Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Amends Notification No.21/02-Cus, dated 01.03.2002 – Effective rate of customs duty on import of various goods

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... endments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002 , published in the Gazette of India, Extraordinary vide number G.S.R.118 (E) , dated the 1st March, 2002, namely:- In the said notification , - (1) in the opening paragraph, in the proviso,- (i) in clause (b), for the figures, letters and words "6th day of July, 2010", the figures, letters and words "31st day of March, 2011" shall be substituted; (ii) after clause (iaf), the following clause shall be inserted, namely :- "(iag) the goods specified against serial No. 345A of the said Table on or after the 1st day of April, 2013."; (2) in the Table,- (i) after S. No. 17 and t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... umn (4), the entry "Rs. 300/- per 10 grams" shall be substituted; (vi) after S. No.189 and the entries relating thereto, the following shall be inserted, namely :- (1) (2) (3) (4) (5) (6) "189A 7110 3100, 7110 39 00 Rhodium 2% - -"; (vii) against S. No. 226, for the entry in column (5), the entry "10%" shall be substituted; (viii) against S. No. 228, for the entry in column (5), the entry "10%" shall be substituted; (ix) against S. No. 236, for the entry in column (5), the entry "10%" shall be substituted; (x) against S. No. 237, for the entry in column (5), the entry "10%" shall be substituted; (xi) against S. No. 344A, for the ent .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dical equipment including accessories or spare parts or both of such equipment for personal use" shall be substituted; (b) for the entry in column (5), the entry "4%" shall be substituted; (xvii) S. Nos. 367 to 369 and the entries relating thereto shall be omitted; (xviii) S. No. 373 and the entries relating thereto shall be omitted; (xix) against S. No. 399, for the entries in column (5), against items (i), (ii), (iv) and (vi) in column (3), the entry "10%" shall respectively be substituted; (xx) against S. No. 404, for the entry in column (5), the entry "10%" shall be substituted; (xxi) against S. No. 433, for the entry in column (5), against item (1) in column (3), the entry "10%" shall be substituted; (xxii) against S. No. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Liquefied Natural Gas 5% - - 594 2711 12 00, 2711 13 00, 2711 21 00 All goods 5% - - 595 2711 19 00 Liquefied Petroleum Gases(LPG) 5% - - 596 2713 Petroleum coke 5% - - 597 84 Geothermal ground source heat pumps Nil - - 598 84 Tunnel boring machines used for hydro-electric projects Nil Nil 107 599 84 or any other Chapter (i) Paddy transplanter; (ii) Laser land leveller; (iii) Reaper-cum-binder; (iv) Sugarcane harvester; (v) Straw or fodder balers; (vi) Cotton picker; and (vii) Track used for manu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ods on payment of customs duties at the rates applicable at the time of import but for this exemption, on the depreciated value of the goods to be calculated @ 5% on straight line method for each completed quarter starting from the date of importation of the said goods till the date of their sale subject to the condition that the concerned Ministry Authority, Department or Corporation referred to in condition (a) above certifies that said goods in the project, for which duty free import was allowed, are no longer required for the project. "; iii) after Condition No. 106 and the condition against it, the following shall be inserted, namely: Condition No. Conditions "107. If, at the time of importation, the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates