to obtain Phyto sanitary certificate. What is phytosanitary certification

 

 How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

 

What is ‘Late BL release charges’

 

What is ATA carnet and how ATA carnet works?

 

What is Bank Guarantee to customs in Import

 

What is Bond execution with customs in imports and exports

 

Transferability of Bill of Lading

 

Transhipment - A redefinition

 

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

 

Triangular export

 

 Triangular shipment

 

Types of Insurance Documents.

 

What is Brand Rate in Duty Drawback

 

What is BVQI inspection on export goods?

 

What is charter party bill of lading ?

 

 What is CIF terms of delivery in Exports and Imports?

 

What is Clean on board Bill of Lading

 

What is co-loading

 

What is Commercial enforcement hold for import cargo in US

 

 What is consolidation of cargo What is LCL cargo less container load cargo

 

What is Crating in Exports and Imports

 

What is CT3 form. How to get CT3. Why CT3 required

 

What is customs bonded area in exports and imports

 

What is DDP terms in an export Import Business?

 

What is Dry Port

 

What is DTA in export import trade?

 

What is ECGC and how does ECGC protect exporters?

 

What is EPCG How EPCG works in Export Import trade?

 

What is Ex-factory terms in Imports and Exports





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