Budget 2016-17, changes in Import customs duty, excise and service tax Posted on 03 May 2018 Category : Indian Budget 2016-17 Budget 2016-17, changes in Import customs duty, excise and service tax Customs duty tariff rate changes as per Indian Budget 2017-18 Central Excise Duty changes as per Indian Budget 2017-18 Service Tax rate Changes under Indian Budget 2017-18 (Updating soon after Budget 2017-18 on 1st February,2017 under text format and pdf format) Click here for latest update on Export assistance schemes in India 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 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 Click here for latest update on Export assistance schemes in India 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 Service Tax changes for DUGKY as per Indian Budget 2016-17 Income tax benefits to securitization trusts including trusts of ARCs as per Budget 2016-17 Indian Budget 2016-17, benefits to researchers for patent Indian Budget 2016-17, benefits to start up companies Income tax exemptions for small and medium enterprises MSME To Boost use of refrigerated containers, FM proposed to reduce the basic custom,Indian budget 2016 - 17 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? Procedure and Documentation for Filing Claim of Marine Insurance. 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. Import General Manifest (IGM) Importance of Bill of Lading Introduction to this web site. Is Airway bill a documents of title? Is Customs House Agents (CHA ) required to be appointed mandatory? 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. Is DP terms of payment safe in export business? Is Letter of Credit LC safe for an Importer? Is ON BOARD CERTIFICATE required for LC negotiation Who can inspect import cargo in US Who decides shipping carrier on FOB shipments Who gets benefits from this website? Who is a ‘Manufacturer’ of excisable goods Who is a prime banker to check authenticity of letter of credit? 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Why need Certificate of Origin Why prefer exports? How many types of imports in India. Types of bills of Entry in India 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) 4 Conditions when applying for refund of Input Tax Credit (ITC) under GST Difference between types of goods and services and types of GST 4 types of Goods and Services in India for GST rate Difference between IGST on International goods and IGST on domestic goods. How is IGST calculated under Imports? How is IGST rate on imports treated? GST and e-Commerce Business, FAQ Definition of E-Commerce under GST TDS under GST, Frequently Asked Questions Click here to know GST rate on Goods and Services GST Exemption list of goods and services Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? Learn exports imports free of cost Revised GST rate on Cocoa powder Revised GST rate on Chocolates and other food preparations containing cocoa Revised GST rate on Malt extract Revised GST rate on Waffles and wafers coated with chocolate Diminished GST rates on Statues and other ornamental articles Reduced GST rate on Bells, gongs, mirrors of base metal under HSN 8306 Reduced GST rate on Worked ivory, bone, horn, animal carving material etc Minimized GST rate on Computer monitors upto 20” Union territory tax (Rate) Notification No. 44 of 2017 DT 14th November, 2017, GST Integrated Tax (Rate) Notification No. 47 of 2017 DT 14th November, 2017, GST Central Tax Notification No 44 of 2017 dt 13th October, 2017 under GST CUSTOMS Notification No. 89 of 2017 dt 24th November, 2017 Central Tax (Rate) Notification No 38 of 2017 dt 13th October, 2017 under GST Does CVD exists under project imports? Baggage clearance after GST implementation Refund of SAD paid on imports How to claim ITC under imports? Procedures to claim Drawback after GST implantation How to claim IGST refund on exports? Comments nazarudheen.cp: On 26 February 2016 Sir I want the dutty tax detail of all inches led tv's A K Radhakrishnan: On 29 February 2016 Changes in customs / Excise tariff for paper and paperboards ITC HS 48 Pankaj Patil : On 29 February 2016 Sir, We are manufacturing of Paper cup and paper leaf and paper sheet under ch.H. 48 Please guide the excise duty change. S.Ravivarma: On 29 February 2016 how much percentage of import duty for raw cashewnuts effect from S.Ravivarma: On 29 February 2016 how much percentage of import duty for raw cashewnuts effect from Sanjib Kumar Boro: On 29 February 2016 Excise and Service Tax jebaraj: On 29 February 2016 i got gift from shop of bahrain lg 49" smart tv if i want to take india means i want to pay any tax are not please replay me. kuldip singh: On 29 February 2016 I want to know about exice duty tax for 20" to 42" LED Dr Prasad Patgaonkar: On 29 February 2016 Sir, I would like to know the import custom duty on surgical instruments to be purchased? Anish: On 02 March 2016 customs duty for 32inch led tv ? SUSHIL TAORI: On 02 March 2016 how much percentage of import duty for raw cashewnuts effect from Maulik Patel: On 03 March 2016 what is import duty on copy paper under HS code-48 RAVI PRABHAKAR: On 03 March 2016 What is the actual effect on import duty on apparel from SAARC countries and non-Saarc countries. baiju: On 04 March 2016 I have 49 in led smart tv how much charge duty Rajesh: On 08 March 2016 Sir, I would like to know the present excise duty on HDPE & PP bags for cement & fertilizer plants. Ashok Kond : On 18 April 2016 I am Ashok Kond reading your articles for getting any information of the export or import. Currently I am working with a company where now, they want to take Customs Duty Refund which we are paying at the time of import of goods. i. e. We have paid 10% customs duty for imported goods & we have already getting benefit of 2% duty drawback. But, our Director sir wants to take those 8% duty also as refund. So, my query is, "Can we take those 8% refund on customs duty paid for the imported goods & what are the documents required for the same". H V Prahlad : On 18 April 2016 while I am looking at information on importing prefabricated house/cabins which are assembled on steel structural frames and walls with sandwich boards. The source is from Alibaba.com. I am looking at this for my farm which is remote is extremely difficult to find construction labour and transporting materials. Before I proceed I wanted to understand implications in terms of Customs duty and countervailing duties Syed Akailvi: On 18 April 2016 Please provide complete information on the following points. I am an expatriate working in Saudi Arabia from quite some time and planning to return in May 2016. I have the following items that I am planning to get them to India. 1. SAMSUNG HD/3D Smart Tv 55" used for 4 years. 2. Cooking range medium is use since 25 years. 3. Singer Sewing Machine used for 10 years. 4. Microwave in use since 10 years. 5. Excersise cycle in use since last 4 years. Other household items and clothes. Please let me know the expected customs duty on these items. As I heard now the Government of India has raised the free baggage allowance to Rs. 5,00,000/-. What other items can be brought under free allowance. I would be highly obliged if can guide me. Muniappan Angamuthu : On 20 April 2016 i am sathish from atchaya exports. my father is the proprietor of this company started in the year 1999.he export many products like betel leaves, flowers and other goods,, right now we are not exporting .we plan to import refurbished mobile phones , full kit with imei number to sell in india please tell me the steps after importing.. the refurbished mobile phones how to clear customs , and the average duty , and the certification soorajbhasi7@gmail.com: On 20 April 2016 I am Soorajbhasi Bhasi from Kerala currently working at Bahrain in IT field. Next month I am coming to Kerala for a short vacation. I wish to bring a 43 inch LCD TV to India. I know we had to pay 36% tax last year as customs duty fee. Now I heard a news that there is much reduction in customs duty for bringing TVs from outside India. Can please advise what is the customs duty fee to bring 40/42/43 inch LED TV to India from Bahrain VA LJGRACE : On 20 April 2016 I WANT FOLLOWING INFORMATION: A.DRIED RED CHILLIES - IS IMPORT PERMITTED. B.COUNTRY OF ORIGIN - CHINA. C.ANY PRIOR PERMISSION OR IMPORT LICENCE IS REQUIRED, IF SO FROM WHICH DEPARTMENT. D.CUSTOM DUTY AND OTHER TAX PAYABLE IN CUSTOMS. ANY OTHER FORMALITIES. kabira kamil : On 20 April 2016 My name is Abhay and I'm writing this in regards to few questions that I have related to the assessment value of certain goods that we are looking to import. We are trying to purchase Cashew Nuts from africa at a very low price and I have been trying to understand the base at which the import tax would be charged, upon going through articles and based on some other research, I'm under the impression that the assessment value of the goods is 1% -cif on which import duty would be calculated but there are few things that have been nagging me for quite while, the matter of fact that the Cashew nuts are relatively lower to the standard rate of the product in our country and as the assessment is to be done by a govt officer, please help me in understanding how would the assessment value be calculated. Ananthamurthy: On 20 April 2016 We are an Electronics Industry accredited with ACP status engaged in contract manufacturing activity of assembly of various Electronic components and produce populated printed circuit boards used in various Electronic applications. We are regularly importing from USA, Germany, China, France, Australia, UK, Netherlands, Singapore and various other countries 1.How to prepare our export documents ? 2.How to make payment to our USA supplier. 3.What documents we have to submit to our Bankers for remitting money to USA supplier in the absence of Bill of entry copies. 4.On the other hand How to account the foreign exchange received from our customer in Hong kong in eh absence of Shipping bill copy. Pl. share advise THIYYAGURA SUDHEERKUMAR REDDY : On 20 April 2016 I want to know more about the Duty Credit Scrip under the MEIS scheme, for to the export of Extra Neutral Alcohol (ENA).Kindly please provide me the information for the above. Sarfraz : On 21 April 2016 Sir I want the dutty tax detail of all inches led tv's vinay Birari: On 30 April 2016 Dear Sir, we are trader want to import some prepacked goods into INDIA and sell it to the customer through distributor network . as per notification 102/2007 traders has to pay all duties at the time of import and claim ACD / SAD refund , secondly if the product is under Legal meteorology act we can import under MRP and pay duty after abatement & No ACD is leviable now my question is suppose our product is not under MRP and it is not sold in retail market but it is prepacked goods and we are not changing any form of the goods and sell it as it is can we apply to Govt. and get the permission to include under MRP so that we can avail abatement benefit and avoid 4% ACD refund ? we are register company having VAT registration and pay VAT every month to the govt. since ACD is in place of VAT can we get the benefit of not paying ACD while import of trading goods since we are paying VAT regularly? if yes what is procedure ? awaiting your reply Thanking you, Parveen Kumar : On 08 August 2016 Pls confirm duty structure of Tariff 85331000 Cezary : On 16 August 2016 I would like to send office furniture to India. Can you tell me who should pay the duty and taxes at the customs? Is it me or the receiver of goods? chamila liyanage : On 17 August 2016 please advise me if any one import Dry Clove to india from sri Lanka 1 what is the import duty rate ( all ), 2 need any import license ( for 1st import )?, 3 need get any certificate in india or Sri lanka for Dry Clove? N.Murali: On 08 September 2016 I would like to know the HS Code, Customs Tariff code and Customs Duty particulars for: 1) Fermented Wheat Flour 2) Fermented Maize Corn Flour The above products are used as Food Ingredients in Bakery Industry. These products are not found in the Customs Tariff of India. Please guide us. N.Murali Prakash Bhai: On 12 November 2016 I want to Import All Kinds Of Footwear from China to Inida. May I know how much is the Total Import Duty , Bifurcation wise in Break-Ups Ayush Ahlawat: On 07 February 2017 One of my friend want to send me a gift may b a laptop or a mobile so I want to know how much duty I have to pay for it..?? NADEEM: On 07 May 2017 Dear Sir, could you please send me the custome duty charges for LG LED MONITOR 20 INCH. Thanks with regards, M.A.Nadeem ravindra shukla: On 21 July 2017 My friend coming on tour from Americaa to India how much currency and few electronic and golden ornaments along with few more as a gift irom he/she brought and what custom duty would be