Revised Basic Customs Duty & Excise Duty on Chapter 27 in Union Budget 2016-17

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..... Dear Sir, Could you please inform the revised Basic Customs Duty ( BCD ) and Excise Duty on Chapter 27 product ?. Previously It was 5% and 14% respectively. (HS Code 27101960 to be precise ) Thanks and Regards, Atul Deshmukh - Reply By Mukund Thakkar - The Reply = Chapter 27: 1) Basic Customs Duty on all goods falling under 2701 , 2702 and 2703 is being rationalized at 2.5% BCD. N .....

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..... otification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated 1st March, 2016 [New S.Nos.121B, 121C] refer. 2) Basic Customs Duty on all goods falling under 2704, 2705 and 2706 is being rationalized at 5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New .....

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..... S.No.121D] refers. 3) Basic Customs Duty on all goods falling under 2707 is being rationalized at 2.5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New S.No.121E] refers. 4) Basic Customs Duty on all goods falling under 2708 is being rationalized at 5% BCD. Notification No.12/2012-Customs, dated 17 .....

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..... th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New S.No.121F] refers Consequently, S. No. 122, 122A, 123, 124, 124A, 125, 126, 126A, 126B and 126C are being omitted. please refer above changes in budget for custom duty. - Reply By Atul Deshmukh - The Reply = Thanks a lot, Mukund Ji. What is BCD on Chapter 2710 ? - Revised Basic Customs Duty .....

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..... & Excise Duty on Chapter 27 in Union Budget 2016-17 - Query Started By: - Atul Deshmukh Dated:- 1-3-2016 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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