Budget 2011-2012- Customs - Prescribes Effective Rate of duty

  Tariff Notifications

 

Notification No. 27/2011-Cus dated -01-03-2011

Effective rate of export duty on all items other than iron ores lumps, fines and pellets and de-oiled rice bran cake

 

Notification No. 26/2011-Customs -Cus dated -01-03-2011

Exempts work of art imported for exhibition in a public museum or national institution

 

Notification No. 25/2011-Customs-Cus dated -01-03-2011

Exempts of software from MRP based duty where which declaration of retail sale price is not required, under the provisions of The Legal Metrology Act, 2009

 

Notification No. 24/2011-Customs-Cus dated -01-03-2011

Exempts copper concentrates falling under the tariff item 2603 00 00 equivalent to the duty of customs leviable on the value of gold and silver contained in such copper concentrate

 

Notification No. 23/2011 – Customs-Cus dated -01-03-2011

Amends notification no. 29/2010 - Exemption from special CVD ( additional duty of customs) on specified goods

 

Notification No. 22/2011-Customs-Cus dated -01-03-2011

Exempts parts, components and accessories for the manufacture of mobile handsets; parts or components for the manufacture of battery chargers, hands-free headphones of mobile sets and PC Connectivity Cable and the sub-parts for the manufacture of such parts and components

 

Notification No. 21/2002-Customs-Cus dated -01-03-2011

Amends notification no. 21/2002 – Effective rate of customs duty on import of goods

 

Notification No. 20/2011-Customs-Cus dated -01-03-2011

Amends notification no. 20/2006 - exempt certain specified goods from special CVD leviable on imported goods

 

Notification No. 19 /2011-Customs-Cus dated -01-03-2011

Amends notification no. 23/2010 - Exempts parts, components and accessories for the manufacture of mobile handsets; sub-parts for the manufacture of such parts and components; and parts or components for the manufacture of battery chargers and hands-free headphones of such mobile handsets

 

Notification No. 18/2011-Customs-Cus dated -01-03-2011

Amends notification no. 45/2005 - Exemption to all goods produced or manufactured in a Special Economic Zone and brought to any other place in India in accordance with the provisions of the Foreign Trade Policy 2004-2009

 

Notification No. 17/2011-Customs-Cus dated -01-03-2011

Amends notification no. 69/2004 - exemption to specified goods of various chapters from the Levy of Education Cess

 

Notification No. 16 /2011-Customs-Cus dated -01-03-2011

Amends notification no. 14/2004 - Scope of water supply project explained.

 

Notification No. 15/2011-Customs-Cus dated -01-03-2011

Amends notification no. 22/2003 - Exemption to the specified goods, works of art, antiques, paper money, wollen apparels etc. received as gift by Indian Red Cross etc

 

Notification No. 14/2011-Customs-Cus dated -01-03-2011

Amends notification no. 25/1999 - Nil duty or concessional duty on specified goods when imported into India for use in the manufacture of the finished goods

 

Notification No. 13/2011-Customs-Cus dated -01-03-2011

Amends notification no. 42/96 - scope of water supply project explained - projects for assessment under heading 9801 

 

 

 

Non Tariff Notifications

 

Notification No. 18/2011-Customs (N.T.)-Cus(NT) dated -01-03-2011

 Rate of interest fixed at 18%

 

Notification No. 17/2011-Customs (N.T.)-Cus(NT) dated -01-03-2011

 Rate of interest fixed at 18%

 

Notification No. 16/2011- Customs (N.T.)-Cus(NT) dated -01-03-2011

 Prohibits import of Acetate tow and Filter Rod except use in manufacturing of specified goods.

 

Notification No. 15/2011-Customs (N.T)-Cus(NT) dated -01-03-2011

 Amends Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995

 

 

Unless otherwise stated, all changes in rates of duty take effect from the midnight of 28th February/1st March, 2011. A declaration has been made under the Provisional Collection of Taxes Act, 1931 in respect of clauses 57(a)(i), 57 (b) and 70(a)(i) of the Finance Bill, 2011 so that changes proposed therein take effect from the midnight of 28th February/1st March, 2011. The remaining legislative changes would come into effect only upon the enactment of the Finance Bill, 2010. Retrospective amendments in the provisions of law or notifications issued under the respective Acts shall have the force of law only upon the enactment of the Finance Bill, 2011 but with effect from the date indicated in the relevant clause or Schedule. These dates may be carefully noted.