Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 

TMI Blog

Home List
← Previous Next →

D.O. Letter from JS(TRU-I)

..... D. LOHANI Joint Secretary (TRU-I) Telephone : 23092687, Fax : 23092031, E-mail : gd.lohani@nic.in D.O. F. No. 334/2/2020-TRU Dated: 1st February, 2020 Dear Principal Chief Commissioner/ Chief Commissioner/ Principal Commissioner/ Commissioner, The Finance Minister has introduced the Finance Bill, 2020 in Lok Sabha today, that is 1st February, 2020. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2020. To prescribe effectives rates of duty, following notifications are being issued: Notification Nos. Date Customs (Tariff) No. 01/2020-Customs to No. 12/2020-Customs 2nd February, 2020 Customs (Non-Tariff) No. 09/2020-Customs (N.T.) to No. 10/2020-Customs (N.T.) 2nd February, 2020 Customs (ADD) No. 03/2020-Customs (ADD) 2nd February, 2020 Customs (SG) No. 01/2020-Customs (SG) 2nd February, 2020 2. Unless otherwise stated, all changes in rates of duty take effect from the midnight of 1st February/2nd February, 2020. A declaration has been made under the Provisional Collection of Taxes Act, 1931 in respect of clauses 115 (a), 115(b), 139 and 145 of the Finance Bill, 2020 so that changes proposed therein take effect from the midnight of 1s .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ed under Section 28AAA of Customs Act, 1962 are also being expanded to include such electronic credit of duties. II. Amendments in Customs Tariff Act, 1975: a) First Schedule to the Customs Tariff Act, 1975 is being amended to create specific tariff lines for certain items. b) Section 8B is being substituted with a new section to empower the Central Government to apply safeguard measures, in case any article is imported into India in such increased quantities and under such conditions so as to cause or threatening to cause serious injury to domestic industry. Safeguard measure shall include imposition of a Safeguard Duty or application of a Tariff Rate Quota or any other measure that the Central Government may consider appropriate as safeguard measure. III. Amendments in CGST, IGST and UTGST Acts, 2017: a) Central Goods and Services Tax Act, 2017, Integrated Goods and Services Tax Act, 2017 and the Union Territory Goods and Services Tax Act, 2017 are being amended for facilitating trade, and improving compliance as per the decisions of the GST Council. IV. Other legislative changes in Finance Bill, 2020: a) Vide clause of the Finance Bill, 2020, Health Cess is being imposed on the .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ingh, Deputy Secretary (TRU) (Tel: 011-23092753, email: gauray.singh80@nic.in), Sh. J. S. Kandhari OSD (TRU) (Tel: 011-23095526, email: js.kandhari@nic.in) or Sh. Modassar Shafi, Budget Officer (TRU) (Tel: 011-23095547, email: modassar.shafi@gov.in). We can also be reached at budget-cbec@nic.in. 7. Copies of Finance Bill, 2020, Finance Minister s Budget Speech, Explanatory Memorandum to the Bill and relevant notifications can be downloaded directly from www.indiabudget.gov.in as well as www.cbic.gov.in. 8. To conclude, my team and I would like to express my gratitude to you for the valuable suggestions, feedback and support and would look forward to your comments/suggestions. With warm regards, Yours sincerely, (G. D. Lohani) Joint Secretary (TRU-I) ANNEX A CUSTOMS Note: (a) Basic Customs Duty (BCD) means Customs duty levied under the Customs Act, 1962 (b) Clause 115 of the Finance Bill, 2020 seeks to amend the First Schedule to the Customs Tariff Act, 1975 so as to increase the tariff rate of Basic Customs duty on certain goods. (c) Social Welfare Surcharge means duty of customs levied vide section 110 for Finance Act, 2018. (d) Health Cess means duty of customs levied under claus .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... of 30% is prescribed on Other Cheese falling under tariff item 0406 90 00. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2nd February, 2020. Consequently, Cheese falling wider tariff item 0406 90 00 will now attract 40% BCD. Further, Other Cheese falling under tariff item 0406 90 00 is being exempted from levy of Social Welfare Surcharge by amending notification No. 11/2018-Customs dated 2nd February, 2018 vide notification No.09/2020-Customs dated 2nd February, 2020. Chapter 5 (1) Vide S. No. 10 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 5% is prescribed on Pancreas falling under Chapter 5 [Products of animal origin, not elsewhere specified or included]. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2m February, 2020. Consequently, Pancreas falling under Chapter 5 will now attract 30% BCD. (2) Vide S. No. 11 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 5% is prescribed on Conch Shell falling under sub-heading 0508 00. On review, this entry is being omitted vide notification No. 1/2020-Customs dated rd February, 2020. Consequently, Conch Shell .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ract 100% BCD. Further, Meslin falling under tariff item 1001 99 20 is being exempted from levy of Social Welfare Surcharge by amending notification No. 11/2018-Customs dated 2nd February, 2018 vide notification No.09/2020-Customs dated 2nd February, 2020. (2) Vide S. No. 36 of notification No. 50/2017-Customs dated 30th June 2017, durum wheat seeds and seeds of wheat (other than durum wheat) falling under tariff item 1001 11 00 and 1001 91 00 are exempted from BCD. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2nd February, 2020. Consequently, durum wheat seeds and seeds of wheat other than durum wheat, falling under tariff item 1001 11 00 and 1001 91 00 will now attract 100% BCD. Further, Wheat falling under tariff item 1001 11 00 and 1001 91 00 is being exempted from levy of Social Welfare Surcharge by amending notification No. 11/2018-Customs dated 2nd February, 2018 vide notification No.09/2020-Customs dated 2nd February, 2020. (3) Vide S. No. 40 of notification No. 50/2017-Customs dated 30th June 2017, Maize falling under sub-heading 1005 90, upto an aggregate of five lakh metric tonnes of total imports of such goods in a financial year, is .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... is also being omitted. (3) Vide S. No. 72 of notification No. 50/2017-Customs dated 30th June 2017, a concessional BCD of 45% has been prescribed on refined rape, colza or mustard oil falling under sub-heading 1514 19 and 1514 99, upto an aggregate of one lakh fifty thousand metric tonnes of total imports of such goods in a financial year. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2nd February, 2020. Consequently, Condition No. 1 in the Annexure to notification No. 50/2017-Customs dated 30th June, 2017 is also being omitted. (4) Vide S. No. 78 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 80% is prescribed on Margarine, animal or vegetable fats and oils falling under tariff heading 1517 and 1518. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2nd February, 2020. Consequently, Margarine, animal or vegetable fats and oils falling under tariff heading 1517 and 1518 will now attract 100% BCD. (5) Vide S. No. 83 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 20% is prescribed on crude glycerol, glycerol waters and glycerol lyes (other than crude glyc .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... dated 2nd February, 2020. Consequently, food preparations for infant use and put up in retail sale, falling under sub-heading 1806 90 will now attract 30% BCD. Chapter 19 (1) Vide S. No. 95 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 30% is prescribed on preparations for infant use, put up for retail sale, falling under sub-heading 1901 10. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2nd February, 2020. Consequently, preparations for infant use, put up for retail sale , falling under sub-heading 1901 10 will now attract 50% BCD. Further, goods falling under sub-heading 1901 10 is being exempted from levy of Social Welfare Surcharge by amending notification No. 11/2018-Customs dated 2nd February, 2018 vide notification No.09/2020-Customs dated 2nd February, 2020 Chapter 20 (1) Vide S. No. 98 of notification No. 50/2017-Customs dated 30th June 2017, concessional BCD of 30% is prescribed on preserved potatoes falling under tariff item 2004 10 00. On review, this entry is being omitted vide notification No. 1/2020-Customs dated 2nd February, 2020. Consequently, preserved potatoes falling under tariff item 2004 10 0 .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ur Fuel Oil meeting ISO 8217:2017 RMG380 Viscosity in 220-400 CST standards/ Marine Fuel 0.5% (FO) falling under chapter 27 is being reduced from 10% to Nil under the same conditions as available to other bunker fuels namely IFO 180 CST and IFO 380 CST. [S. No. 139 of notification No. 50/2017-Customs dated 30th June 2017 as amended by notification No. 1/2020-Customs, dated 2nd February, 2020 refers.] (2) Vide S. No. 148 of notification No. 50/2017-Customs dated 30th June 2017, exemption from BCD is prescribed to Naphtha, when imported by Ratnagiri Gas and Power Private Limited (RGPPL), for use in generation of electricity in the power plants of Ratnagiri Gas and Power Private Limited (RGPPL) at Dabhol. On review, this entry is being omitted vide notification No. 1/2020-Customs dated rd February, 2020. Consequential changes are being made in S. No. 147 of notification No. 50/2017-Customs dated 30th June 2017 [Notification No. 1/2020-Customs, dated 2nd February, 2020 refers]. (3) Vide S. No. 149 of notification No. 50/2017-Customs dated 30th June 2017 exemption from BCD is prescribed to Naphtha, when imported for generation of electrical energy by a generating company as defined in s .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... of notification No. 50/2017-Customs dated 30th June 2017 is being omitted, being redundant. Simultaneously, description under entry at S. No. 177 of notification No. 50/2017-Customs dated 30.06.2017 is being amended to Phosphoric acid [notification No. 1/2020-Customs, dated 2nd February, 2020 refers]. (3) BCD on all goods including Noble Metal Compounds and Noble Metal Solutions falling under heading 2843 is being increased from 7.5% to 10% by amending S. No. 169 of notification No. 50/2017-Customs, dated 30th June, 2017, vide notification No.1/2020-Customs, dated 2nd February, 2020. Further, concessional rate of 7.5% is being prescribed on Platinum and Palladium for use in manufacture of these goods subject to actual used condition [details at entry No. 10 under Chapter 71]. Chapter 29 (1) BCD on Butyl acrylate falling under tariff item 2916 12 10 is being increased from 5% to 7.5% by omitting S. No. 205 of notification No. 50/2017-Customs dated 30th June, 2017 vide notification No. 1/2020-Customs dated 2nd February, 2020. It will attract BCD rate of 7.5% vide entry at S. No. 185 of notification No. 50/2017-Customs dated 30th June, 2017. Chapter 30 (1) Vide S. No. 212 of notifica .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... , 2020. Consequently, these goods will attract tariff rate of 10%. Chapter 38 (1) Catalysts with precious metals or containing precious metal as active substance falls under sub-heading 3815 12 and there is no change in BCD on them. However, BCD on Platinum and Palladium used in manufacture of all goods falling under sub-heading 3815 12, is being reduced from 12.5% to 7.5% subject to actual user condition, by amending notification No. 50/2017-Customs dated 30th June, 2017 vide notification No. 1/2020-Customs, dated 2nd February, 2020 [new S. No. 415A refers]. (2) BCD on all goods, falling under tariff item 3824 99 00 is being increased from 10% to 17.50% by increasing the tariff rate of all goods falling under this tariff item [Clause 115 (a) of the Finance Bill, 2020 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect]. The items of this heading covered by S. No. 250A of notification No. 50/2017-Customs dated 30th June, 2017 will continue to attract BCD at 7.5%. Otherwise tariff rate shall apply on import of goods falling under tariff item 3824 99 00. Chapter 39 (1) S. No. 262 of notificatio .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... No. 1/2020-Customs, dated 2nd February, 2020. [S.No.225 refers] (8) BCD on Calendared Plastics Sheet falling under tariff item 3920 10 99 for use in the manufacture of Smart Cards, is being decreased from 10% to 5% subject to actual user condition. notification No. 50/2017-Customs dated 30th June, 2017, as amended vide notification No. 1/2020-Customs, dated 2nd February, 2020. [New S.No. 277A refers] Chapter 40: No change Chapter 41 (1) Entry at S. No. 286 of notification No. 50/2017-Customs dated 30th June, 2017 provides BCD exemption on Patent leather falling under tariff item 4114 20 10. On review, this entry is being omitted vide notification No. 1/2020-Customs, dated 2nd February, 2020. Consequently, these goods will attract BCD applicable otherwise. Chapter 42: No Change Chapter 43 (1) Entry at S. No. 287 of notification No. 50/2017-Customs dated 30th June, 2017 provides BCD exemption on raw or tanned furskins etc. falling under headings 4301 and 4302 [except tariff item 4301 30 00]. On review, this entry is being omitted vide notification No. 1/2020-Customs, dated 2nd February, 2020. Consequently, these goods will attract BCD at the rate of 15% (heading 4301 other tariff ite .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... BCD on all goods falling under headings 6401 to 6405 [footwear] is being increased from 25% to 35% by increasing the tariff rate of all goods falling under these headings. [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (2) Tariff rate on all goods falling under heading 6406 [ parts of footwear] is being increased from 15% to 20%. [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. Simultaneously entry at S. No. 331 and the Condition No. 37 along with Lists 8 and 9 of notification No.50/2017-Customs, dated 30th June, 2017 vide which concessional rate of 10% was prescribed on footwear parts and other consumables, are being omitted vide notification No. 1/2020-Customs, dated 2nd February, 2020. Thus, due these changes parts of footwear falling under headings 6406 will now attract 20% BCD the other parts and consumables will now attract BCD applicable otherwise. Chapter 65-66: No Change Chapter 67 (1) BCD on all go .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... by amending S. No. 348 of notification No.50/2017-Customs, dated 30th June, 2017, vide notification No.1/2020-Customs, dated 2nd February, 2020. (5) BCD on Rough synthetic gemstones, falling under heading 7104 is being increased from Nil to 0.5% by amending S. No. 360 of notification No.50/2017-Customs, dated 30th June, 2017, vide notification No.1/2020-Customs, dated 2nd February, 2020. (6) BCD on Rough cubic zirconia, falling under heading 7104 is being increased from Nil to 0.5% by amending S. No. 361 of notification No.50/2017-Customs, dated 30th June, 2017, videnotification No.1/2020-Customs, dated 2nd February, 2020. (7) BCD on Polished cubic zirconia, falling under heading 7104 is being increased from 5% to 7.5% by amending S. No. 362 of notification No.50/2017-Customs, dated 30th June, 2017, vide notification No.1/2020-Customs, dated 2nd February, 2020. (8) The end use-based exemption available on Gold in the form of wire, ribbon, preform of purity 99.99 % and above used in manufacture of specified goods listed in notification No. 25/1999-Customs dated 28th February 1999 is being withdrawn by omitting entry at S. No. 80 notification No. 25/1999-Customs dated 28th February 1 .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ntry at S. No. 39 of the notification No. 24/2005-Customs dated 1st March, 2005 and entry at S. No. 33 of notification No. 25/2005-Customs dated 1st March, 2005], is being withdrawn by amending said entries. [Notification No.6/2020 and notification No.7/2020, both dated the 2nd February, 2020, respectively, refers]. Consequently, Copper and articles thereof falling under Chapter 74, when used in the manufacture of such goods will attract the BCD rates applicable otherwise. (2) BCD on all goods [table, kitchen, other household articles etc.] falling under sub heading 7418 10 is being increased from 10% to 20% by increasing the tariff rate. [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. Chapter 75: No Change Chapter 76 (1) BCD on all goods falling under sub heading 7615 10 [table, kitchen, other household articles etc.] is being increased from 10% to 20% by increasing the tariff rate. [Clause 115 (a) of the Finance Bill, 2020 refers.] By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... creasing the tariff rate. [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (3) Vide entry at Sr. No. 447 of the notification No. 50/2017-Customs, dated 30th June, 2017, BCD exemption is provided on the specified goods required for manufacture of Optical disk drives (ODD). On review, the said entry is being omitted vide notification No. 1/2020, dated 2nd February, 2020. Consequently, the said items will attract the applicable BCD rate. (4) Vide entry at Sr. No. 459 of the notification No. 50/2017-Customs, dated 30th June, 2017, BCD exemption is provided on the parts falling under heading 8443 (except 8443 99 51, 8443 99 52 and 8443 99 53) for manufacture of printers falling under sub-heading 8443 32. On review, the said entry is being omitted vide notification No. 1/2020, dated 2nd February, 2020. BCD exemption on parts of said printers will continue in view of similar exemption available in the notification No. 24/2005-Customs, dated the 1st March, 2005 (entries at S.No. 2A to 2F of notification No. 24/2005-Customs, dated the 1st March, 2005). (5 .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... increased on Wall fans from 7.5% to 20%. d) BCD on all other remaining goods under tariff item 8414 51 90 is being increased from 7.5% to 20%. [ Clause 115 (a) and (b) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (11) Following changes are being made for goods falling under sub-heading 8414 59: a) BCD on all goods falling under sub heading 8414 59 (except Blowers, portable under tariff item 8414 59 20), is being increased from 7.5% to 10% by increasing the tariff rate; b) BCD on Blowers, portable under tariff item 8414 59 20 is being increased from 10% to 20%. [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (12) BCD on specified goods as per List 10 of the notification No. 50/2017-Customs, dated 30th June, 2017, required for use in high voltage power transmission project, is being increased from 5% to 7.5% by amending S. No. 397 of notification No. 50/2017- Customs, dated 30th June, 2017, vide notification No. 1/2020-Cust .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... gricultural and horticultural purposes and (b) Micro Irrigation equipment. On review, this entry is being omitted vide notification No. 1/2020-Customs, dated 2nd February, 2020. Consequently, these items will now attract 7.5% BCD. (37) Entry at S. No. 457 of notification No. 50/2017-Customs, dated 30th June, 2017, provides concessional 5% BCD on poultry incubators and brooders falling under tariff item 8436 21 00. On review, this entry is being omitted vide notification No. 1/2020-Customs, dated 2nd February, 2020. Consequently, this item will now attract 7.5% BCD. (38) Notification No. 11/2018-Custom, dated the 2nd February, 2018 provided exemption from Social Welfare surcharge (SWS) on specified items of Chapter 84 under entries at S. No. 1, 9, 10, 12, 15, 16, 18, 19, 20. The exemption from SWS, on the said items, is being withdrawn by omitting said entries. [Notification No. 11/2018-Customs, dated 2nd February, 2018, as amended vide notification No.9/2020, dated 2nd February, 2020 refers]. Consequently, all items of Chapter 84 will attract SWS at the rate of 10% of BCD payable. [For details Annexure-B refers] Chapter 85 (1) Entry at S. No. 474 of the notification No. 50/2017-Cus .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... of Taxes Act, 1931, this increase will come into force with immediate effect. (7) BCD on all goods falling under heading 8510 (except tariff item 8510 90 00) is being increased from 10% to 20% by increasing the tariff rate [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (8) BCD on all goods falling under heading 8515 (except tariff item 8515 90 00) is being increased from 7.5% to 10% by increasing the tariff rate [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (9) BCD on all goods falling under heading 8516 (except tariff items 8516 50 00 and 8516 90 00) is being increased from 10% to 20% by increasing the tariff rate [Clause 115 (a) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (10) Exemption from BCD on Fingerprint readers/ scanner for use in manufacture of cellular mobile phones fal .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... No. 2 /2020-Customs, dated 2nd February, 2020 refers]. (15) A new tariff item (8529 90 30) is being created for Open cell of television sets . Tariff item 8529 90 90 has accordingly been split. [Clause 115(b) of the Finance Bill, 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this tariff changes will come into force with immediate effect. The existing BCD exemption on these items shall continue under S. No 515A of notification No. 50/2017-Customs, dated 30th June, 2017. Consequential amendments in other notifications are also being done to maintain existing BCD exemptions on Open cell of television set vide notification No.10/2020, dated the rd February, 2020. (16) Micro Fuse Base, Sub-Miniature Fuse Base, Micro Fuse Cover and Sub-Miniature Fuse Cover, falling under heading 8538 for use in manufacturing of Micro Fuse and Sub-Miniature Fuse, is being exempted from BCD subject to end use. [ S.No. 190 of the Notification No. 25/1999-Customs, dated 28th February, 1999, as amended vide notification No.5/2020-Customs, dated 2nd February, 2020 refers]. (17) Entry at S. No 515 of notification No. 50/2017-Customs, dated 30th June, 2017, provides .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ehicles- Bus, Trucks and Two wheelers 15% 25% 8702, 8703, 8704, 8711 Completely Knocked Down (CKD) forms of electric vehicles - Passenger vehicles, Bus and Trucks, Three wheelers, Two wheelers. 10% 15% The above changes are being carried out by amending S. Nos 525, 526A, 531A of notification No 50/2017-Customs dated 30th June, 2017 vide notification No 1/2020-Customs dated 2nd February, 2020. (2) BCD on Completely Built Units (CBUs) of commercial vehicles [ other than electric vehicles] falling under headings 8702 and 8704, is being increased from 30 to 40% [with effect from 1.04.2020] by amending S.No. 524 of notification No. 50/2017-Customs, dated 30th June, 2017 vide notification No. 1/2020, dated 2nd February, 2020 refers. Consequently, Completely Built Units (CBUs) of commercial vehicles including electric vehicles will attract 40 % BCD with effect from 1.04.2020 (3) CBU of all commercial vehicles (including electric commercial vehicles) falling under headings 8702 and 8704 is being exempted from levy of Social Welfare Surcharge with effect from 01.04.2020 by amending notification 11/2018-Customs dated 2.02.2018 vide notification No. 9/2020-Customs dated 2nd February, 2020. Ch .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... increasing the tariff rate. [Clause 115(a) of the Finance Bill 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (3) BCD on all goods falling under heading 9404, is being increased from 20% to 25%, by increasing the tariff rate. [Clause 115(a) of the Finance Bill 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. (4) BCD on all goods falling under heading 9405, is being increased from 20% to 25%, by increasing the tariff rate. [Clause 115(a) of the Finance Bill 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. Chapter 95 (1) BCD on all goods (toys and dolls etc.) falling under headings 9503, is being increased from 20% to 60%, by increasing the tariff rate. [Clause 115(a) of the Finance Bill 2020 refers]. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this increase will come into force with immediate effect. Chapter 96 (1) BCD on all goods falling under head .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... f specified military equipment under notification No. 19/2019-Customs dated 6th July, 2019, is being extended on imports by Defence PSUs and other PSUs for defence forces by amending notification No. 19/2019-Customs dated 6th July, 2019 vide notification No. 3/2020-Customs dated 2nd February, 2020. (2) S. No. 408 (and Condition 51) of the notification No. 50/2017-Customs, dated 30th June, 2017 provides concessional BCD rate of 5% on item for renovation and modernization of Fertilizer plants. It requires a techno-economic clearance from Department of Fertilizer. The Condition No. 51 is being amended so as to remove this requirement. notification No. 50/2017-Customs, dated 30th June, 2017, as amended vide notification No.1/2020-Customs, dated 2nd February, 2020 refers. (3) Technical changes of clarificatory nature are being made in Condition No. 78 so as to make it consistent with the entry at S. No. 539 of notification No. 50/2017-Customs, dated 30th June, 2017. The said S. No. 539 deals with re-export of ground equipment imported for testing the satellite or payload, within a period of six months. (4) A separate new Condition (No. 107) is being prescribed for S. No. 539A, which dea .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... 2020-Customs dated 2nd February, 2020. Further, Paper Money is being exempted by inserting new S. No. 304A in notification No. 50/2017-Customs as amended by notification No. 1/2020-Customs dated 2nd February, 2020.] 22/2007-Customs dated 1.3.2007 Preferential rates on certain CTH 14/2004-Customs dated 8.1.2004 Water supply projects for industrial and agricultural use exempted under Project Imports ANNEX B SOCIAL WELFARE SURCHARE Note: Social Welfare Surcharge (SWS) means duty of customs levied vide section 110 for Finance Act, 2018. I. Exemption from levy of SWS Levy of Social Welfare Surcharge (SWS) on specified items as under is being exempted. Notification No. 11/2018-Customs, dated 2nd February, 2018, as amended vide notification No. /2020 dated 2nd February, 2020 refers. S.No. HS Code Description (1) (2) (3) 1 0404 10 10 Whey, concentrated, evaporated or condensed, liquid or semi solid 2 0406 90 00 Cheese, Other 3 0601,0602 Bulbs or tubers, other live plants 4 0802 12 00 Almonds, Shelled 5 0802 31 00 Walnuts, in shell 6 0802 32 00 Walnuts, shelled 7 1001 11 00, 1001 91 00, 1001 99 20 Wheat and Meslin 8 1001 90 Maize 9 1704 10 00 Chewing Gum 10 1901 10 Preparations for infant u .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... falling under sub-heading 8443 99) of all goods falling under tariff item 8443 31 00 and sub-heading 8443 32. 13. Units of automatic data processing machines falling under sub-heading 8517 62. 14. All goods falling under tariff items 8528 42 00, 8528 52 00 or 8528 62 00. 15. All goods falling under tariff item 8443 31 00 or sub-heading 8443 32. 16. All goods falling sub-heading 8473 30. 17. Parts and accessories (heading 8529) of goods falling under tariff items 8528 42 00, 8528 52 00 or 8528 62 00. 18. Automatic Teller Machines falling under tariff item 8472 90 30. 19. Printed circuit assemblies of word processing machines and units thereof, falling under sub-heading 8473 40. 20. Printed circuit assemblies for automatic teller machines, falling under sub­heading 8473 40. 21. Static converters for automatic data processing machines, and units thereof, and telecommunication apparatus, falling under sub-heading 8504 40. 22. Other inductors for power supplies for automatic data processing machines and units thereof, and telecommunication apparatus, falling under sub-heading 8504 50. 23. Printed circuit assemblies falling under sub-heading 8504 90 for- (i) static convertors for aut .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... -chip technology) for a voltage not exceeding 1000 volts, falling under sub-heading 8536 50. 38. Electromechanical snap-action switches for a current not exceeding 11 amps, switches of contact rating less than 5 Amp at voltage not exceeding 250 volts, falling under sub- heading 8536 50. 39. Plugs and sockets for coaxial cables and printed circuits, falling under sub­heading 8536 69. 40. Connection and contact elements for wires and cables, falling under sub-heading 8536 69. 41. Wafer probers, falling under sub-heading 8536 90; 42. Printed circuit assemblies all falling under sub-heading 8538 90 for the following goods of heading 8536 - (i) electronic ac switches consisting of optically coupled input and output circuits (insulated thyristor ac switches); (ii) electronic switches, including temperature protected electronic switches, consisting of a transistor and a logic chip (chip-on-chip technology) for a voltage not exceeding 1000 volts; (iii) electro-mechanical snap-action switches for a current not exceeding 11 amperes, switches of contact rating less than 5 amperes at voltage not exceeding 250 volts; (iv) plugs and sockets for co-axial cables and printed circuits; (v) conne .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ₹ 440 per thousand 2402 20 50 Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) exceeding 70 millimetres but not exceeding 75 millimetres ₹ 145 per thousand ₹ 545 per thousand 2402 20 90 Other ₹ 235 per thousand ₹ 735 per thousand 2402 90 10 Cigarettes of tobacco substitutes ₹ 150 per thousand ₹ 600 per thousand 2403 11 10 Hookah or gudaku tobacco 10% 25% 2403 19 10 Smoking mixtures for pipes and cigarettes 45% 60% 2403 19 90 Other 10% 25% 2403 91 00 Homogenised or reconstituted tobacco 10% 25% 2403 99 10 Chewing tobacco 10% 25% 2403 99 20 Preparations containing chewing tobacco 10% 25% 2403 99 30 Jarda scented tobacco 10% 25% 2403 99 40 Snuff 10% 25% 2403 99 50 Preparations containing snuff 10% 25% 2403 99 60 Tobacco extracts and essence 10% 25% 2403 99 90 Other 10% 25% ANNEX D RETROSPECTIVE CHANGES RELATING TO GST (1) Central Tax, Union Territory Tax and Integrated tax is being exempt on fishmeal falling under tariff heading 2301 for the period 01.07.2018 to 30.09.2019. [Clause 130,133 and 137 of the Finance Bill, 2020 refers]. (2) Levy of 6 .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||