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Explanatory memorandum to Notifications Customs and Central Excise.

Budget - Dated:- 1-2-2018 - Explanatory memorandum to Notifications no. 6/2018-Customs to 23/2018-Customs all Dated 2nd February 2018:- S.No. Notification No. Description 1. 6/2018-Customs dated 2nd February 2018 Seeks to further amend notification No. 50/2017-Customs dated the 30th June, 2017 so as to prescribe effective rate of basic customs duty (BCD) consequent to the changes proposed in the Union Budget 2018-19 2. 7/2018-Customs dated 2nd February 2018 Seeks to exempt levy of the whole of t .....

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tion cess on imported goods from the whole of levy of Social Welfare Surcharge 9. 14/2018-Customs dated 2nd February 2018 Seeks to amend notification No. 82/2017-Customs dated the 27th October 2017 to increase the effective rate of BCD on silk fabrics from 10% to 20% 10. 15/2018-Customs dated 2nd February 2018 Seeks to rescind notification No. 6/2015-Customs dated 01.03.2015 11. 16/2018-Customs dated 2nd February 2018 Seeks to rescind notification No. 7/2015-Customs dated 01.03.2015 12. 17/2018- .....

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y 2018 Seeks to further amend notification No. 27/2011-Customs dated the 1st March, 2011 so as to prescribe Nil rate of export duty on Electrodes of a kind used for furnaces Explanatory memorandum to Notifications no. 01/2018-Central Excise to 13/2018-Central Excise all Dated 2nd February 2018:- S.NO. Notification No. Description 1. 1/2018- Central Excise dated 2nd February 2018 Seeks to rescind notification No. 10/2015-Central Excise dated 01.03.2015 2. 2/2018- Central Excise dated 2nd February .....

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017 so as to reduce the rate of Basic Excise Duty (BED) on petrol diesel by ₹ 2/- per litre. 10. 10/2018- Central Excise dated 2nd February 2018 Seeks to exempt duties of excise on the goods falling within the Fourth Schedule to the Central Excise Act, 1944, in excess of amount calculated at the rate of 50% 11. 11/2018- Central Excise dated 2nd February 2018 Seeks to exempt the 5% ethanol blended petrol from the additional duty of excise (road and infrastructure cess) levied under clause 1 .....

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