Indian Union Budget 2017-18, import Customs tariff changes for slag, ash and ores
Customs Duty Changes under new Budget 2019-20, click here
Indian Budget 2017-18 is remarkable, as GST is being implemented before September, 2017. Indian Budget 2017-18 is presented along with Railway Budget. The details about changes in import customs duty for slag, ash and ores as per Budget 2017-18 is given under:
Changes or customs rates as per Budget 2017-18 under this HSN Code list:
1)
|
The Second Schedule (Export Tariff) to the Customs Tariff Act, 1975 is being amended so as
|
|
to prescribe a tariff rate of export duty of 30% for all goods falling under tariff item 2606 00
|
|
90, namely, ‘Other aluminium ores and concentrates’. Clause 110 of the Finance Bill, 2017
|
|
refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this
|
|
change will come into force with immediate effect.
|
2)
|
Export duty is being imposed at an effective rate of 15% on ‘Other aluminium ores, including
|
|
laterite’ falling under tariff item 2606 00 90. However, goods other than the said goods
|
|
falling under tariff item 2606 00 90 (concentrates) will continue to attract Nil export duty.
|
|
S.No.24E and S.No.24F of notification No. 27/2011-Customs, dated 1st March, 2011 as
|
|
amended by notification No.3/2017-Customs, dated the 2nd February, 2017 refers.
|
Click here to read government notification on changes of import duty tariff rate under Indian Budget 2017-18, HSN code chapter wise.
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
Customs Duty Changes under Indian Budget 2017-18
Indirect Taxes
I. PROPOSALS INVOLVING CHANGE IN DUTY / TAX RATES:
CUSTOMS:
|
|
Commodity
|
Rate of Duty
|
|
|
|
From
|
To
|
I.
|
Incentivizing domestic value addition, ‘Make in India’
|
A.
|
Reduction in Customs duty on inputs and raw materials to reduce costs
|
|
|
Mineral fuels and Mineral oils
|
|
|
|
-
|
Liquefied Natural Gas
|
BCD – 5%
|
BCD – 2.5%
|
|
|
Chemicals & Petrochemicals
|
|
|
|
-
|
Medium Quality Terephthalic Acid (MTA) & Qualified Terephthalic Acid (QTA)
|
BCD – 7.5%
|
BCD – 5%
|
|
|
Metals
|
|
|
|
-
|
Nickel
|
BCD – 2.5%
|
BCD – Nil
|
|
|
Finished Leather
|
|
|
|
-
|
Vegetable tanning extracts, namely, Wattle extract and Myrobalan fruit extract
|
BCD – 7.5%
|
BCD – 2.5%
|
|
|
Capital Goods
|
|
|
|
-
|
Ball screws, linear motion guides and CNC systems for use in the manufacture of CNC machine tools, subject to actual user condition
|
Ball screws and liner motion guides
BCD – 7.5%
CNC systems
BCD – 10%
|
BCD – 2.5%
|
|
|
Renewable Energy
|
|
|
|
-
|
All items of machinery required for fuel cell based power generating systems to be set up in the country or for demonstration purposes, subject to certain specified conditions
|
BCD – 10% /7.5%
CVD – 12.5%
|
BCD – 5%
CVD – 6%
|
|
-
|
All items of machinery required for balance of systems operating on biogas/ bio-methane/ by-product hydrogen, subject to certain specified conditions
|
BCD – 10% /7.5%
CVD – 12.5%
|
BCD – 5%
CVD – 6%
|
|
|
Miscellaneous
|
|
|
|
-
|
All parts for use in the manufacture of LED lights or fixtures, including LED lamps, subject to actual user condition
|
Applicable BCD, CVD
|
BCD – 5%
CVD – 6%
|
|
-
|
All inputs for use in the manufacture of LED Driver and MCPCB for LED lights or fixtures, including LED lamps, subject to actual user condition
|
Applicable BCD
|
5%
|
B.
|
Changes in Customs and Excise / CV duty to address the problem of duty inversions in certain sectors
|
|
|
Chemicals & Petrochemicals
|
|
|
|
-
|
o-Xylene
|
BCD – 2.5%
|
BCD – Nil
|
|
-
|
2-Ethyl Anthraquinone [2914 69 90] for use in manufacture of hydrogen peroxide, subject to actual user condition
|
BCD – 7.5%
|
BCD – 2.5%
|
|
-
|
Vinyl Polyethylene Glycol (VPEG) for use in manufacture of Poly Carboxylate Ether, subject to actual user condition
|
BCD – 10%
|
BCD – 7.5%
|
|
|
Textiles
|
|
|
|
-
|
Nylon mono filament yarn for use in monofilament long line system for Tuna fishing, subject to certain specified conditions
|
BCD – 7.5%
|
BCD – 5%
|
|
|
Metals
|
|
|
|
-
|
Co-polymer coated MS tapes / stainless steel tapes for manufacture of specified telecommunication grade optical fibres or optical fibre cables, subject to actual user condition
|
BCD – Nil
|
BCD – 10%
|
|
-
|
MgO coated cold rolled steel coils [7225 19 90] for use in the manufacture of CRGO steel, subject to actual user condition
|
BCD – 10%
|
BCD – 5%
|
|
-
|
Hot Rolled Coils [7208] for use in the manufacture of welded tubes and pipes falling under heading 7305 or 7306, subject to actual user condition
|
BCD – 12.5%
|
BCD – 10%
|
|
|
Automobiles
|
|
|
|
-
|
Clay 2 Powder (Alumax) for use in ceramic substrate for catalytic convertors, subject to actual user conditon
|
BCD – 7.5%
|
BCD – 5%
|
|
|
Renewable Energy
|
|
|
|
-
|
Solar tempered glass for use in the manufacture of solar cells/panels/modules
|
BCD – 5%
|
BCD – Nil
|
|
-
|
Parts/raw materials for use in the manufacture of solar tempered glass for use in solar photovoltaic cells/modules, solar power generating equipment or systems, flat plate solar collector, solar photovoltaic module and panel for water pumping and other applications, subject to actual user condition
|
CVD – 12.5%
|
CVD – 6%
|
|
-
|
Resin and catalyst for use in the manufacture of cast components for Wind Operated Energy Generators [WOEG], subject to actual user condition
|
BCD – 7.5%
CVD – 12.5%
SAD – 4%
|
BCD – 5%
CVD – Nil
SAD – Nil
|
|
|
Miscellaneous
|
|
|
|
-
|
Membrane Sheet and Tricot / Spacer for use in the manufacture of RO membrane element for household type filters, subject to actual user condition
|
CVD – 12.5%
|
CVD – 6%
|
C.
|
Changes in Customs duty to provide adequate protection to domestic industry
|
|
|
Food Processing
|
|
|
|
-
|
Cashew nut, roasted, salted or roasted and salted
|
BCD – 30%
|
BCD – 45%
|
|
|
Electronics / Hardware
|
|
|
|
-
|
Populated Printed Circuit Boards (PCBs) for use in the manufacture of mobile phones, subject to actual user condition
|
SAD – Nil
|
SAD – 2%
|
|
|
Miscellaneous
|
|
|
|
-
|
RO membrane element for household type filters
|
BCD – 7.5%
|
BCD – 10%
|
D.
|
Promotion of cashless transactions and promote domestic manufacturing of devices used therefor
|
|
-
|
a) Miniaturized POS card reader for m-POS (not including mobile phones or tablet computer),
b) Micro ATM as per standards version 1.5.1,
c) Finger Print Reader / Scanner, and
d) Iris Scanner
|
Applicable BCD, CVD SAD
|
BCD – Nil
CVD – Nil
SAD – Nil
|
|
-
|
Parts and components for manufacture of:
a) miniaturized POS card reader for m-POS (not including mobile phones or tablet computer),
b) micro ATM as per standards version 1.5.1,
c) Finger Print Reader / Scanner, and
d) Iris Scanner
|
Applicable BCD, CVD SAD
|
BCD – Nil
CVD – Nil
SAD – Nil
|
II.
|
Imposition of export duty to conserve domestic resources
|
|
-
|
Other aluminium ores, including laterite
|
Nil
|
15%
|
III.
|
Improving ease of doing business and Export Promotion
|
|
-
|
De-minimis customs duties exemption limit for goods imported through parcels, packets and letters
|
Duty payable not exceeding Rs.100 per consignment
|
CIF value not exceeding Rs.1000 per consignment
|
|
-
|
Limit of duty free import of eligible items for manufacture of leather footwear or synthetic footwear or other leather products for use in the manufacture of said goods for export
|
3% of FOB value of said goods exported during the preceding financial year
|
5% of FOB value of said goods exported during the preceding financial year
|
IV.
|
Anti-avoidance measure
|
|
-
|
Silver medallion, silver coins, having silver content not below 99.9%, semi-manufactured form of silver and articles of silver
|
CVD – Nil
|
CVD – 12.5%
|
Note: (a) “Basic Customs Duty” means the customs duty levied under the Customs Act, 1962.
(b) “CVD” means the Additional Duty of Customs levied under sub-section (1) of section 3 of the Customs Tariff Act, 1975.
(c) “SAD” means the Special Additional Duty of Customs levied under sub-section (5) of section 3 of the Customs Tariff Act, 1975.
(d) “Export duty” means duty of Customs leviable on goods specified in the Second Schedule to the Customs Tariff Act, 1975.
GST rate for slag, ash and ores also is expected to declare once after introduction of GST this year, before September, 2017.
Also read:
Find HSN code of your product
All about GST Registration process in India
How to Export your commodity?
Learn GST easily in simple understanding
How to start an Export Business in India?
How to get Export Order?
Learn Imports and Exports online free
Financial schemes for Exporters in India
How to open Letter of Credit?
Types of Export Containers
How to Import goods to India?
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
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 Express Release Bill of Lading
What is FIRC in export import business
What is first check assessment procedures in import customs clearance
What is FOB price in Exports and Imports and how it works
Is import Customs duty applicable for cobalt ores and concentrates in India Budget
Customs import duty charges payable for aluminum ores and concentrates in India as per recent Budget
Import Customs tax to be paid for lead ores and concentrates in India under new Budget 2017-18
Percentage of Customs import duty for zinc ores and concentrates in Indian Budget
Import Customs tax charges for tin ores and concentrates as per recent India Budget
Customs import duty charges for chromium ores and concentrates under Budget 2017-18
Rate of Customs duty for import of tungsten ores and concentrates under Indian Budget
Any changes in Customs import duty for uranium or thorium ores and concentrates as per recent Indian Budget
Present import Customs taxes for molybdenum ores and concentrates as per new India Budget
Import Customs duty charges for slag, dross, scalings & other waste from manu iron, steel under Budget 2017-18
Import Customs tax charges for ash & residues (not from iron etc mfr) with metal cont as per recent India Budget
Import Customs duty charges for ash and slag not elsewhere mentioned, including seaweed ash (kelp) under Budget 2017-18
Is Customs import duty applicable for titanium ores and concentrates in India Budget
Import Customs duty charges payable for niobium, tantalum, vanadium & zirconium ore & conc in India as per recent Budget
Import Customs tax for iron ores & concentrates, including roast pyrites in Indian Budget 2017-18
Rate of Customs duty for import of manganese ores & concentrates inc mangnfrs iron ores under Indian Budget
Any changes in Customs import duty for copper ores and concentrates as per recent Indian Budget
Present import Customs taxes for nickel ores and concentrates as per new India Budget
Import Customs tax to be paid for precious metal ores and concentrates in India under new Budget 2017-18
Percentage of import Customs duty for ores and concentrates not elsewhere mentioned in Indian Budget
Import Customs tax charges for granulated slag from iron or steel manufacture as per recent India Budget