Tuesday, March 15, 2011

CUSTOM DUTY


  • The basic customs duty rates of 2%, 2.5% and 3% unified at the rate of 2.5%.
  • Special additional duty on the clearances from SEZ to DTA exempted provided they are not exempt from the levy of VAT/sales tax.
  • Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent.
  • Basic customs duty on raw silk reduced from 30 to 5 per cent.
  • Basic customs duty on solar lantern or lamps reduced from 10 to 5%.
  • CVD exempted fully on LEDs used for manufacture of LEDs light & fixtures.
  • Fully exemption from basic custom duty is being extended battery charger, hands free, head phones and PC connectivity cable of mobile handset including cellular phones.
  • Basic customs duty on bamboo used for manufacture of agarbattis is being reduced from 30% to 10%.
  • The government has added a fixed excise duty of Rs.160 per ton on cement and reduced custom duty on pet coke and gypsum, key inputs for the sector.

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