Changes in Customs Duty in budget 2014-2015

by

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

5.00%

2.50%

3

29012200

Propylene

5.00%

2.50%

4

29012400

Butadiene

5.00%

2.50%

5

29024100

Ortho xylene

5.00%

2.50%

6

27111200

Propane

5.00%

2.50%

7

29051100

Methyl alcohol

7.50%

5.00%

8

27074000

Naphthelene

10.00%

5.00%

9

7219,7220

Stainless steel flat products

5.00%

7.50%

10

90

Specified HIV/AIDS drugs and

diagnostic kits important under
national AIDS control programme (NACP) funded by the Global Fund to Fight
AIDS,TB and malaria(GFATM)

10.00%

NIL

11

85287212

LCD and LED TV panels of below 19
inches

10.00%

NIL

12

8529,4016

Specified parts of LCD and LED panels
for TVs

10.00%

NIL

13

854011

Colour television picture tubes for
use in manufacture

Of cathode ray television

10.00%

NIL

14

3208,

3815,

3901, OR

3920

The specified goods used in the
manufacture of EVA (Ethylene Vinyl Actate)sheets or backsheet , which are used
in the manufacture of solar photovoltaic cells or modules

10.00%

NIL

 

C.     Changes in export duty

Sr. No.

Chapter

heading

Description of

goods

Rate of BCD

Till 10-7-2014

From 11-7-2014

1

26060010

Bauxite (natural), not calcined

10.00%

20%

2

26060020

Bauxite (natural), calcined

10.00%

20%

Related posts:

  1. Changes in limit of duty free import as baggage in Budget 2014-2015
  2. Rate of exchange of conversion of each of the foreign currency relating to imported and export goods with effect from 21st November, 2014 – Notification
  3. How merchant exporter can negotiate successfully with local suppliers and also with international buyer?
  4. Re-warehousing of goods imported and/or procured indigenously by EOU/EHTP/STP/BTP units
Taxclick Team
This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

Leave a Comment