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«Government of India Ministry of Finance Department of Revenue Tax Research Unit ***** P. K. Mohanty Joint Secretary (TRU-I) Tel: 23092687, Fax: ...»

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5) Fusible embroidery motifs or prints, anti-theft devices like labels, tags and sensors, pin bullets for packing, plastic tag bullets, metal tabs, bows, ring and slider and rings are being included in the list of items eligible to be imported duty free for manufacture of handloom made ups or cotton made ups or manmade made ups for export. S.No.284 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014Customs, dated the 11th July 2014 refers.

Chapter 53 to 70: No Change Chapter 71

1) Full exemption from Basic Customs Duty is being granted to pre-forms of precious and semi-precious stones. S.No.312A of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 refer.

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2) Basic Customs Duty on half-cut or broken diamonds is being increased from NIL to 2.5% and on cut & polished diamonds including lab-grown diamonds and colored gemstones from 2% to 2.5%. S.Nos.313, 314 and 315 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 refers.

3) The variation level and the parameter of measurement in respect of re-import of cut and polished diamonds after certification/grading from a foreign laboratory/agency are being increased as a trade facilitation measure. Henceforth, in the case of re-import of cut and polished diamonds, a variance not exceeding +_ 0.05mm in diameter for round shape diamonds and +_ 0.07mm in length and breadth for diamonds of other shapes shall be allowed. The allowable variance in weight remains unchanged. Notification No.9/2012Customs, dated 9th March, 2012 as amended by notification No.16/2014-Customs, dated 11th July, 2014 refers.

Chapter 72

1) Basic Customs Duty on stainless steel flat products (CTH 7219 and 7220) is being increased from 5% to 7.5%. S.No.334 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 refers.

Chapter 73

1) Basic Customs Duty is being reduced from 10% to 5% on forged steel rings used in the manufacture of bearings of wind operated electricity generators. Notification No.12/2012Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.335A] refers.

Chapter 74

1) Full exemption from Basic Customs Duty is being provided on flat copper wire for use in the manufacture of PV ribbons (tinned copper interconnect) for solar PV cells or modules.

Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.335B] refers.

Chapter 75 to 83: No change.

Chapter 84

1) Basic customs duty at a concessional rate of 5% is being provided on machinery, equipments, etc. required for initial setting up of compressed biogas plant (Bio-CNG).

Notification No.81/2005-Customs, dated 8th September, 2005 as amended by notification No.13/2014-Customs, dated 11th July, 2014 refers.

2) Basic customs duty and CVD on machinery, equipment, etc. required for initial setting up of solar energy production projects is being reduced to 5% and Nil respectively. Notification 8 No.1/2011-Customs, dated 6th January, 2011 as amended by notification No.14/2014Customs, dated 11th July, 2014 refers.

3) Full exemption from Special Additional Duty is being provided on parts and raw materials required for use in the manufacture of wind operated electricity generators. Notification No.21/2012-Customs, dated 17th March, 2012 as amended by notification No.21/2014Customs, dated 11th July, 2014 [new S.No.14C] refers.

Chapter 85

1) Basic Customs Duty is being reduced from 5% to 2.5% on electrolysers and their parts/spares required by caustic soda or caustic potash units and membranes and their parts/spares required by industrial plants based on membrane cell technology. The BCD on other parts (other than membranes and parts thereof) is also being reduced from 7.5% to 2.5%. S.No.417 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 refers.

2) Basic Customs Duty on LCD and LED TV panels of below 19 inches is being reduced from 10% to NIL. S.No.432 of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 refers.

3) Basic Customs Duty on colour picture tubes for manufacture of cathode ray TVs is being reduced from 10% to NIL. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.432A] refers.

4) Basic Customs Duty is being exempted on specified parts of LCD and LED panels for TVs.

Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.432B] refers.

5) Basic Customs Duty is being reduced from 7.5% to NIL on E-Book readers. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014Customs, dated 11th July, 2014 [new S.No.433A] refers.

6) Basic Customs Duty on battery waste and battery scrap is being reduced from 10% to 5%.

Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.433B] refers.





7) Basic Customs Duty on specified telecommunication products not covered under the ITA (Information Technology Agreement) is being increased from NIL to 10%. Clause 87 of the Finance (No.2) Bill, 2014 refers. Notification No.24/2005-Customs, dated 1st March, 2005 is being amended vide notification No.11/2014-Customs, dated 11th July, 2014 so as to exclude these specified tariff items, which will henceforth attract the tariff rate of basic customs duty of 10%. However, all goods required for the manufacture of the aforesaid telecommunication products would continue to enjoy the exemption from basic customs duty. Notification No.11/2014-Customs, dated 11th July, 2014 may be referred to for details.

8) Special Additional Duty (SAD) on all inputs/components used in the manufacture of Personal Computers (laptops/desktops) and tablet computers is being exempted, subject to 9 actual user condition. Notification No.21/2012-Customs, dated 17th March, 2012 as amended by notification No.21/2014-Customs, dated 11th July, 2014 refers.

9) The exemption from education cess and secondary and higher education (SHE) cess leviable on CVD is being withdrawn on certain electronic goods. Notifications No.13/2012-Customs and No.14/2012-Customs, both dated the 17th March, 2012 as amended vide notifications No.18/2014-Customs and notification No.19/2014-Customs, both dated 11th July 2014, respectively refer.

10) Full exemption from Special Additional Duty (SAD) is being provided on specified inputs (PVC sheet & Ribbon) used in the manufacture of smart cards. Notification No.21/2012Customs, dated 17th March, 2012 as amended by notification No.21/2014-Customs, dated 11th July, 2014 refers.

Chapter 86 to 88: No change Chapter 89

1) The BCD on ships imported for breaking up is being reduced from 5% to 2.5%. Sl. No.468 of notification No.12/2012-Customs, as amended by notification No.12/2014-Customs, dated the 11th July 2014 refers.

Chapter 90-98:

1) Director (Electrical) is being authorized to issue the requisite certificate to enable Delhi Metro Rail Corporation to avail of Nil BCD and Nil CVD benefits in respect of their Phase-1 and Phase-2 projects instead of Director (Rolling Stock, Electrical & Signalling) at present.

S.No.354 (condition no.40) of notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 refers.

2) CVD exemption on portable X-ray machine / system is being withdrawn. S.No.20 of notification No.39/96-Customs, dated 23rd July, 1996 as amended by notification No.20/2014-Customs, dated 11th July, 2014 and notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.490A] refer.

3) State Governments concerned are being notified as sponsoring authority for Metro Rail Projects covered under the Project Import Regulations, 1986. Notification No.23/86Customs, dated 3rd April, 1986 as amended vide notification No.25/2014-Customs, dated 11th July, 2014 refers.

Miscellaneous:

1) Full exemption from customs duty is being provided on specified HIV/AIDS drugs and diagnostic kits imported under National AIDS Control Programme (NACP) funded by the Global Fund to Fight AIDS, TB and Malaria (GFATM). Notification No.23/2014-Customs, dated the 11th July 2014 refers.

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2) Full exemption from Basic Customs Duty is being provided to goods imported by National Technical Research Organisation (NTRO). Notification No.39/96-Customs, dated 23rd July, 1996 as amended by notification No.20/2014-Customs, dated 11th July, 2014 refers.

3) Plants & Equipment imported prior to 2008 for use in projects financed by the UN or an international organization, which hitherto could not be transferred / sold / re-exported out of the project site, are now being allowed to be transferred / sold / re-exported from the project site subject to the conditions specified therein. Notification No.84/97-Customs, dated the 11th November, 1997 as amended vide notification No.22/2014-Customs, dated the 11th July 2014 refers.

4) The requirement of certification by Ministry of Road Transport (or NHAI) for availing of customs duty exemption on specified goods required for construction of roads is being done away with. Condition no.9 (c) corresponding to S.No.368 of notification No.12/2012Customs, dated the 17th March, 2012 is being omitted. Notification No.12/2014-Customs, dated the 11th July 2014 refers.

5) A provision is being made for refund of Customs duty paid at the time of import of scientific and technical instruments, apparatus, etc. by public funded and other research institutions, subject to submission of a certificate of registration from the Department of Scientific & Industrial Research (DSIR). Notification No.51/96-Customs, dated 23rd July, 1996 as amended vide notification No.24/2014-Customs, dated the 11th July 2014 refers.

Baggage Rules

1) Baggage Rules are being amended to,i) raise the free baggage allowance from Rs.35,000 to Rs.45,000.

(ii) reduce the duty free allowance of cigarettes from 200 to 100, of cigars from 50 to 25 and of tobacco from 250 gms to 125 gms.

Notification No.30/98-Customs (NT) dated 2nd June, 1998 as amended vide notification No.50/2014-Customs (NT), dated 11th July, 2014 may be referred to for details.

***** 11

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Chapter 21 -24:

1) An additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aerated waters, containing added sugar falling under chapter heading 2202 10 i.e. aerated waters [2202 10 10], lemonade [2202 10 20] and other [2202 10 90]. Clause 110 of the Finance (No.2) Bill, 2014 refers. By virtue of an entry in the Provisional Collection of Taxes Act, 1931, the levy will come into force with immediate effect.

2) Basic excise duty on cigarettes and other products of tariff heading 2402 is being increased.

Clause 105 of the Finance (No.2) Bill, 2014 may be referred to for details. There is no change in NCCD leviable under the Seventh Schedule to the Finance Act, 2001 and Additional Duty (health cess) under the Seventh Schedule to the Finance Act, 2005. Tariff items related to cigarettes of length exceeding 75 mm but not exceeding 85 mm and cigarettes of length exceeding 85 mm are being merged into a single tariff item i.e. others [2402 20 90]. Accordingly, tariff item 2402 20 60 and the entries relating thereto are being omitted from the Seventh Schedule to the Finance Act, 2001 and from the Seventh Schedule to the Finance Act, 2005. By virtue of an entry in the Provisional Collection of Taxes Act, 1931, these changes will come into force with immediate effect. The changes in total excise duty rates are summarized below.

–  –  –

chewing tobacco. Clause 105 of the Finance (No.2) Bill, 2014 and S.No.35 of notification No.12/2012-Central Excise dated 17th March, 2012 as amended vide notification No.12/2014-Central Excise dated 11th July, 2014, may be referred to for details.

These changes will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931.

Accordingly, the duty leviable under the compounded levy scheme has been modified. In this regard, notification No.42/2008-Central Excise dated 01.07.2008 as amended by notification No.16/2014-Central Excise dated 11th July, 2014, notification No.16/2010-Central Excise dated 27.02.2010 as amended by notification No.17/2014-Central Excise dated 11th July, 2014, and notification No.30/2008-Central Excise (NT) dated 01.07.2008 as amended by notification No.22/2014-Central Excise (NT) dated 11th July, 2014 may be referred to for details.

There is no change in NCCD and Health Cess rates.

Chapter 25, 26: No Change

Chapter 27-29

1) The Tenth Schedule to the Finance Act, 2010 dealing with Clean Energy Cess is being amended so as to expand the scope of purposes of levy of the said cess to include clean environment initiatives and funding research in the area of clean environment. Clause 111 of the Finance (No.2) Bill, 2014 refers. The Clean Energy cess is being increased from Rs.50 per tonne to Rs.100 per tonne. Notification No.3/2010-CE dated 22.06.2010 which prescribes the effective rate of Rs.50 per tonne is being rescinded vide notification No.20/2014-Central Excise, dated 11th July, 2014. Henceforth, the rate of Clean Energy Cess will be the tariff rate i.e. Rs.100 per tonne.

2) Excise duty on Branded Petrol is being reduced from Rs.7.50 per litre to Rs. 2.35 per litre.

S.No.70 of Notification 12/2012- Central Excise, dated 17th March, 2012 as amended vide notification No.12/2014-Central Excise dated 11th July, 2014 refers.



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