Tobacco tax goes upto 10-15%, 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 

Indian Union Budget 2016-17, Budget speech pdf .  Click here to read

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

 

As per the Indian Budget 2016-17 tobacco tax hikes to 10% to 15%,

 

To discourage consumption of tobacco and tobacco products, the budget propose to increase the excise duties on various tobacco products other than beedi by about 10 to 15%.

 

 

(updating details of Indian budget 2016-2017 soon)

 

 

 

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 

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  

Budget changes in excise duty for miscellaneous edible preparation as per HS code 21

Indian Union Budget 2016-17, changes in excise duty for beverages, spirits and vinegar as per HS code 22

Indian Union Budget changes in excise duty for animal fees and food industry residues as per HS code 23

Indian Union Budget 2016-17, changes in excise duty for tobacco and manufactured tobacco substitutes as per HS code 24

Budget changes in excise duty for salt, sulphur, earth and stone,lime and cement as per HS code 25

Changes in excise duty as per Indian Budget 2016-17 for ores, slag and ash

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

Changes in excise duty as per Indian Budget 2016-17 for inorganic chemicals, organic or inorganic compounds of precious metals as per HS code 28

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

 

Amendment of shipper details in Bill of Lading

How to surrender HBL House Bill of Lading

Surrender of Bill of Lading Some facts

How does Bill of Lading work in Sight LC

How does Bill of Lading work in DP payment terms?

Can a Bill of Lading (BL) be predated for LC negotiation?

What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?

Can shipping line predate Bill of Lading,What is the earliest date can be mentioned on Bill of Lading.

What is Said to weigh in Bill of Lading

What is Shipper Load, stow and count in Bill of Lading

What is said to contain in Bill of Lading.

Can an importer take delivery of goods without original bill of lading?

What is House BL House Bill of Lading

Can Bill of Lading (BL) be before date of Certificate of origin GSP?

What is Express Release Bill of Lading

Can Bill of Lading be surrendered at port of loading?

Transferability of Bill of Lading

What is charter party bill of lading ?

How transshipment bill of lading works?

What is Combined Bill of Lading / Multi model Bill of Lading

 Importation of salt, earth stone, lime cement           
 How to import Tobacco and Tobacco Substitutes   
 Tips to importers of Prepared Animal Fodder
 How many types of shipping bills in export
 How to add Line number in Import General Manifest in Custom in India
 Import General Manifest (IGM)
 Why prefer exports?
How does a Running bond work?
 How does Bill of Lading work in DP payment terms?
Types of Export Containers   
Dimension of Cargo Containers
Difference between general dry cargo container and Tank Container
 How to import Vinegar,Beverages
 Foreign Trade Policy 2014-19 (FTP 2014-19) delayed
 Method to import Organic chemicals           
 How to import Perfumery, toilet preparations, oils   
Procedures to Import Clocks, Watches        
 Why, best attention while preparing Export Invoice?
Why to insure export goods?
What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
What is THC - Terminal Handling Charges
What is the difference between BAF and CAF
What is Tail Gate exam hold in US import clearance
How to make DA mode of payment safe
How to make delay in delivery of Shipment?  
What is Provisional Assessment in Import formalities in India?

What is said to contain in Bill of Lading.
What is Manifest Hold by US customs on import
What is MET exam in US import customs clearance
What is legalization of documents by embassy?
 What is LET EXPORT order in export trade?
What is Line number in IGM
 What does ECGC do on default of payment of any overseas buyer?
Import of milk,cheese,curd, Kephir and other milk products
Importation processes of Fish and crustaceans        
How to import Meat and Edible meat offal
Bank Packing credit to exporters of Floriculture, Grapes and Other Agro-based Products
How is packing credit/pre shipment finance be liquidated?  
Bank Pre shipment Finance to exporters
Dimension details of 20’  Hard Top Container

Common tips to importers of Sugars and Sugar Confectionery       
Tips to importers of Edible preparations of fish,meat,crustaceans etc

Tips to importers of Bamboos,Rattans,Reeds,Rushes,pips,Betel leaves, Coconut shell, Rudraksha seeds           
Tips to import Gums,Resins and other vegetable saps and extracts
How to import products of OIL SEEDS, MEDICINAL PLANTS and MEDICINAL STRAW?         
DRY CARGO CONTAINERS          
Conditions of Bank to provide Export Packing Credit to Sub-Suppliers       
Packing credit pre shipment finance to suppliers for exports through other export agencies          
Bank Running Account Facility for Exporters           
Negotiation procedures and formalities of export bills
Non receipt of Cargo Arrival Notice, Can importer sue against shipping company
OBJECTIVES OF CUSTOMS CONTROL for EXPORT GOODS

OBL not released OBL not surrendered no telex release
 Payment procedures in Triangular exports
Who is Stevedores
How to import Railway Locomotives,Track Fixtures and Fittings     
Procedures to import Tin and Tin Articles     
How to import Tools, Spoons and Forks of Base Metal
 How to amend BL number in Import General Manifest (IGM)
How is assessable value calculated by customs for imports?

 How is IGM filed under high sea sale?
 Can I import explosives products,matches  
 How to import Starches, Glues, Enzymes   
 Can I import Waxes, Soaps, candles and dental waxes
 Mode of payments in international trade
OBJECTIVES OF CUSTOMS CONTROL for EXPORT GOODS
 OBL not released OBL not surrendered no telex release
 Multiple Country Textile Declaration
 Negotiation procedures and formalities of export bills
 Mode of transport under EX WORKS/FCA/CPT/CIP/DAT/DAP/DDP/FAS/FOB/CFR/CIF
 Material used for testing is eligible for Modvat
Letter of credit
 Maintain quality of goods - a prime factor in exports
Master collect House collect
 How does TT (Telegraphic Transfer) work?
Comparison between GOH container and normal dry container

Benefits of using OPEN SIDE CONTAINER           
 How to import Cotton inclusive of yarns and woven fabrics
Why does Palletization require?
Why demurrage/detention waiver period is required at destination for import
 Transferability of Bill of Lading

 


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