TMI BlogNOTES ON CLAUSES - CUSTOMSX X X X Extracts X X X X X X X X Extracts X X X X ..... oner of Customs, as the case may be. It also seeks to provide for consequential amendments in the Act. [Clause 72] 2) Section 3 is being amended so as to provide for inclusion of the Principal Chief Commissioner of Customs and Principal Commissioner of Customs in the class of officers of customs. [Clause 73] 3) Section 15(1) is being amended to provide for determination of rate of duty and tariff valuation for imports through a vehicle in cases where the Bill of Entry is filed prior to the filing of Import Report (as the Manifest is called in case of imports by land). [Clause 74] 4) Section 25 is being amended to provide that the customs duties on mineral oils including petroleum natural gas extracted or produced in the continental shelf of India or the exclusive economic zone of India shall not be recovered for the period prior to 7th February, 2002. [Clause 75] 5) Section 46(3) is being amended to allow the filing of a Bill of Entry prior to the filing of Import Report (as the Manifest is called in case of imports by land) for imports through land route. [Clause 76] 6) Section 127A is being amended to change the n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal. The amount of pre-deposit payable would be subject to a ceiling of ₹ 10 crores. [Clause 83] 15) Section 131BA is being amended so as to enable the Commissioner (Appeal) to take into consideration the fact that a particular order being cited as a precedent decision on the issue has not been appealed against for reasons of low amount. [Clause 84] AMENDMENT IN THE CUSTOMS TARIFF ACT, 1975: 1) Section 8B of the Customs Tariff Act, 1975 is being amended so as to provide for levy of safeguard duty on inputs/raw materials imported by an EOU and cleared into DTA as such or are used in the manufacture of final products cleared into DTA. [Clause 86] This change will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. AMENDMENT IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975: 1) Tariff item 2402 20 60 is being omitted as a consequential change to amendment in the First Schedule to the Central Excise Tariff Act. 2) The tariff rate of basic customs duty on goods falling under tariff items 8517 62 90 and 8517 69 90 is being increased from Nil to 10%. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re of soaps and oleochemicals subject to actual user condition. Basic Customs Duty is also being reduced on crude glycerine from 12.5% to 7.5% in general and from 12.5% to Nil for manufacture of soaps subject to actual user condition. III. ENERGY SECTOR 1) The duty structure on non-agglomerated coal of various types is being rationalized at 2.5% BCD and 2% CVD. Accordingly, the BCD on Coking coal is being increased from NIL to 2.5% and on steam coal and bituminous coal from 2% to 2.5%. The BCD on anthracite coal and other coal is being reduced from 5% to 2.5%. The CVD on Anthracite coal, Coking coal and other Coal is being reduced from 6% to 2%. 2) Basic Customs Duty on metallurgical coke is being increased from Nil to 2.5%. 3) Exemption from Basic Customs Duty is being granted on re-gasified LNG for supply to Pakistan. 4) Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) imported by the Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited or Bharat Petroleum Corporation Limited, for supply to Non-Domestic Exempted Category (NDEC) customers is being fully exempted retr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tones. 3) The variation level and the parameter of measurement in respect of re-import of cut and polished diamonds after certification/grading from a foreign laboratory/agency are being increased as a trade facilitation measure. VII. ELECTRONICS/HARDWARE: 1) Basic Customs Duty on LCD and LED TV panels of below 19 inches is being reduced from 10% to NIL. 2) Basic Customs Duty is being exempted on specified parts of LCD and LED panels for TVs. 3) Basic Customs Duty on colour picture tubes for manufacture of cathode ray TVs is being reduced from 10% to NIL. 4) Basic Customs Duty on specified telecommunication products not covered under the ITA (Information Technology Agreement) is being increased from NIL to 10%. 5) Special Additional Duty (SAD) on all inputs/components used in the manufacture of Personal Computers (laptops/desktops) and tablet computers is being exempted, subject to actual user condition. 6) Education cess and Secondary and Higher Education (SHE) cess is being levied on imported electronic products. 7) Full exemption from Special Additional Duty (SAD) is being provided on specified inputs (PVC shee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hase-1 and Phase-2 projects instead of Director (Rolling Stock, Electrical Signalling) at present. X. HEALTH 1) Full exemption from customs duty is being provided for HIV/AIDS drugs and diagnostic kits imported under National AIDS Control Programme (NACP) funded by the Global Fund to Fight AIDS, TB and Malaria (GFATM). XI. SECURITY AND STRATEGIC PURPOSES: 1) Full exemption from Basic customs Duty is being provided to goods imported by National Technical Research Organisation (NTRO). 2) Full exemption of customs duty is being provided on security fibre, security threads and M-feature imported by Bank Note Paper Mill India Private Limited (BNPMIPL), Mysore. Full exemption from BCD and CVD is also being provided for raw materials required for manufacture of security threads and security fibre subject to actual user condition. 3) The scope of exemption notification No.39/96-Customs dated 23.07.1996 [S.No.7] granting full exemption from BCD and CVD on goods imported for use in the manufacture of aircrafts for the Ministry of Defence is being clarified to the effect that the exemption is available to all materials in any form and articles there ..... X X X X Extracts X X X X X X X X Extracts X X X X
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