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duty Archives - All About Finance

duty

Government levied a safeguard duty on imports of Sodium Citrate, for a period of three years

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  Notification No. 04/2014-Customs (SG) New Delhi, the 31st December, 2014               Customs Tariff Act, other than the People’s Republic of China. [F.No.354/229/2014-TRU]   (Akshay Joshi) Under Secretary to the Government of India

Government Increased Basic Excise Duty on Petrol and Diesel by Rs. 2 Per Litre with effect from 2nd Jan 2015

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To Fund Infrastucture Development Programme, Government Increases Basic Excise Duty on Petrol and Diesel (Both Branded and Unbranded) by Rs. 2 Per Litre; Duties to Come into effect from 2nd January, 2015  In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during current and … Read more

Anti-dumping duty on imports of cable ties, originating in or exported from People’s Republic of China and Chinese Taipei, for a period of five years

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TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]                                                            GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   Notification No. 47/2014-Customs (ADD)   New Delhi, the 9th December, 2014                           G.S.R.       (E). – Whereas, the designated authority, vide  notification No. 15/20/2013-DGAD, dated the 17th October, 2013, published in the Gazette … Read more

Anti-dumping duty on imports of diclofenac sodium, originating in or exported from People’s Republic of China, for a period of five years

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TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]   Notification No. 44/2014-Customs (ADD)   G.S.R.           (E). – Whereas, the designated authority, vide  notification No. 15/3/2013- DGAD, dated the 9th April, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in … Read more

Notifying All Industry Rates (AIR) of Duty Drawback w.e.f. 22.11.2014

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,     New Delhi, the 17th November, 2014   No. 110 / 2014 – CUSTOMS (N.T.)   Notes and conditions:   (2)             The General Rules for the Interpretation of the First Schedule to the said Customs Tariff Act, 1975 shall mutatis mutandis apply for … Read more

Changes in Customs Duty in budget 2014-2015

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A.       No change in peak rate. It remains at rate of 10%. B.      Change in duty rates with immediate effect (from 11-7-2014) of major items are as follows: Sr. No. Chapter heading Description of goods Rate of BCD Till 10-7-2014 From 11-7-2014 1 29011000 Ethane and other goods 5.00% 2.50% 2 29012100 Ethylene … Read more

Changes in limit of duty free import as baggage in Budget 2014-2015

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There are changes in Custom Baggage Rule 1998 in Union budget 2014-2015. a.       The limit on duty free import as baggage has been enhanced with effect from 11/07/2014 as follows: 1.       Articles up to Rs.45, 000 other than personal effects can be imported by a passenger of and above 10 years provided such passenger has … Read more