Customs on project imports attracting 7.5% has been
reduced to 5%.
B. CHEMICALS & PETROCHEMICALS:
1) Customs duty on crude and unrefined sulphur has
been reduced from 5% to 2%.
2) Customs duty on phosphoric acid has been unified
at 5% irrespective of its use.
3) Customs duty exemption presently available on
naphtha for manufacture of specified polymers has been withdrawn.
C. EXPORT PROMOTION
1) Customs duty on unworked or simply prepared
corals has been reduced from 10% to 5%.
2) Customs duty on rough cubic zirconia reduced
from 5% to Nil.
3) Customs on cubic zirconia -polished reduced from
10% to 5%.
4) Customs duty on tuna bait has been reduced from
30% to Nil.
5) Customs duty on specified machinery for
manufacture of sports goods has been reduced from 7.5% to 5%.
6) Customs duty on specified raw materials for
manufacture of sports goods for export has been reduced from 10% to
Nil, upto 3% of FOB value of exports in the preceding year.
D. DAIRY/POULTRY
1) Customs duty on bactofuges has been reduced from
7.5% to Nil.
2) Customs on feed additives / pre-mixes reduced
from 30% to 20%.
E.INFORMATION TECHNOLOGY INDUSTRY
1) Customs duty on specified convergence products
has been reduced from 10% to 5%.
2) Customs duty on specified raw materials and
inputs for use in IT/electronic hardware industry has been reduced
from 10% / 7.5% to Nil, on end-use basis.
3) Customs duty on specified parts of set-top boxes
has been reduced from 7.5% to Nil on end-use basis.
F. DRUGS AND KITS:
1) Customs duty on six specified drugs/kits, and
bulk drugs for their manufacture, has been reduced from 10% to 5%
with Nil CVD by way of excise duty exemption. These drugs are used
in the treatment of cancer/diabetes/asthma/Hepatitis B etc.
2) Customs duty on specified raw materials for
manufacture of ELISA kits has been reduced from 10%/7.5% to 5%.
G. METALS:
1) Customs on iron or steel melting scrap reduced
from 5% to Nil.
2) Customs on aluminium scrap has been reduced from
5% to Nil.
H. NCCD:
National Calamity Contingent duty of 1% currently
leviable on Polyester filament yarn has been withdrawn.
I. OTHER RELIEF MEASURES:
1) Duty on specified raw materials for tyre
industry has been reduced from 10% to 5%.
2) Duty on helicopter simulators reduced from 10%
to Nil.
J. TOBACCO PRODUCTS:
Customs on cigars, cheroots and cigarillos increased
from 30% to 60%.
K. 4% ADDITIONAL DUTY OF CUSTOMS:
Exemption from additional duty of customs of 4%
levied under section 3(5) of Customs Tariff Act, 1975 has been
withdrawn from power generation projects (other than mega power
projects), transmission, sub-transmission and distribution projects,
and goods for high voltage transmission projects.
L. EXPORT DUTY:
Export duty rate on chromium ores and concentrates,
all sorts, has been increased from Rs.2000 PMT to Rs.3000 PMT.
M. MISCELLANEOUS:
1) The period for re-export of leased equipment and
machinery, imported for temporary use in contracts, has been
increased from 12 months to 18 months. The slab rates of duty
applicable on such imports have now been provided on a quarterly
basis, as against half-yearly basis provided earlier. The rates have
also been aligned with the rates of drawback admissible under
section 74(2) of the Customs Act, 1962, depending on the period of
retention of the goods in India. No drawback, however, will be
admissible when such leased goods are re-exported.
2) The rates of drawback, in respect of goods which
have been used after importation, have been aligned with the rates
prescribed for duty payable on leased equipment and machinery,
imported for temporary use in contracts, depending on the period of
retention in India. The maximum period of retention of such goods,
for admissibility of drawback, has been reduced from 36 months to 18
months.
3) Concessional customs duty of 5% provided on
polymer long rod insulators has been restricted to polymer long rod
insulators of 765 KV rating only.
4) Customs duty and CVD on 0.177 calibre airguns
have been exempted. Consequently, 4% additional duty of customs
shall also be exempted on these airguns.
5) Tariff rate of Rs.2000 per 1000 kWh has been
prescribed on ‘electrical energy’. However, the effective rate will
be Nil.
