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IMPOSITION OF AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS ON IMPORT OF CERTAIN ITEMS [to be effective from 02.02.2021] [Clause [115] of the Finance Bill, 2021]

  • Contents

Dated: 1-2-2021

Budget 2021-22 + FINANCE Bill, 2021

IMPOSITION OF AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS ON IMPORT OF CERTAIN ITEMS [to be effective from 02.02.2021] [Clause [115] of the Finance Bill, 2021]

An Agriculture Infrastructure and Development Cess (AIDC) has been proposed on import of specified goods. To ensure that imposition of cess does not lead to additional burden in most of these items on the consumer, the BCD rates has been lowered. This cess shall be used to finance the improvement of agriculture infrastructure and other development expenditure. The list of items on which cess has been imposed and the applicable duty and AIDC on them would be as follows:

S. No

Heading, sub-heading tariff item

Commodity

Basic customs duty

AIDC

1.

0808 10 00

Apples

15%

35%

2.

1511 10 00

Crude Palm Oil

15%

17.5%

3.

1507 10 00

Crude Soya-bean oil

15%

20%

4.

1512 11 10

Crude Sunflower seed oil

15%

20%

5.

0713 10

Peas (Pisum sativum)

10%

40%

6.

0713 20 10

Kabuli Chana

10%

30%

7.

0713 20 20

Bengal Gram (desichana)

10%

50%

8.

0713 20 90

Chick Peas (garbanzos)

10%

50%

9.

0713 40 00

Lentils (Mosur)

10%

20%

10.

2204

All goods (Wine)

50%

100%

11.

2205

Vermouth and other wine of fresh grapes, flavoured

50%

100%

12.

2206

Other fermented beverages for example, Cider, Perry, Mead, sake, mixture of fermented beverages or fermented beverages and nonalcoholic beverages

50%

100%

13.

2208

All goods (Brandy, Bourbon whiskey, Scotch etc.)

50%

100%

14.

2701

Various types of coal

1%

1.5%

15.

2702

Lignite, whether or not agglomerated

1%

1.5%

16.

2703

Peat, whether or not agglomerated

1%

1.5%

17.

3102 10 00

Urea

Nil

5%

18.

3102 30 00

Ammonium nitrate

2.5%

5%

19.

31

Muriate of potash, for use as manure or for the production

of complex fertilisers

Nil

5%

20.

3105 30 00

Diammonium phosphate, for use as manure or for the production of complex fertilisers

Nil

5%

21.

5201

Cotton (not carded or combed)

5%

5%

22.

7106

Silver (including imports by eligible passengers)

7.5%

2.5%

23.

7106

Silver Dore

6.1%

2.5%

24.

7108

Gold (including imports by eligible passengers)

7.5%

2.5%

25.

7108

Gold Dore

6.9%

2.5%

 

 


 

Full Text:

Budget 2021-22 + FINANCE Bill, 2021

 

 
 
 
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