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TMI BlogEXPLANATORY NOTES (CUSTOMS)X X X X Extracts X X X X X X X X Extracts X X X X ..... Schedule to the Finance Bill 2012 refers]. 26.4 Basic Customs duty on nickel ore concentrate classified under tariff item 2604 00 00 is being fully exempted. [S. No 118 of notification No. 12/2012-Customs dated 17.03.2012 refers] Chapter 27 27.1 Steam Coal classified under CTH 2701 19 20 is being fully exempted from basic customs duty alongwith 1% CVD. This dispensation would be valid upto 31st March, 2014. [S. No123 of notification No.12x/2012-Customs dated 17.03.2012 refers] 27.2 Basic customs duty Liquefied Natural Gas (LNG) and Natural Gas (NG) (2711), is being fully exempted when imported for generation of electrical energy by a power generating company [S. No139 of notification No. 12/2012-Customs dated 17.03.2012 refers] Chapter 28 28.1 Basic customs duty on nickel oxide hydroxide classified under 2825 40 00 is being reduced from 7.5% to Nil‟. [S. No 161 of notification No.12/2012-Customs dated 17.03.2012 refers] 28.2 Basic customs duty on Ammonium Metavanadate, classified under heading 2841, is being reduced from 7.5% to 2.5%. [S. No 162 of notification No. 12/2012-Customs dated 17.03.2012 refers] 28.3 Basic customs duty on Iodine classified u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n No. 12/2012-Customs dated 17.03.2012 refers] Chapter 40 40.1 Basic customs duty and additional customs on pneumatic tyres (new or retreaded) for aircraft is being fully exempted subject to conditions [S.Nos.249 250 of notification No. 12/2012 customs dated 17.03.2012 refers] Chapter 41 to 43 No Change Chapter 44 44.1 Wood in rough falling under heading 4403 has been exempted from Special CVD. [S. No 56 of notification No. 21/2012-Customs dated 17.03.2012 refers] Chapter 45 to 46 No Change Chapter 47 47.1. Basic Customs duty on waste paper, falling in heading 4707, is being fully exempted from basic customs duty. [S. No.262 of notification No. 12/2012-Customs dated 17.03.2012 refers] Chapter 48 48.1. A chapter note in chapter 48 is being inserted to provide that if paper and paper products of headings 4811, 4816 or 4820 are printed with any character, name, logo, motif or format, they shall remain classified under chapter 48 as long as such products intended to be used for further printing. [Clause 127 read with Third Schedule to the Finance Bill 2012 refers]. Chapter 49 to 50 No Change Chapter 51 51.1 Basic customs duty on Wool Wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 17.03.2012 refers] 72.2 Prime quality cold rolled sheets of grain oriented (CRGO) Silicon electrical steel falling under tariff item 7225 11 00 or 7226 11 00 has been exempted from Special CVD. [S. No 79 of notification No. 21/2012-Customs dated 17.03.2012 refers] Chapter 73 73.1 Basic Customs duty on pipes and tubes for use in manufacture of boilers falling in chapter 73 of the customs tariff, has been reduced from 10% to 7.5%. [S. No335 of notification No. 12/2012-Customs dated 17.03.2012 refers] Chapter 74 74.1 The description of goods falling in tariff item nos. 7404 00 12 and 7404 00 22 of the customs tariff has been aligned with revised ISRI code [Clause 128 read with Third Schedule to the Finance Bill 2012 refers]. 74.2 Brass Scrap falling under tariff item 7404 00 29 has been exempted from Special CVD. [S. No 80 of notification No. 21/2012-Customs dated 17.03.2012 refers] Chapter 75 75.1 The description of goods falling in tariff item no. 7503 00 10 of the customs tariff has been aligned with revised ISRI code [Clause 128 read with Third Schedule to the Finance Bill 2012 refers]. Chapter 76 76.1 The description of goods falling in tariff item no. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f wind operated generators. [S. No 362 of notification No. 12/2012-Customs dated 17.03.2012 refers] 84.6 An unconditional full exemption from Basic Customs Duty and additional duty of customs (CVD) is being provided to tunnel boring machines and parts and components thereof for use in the assembly of Tunnel boring machines. [S. No 397 of notification No. 12/2012-Customs dated 17.03.2012 refers] In addition the full exemption from basic customs duty and CVD is being extended to Tunnel Excavation Lining Equipments consisting of Drilling Jumbos, Loaders, Tunnel excavators, Shotcrete Machines and 3 Stage Crushers for use in highway development projects [S. No 368 of notification No. 12/2012-Customs dated 17.03.2012 refers] 84.7 The benefit of existing exemption from Customs duty on Road Construction equipment is being extended to projects awarded by Metropolitan Development Authority also. [S. No 368 of notification No. 12/2012-Customs dated 17.03.2012 refers] 84.8 Basic customs duty on Power weeding machine for coffee plantations, Coffee grinder, Coffee processing machine, sprayers, Coffee packaging machine, Coffee bagging machine and mechanical harvester for coffee plantation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n a single sequence using the maximum storage (including expanded) capacity. [Notification No. 25/2005-Customs dated 1.03.2005 as amended by notification No. 15/2012-Customs dated 17.03.2012 refers]. Basic Customs Duty on parts and components of such cameras is being reduced to 5% subject to actual user condition [S. No 429 of notification No. 12/2012-Customs dated 17.03.2012 refers] 85.8 Basic customs, additional customs duty and special additional duty of customs (SAD) on Lithium ion automotive battery for manufacture of Li ion battery packs for supply to hybrid/electric vehicle manufacture is being reduced from 10% to Nil, 10% to 6% and 4% to Nil respectively [S. No 438 of notification No. 12/2012-Customs dated 17.03.2012 and S. No 6 of notification No. 21/2012-Customs dated 17.03.2012 refers] Chapter 86 86.1 Basic customs duty on Track Machines and parts classified under CTH 86 is being reduced from 10% to 7.5% [S. No 436 of notification No. 12/2012-Customs dated 17.03.2012 refers] 86.2 Basic customs duty on Train Protection and Warning System is being reduced from 10% to 7.5%. [S. No 435 of notification No. 12/2012-Customs dated 17.03.2012 refers] Chapter 87 87 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms both dated 17.03.2012 refer] Chapter 90 90.1 Basic Customs Duty is being reduced to 2.5% along with 6%CVD and Nil SAD on specified raw materials viz. Polypropylene, Stainless Steel Strip and Stainless Steel capillary tube for manufacture of syringe, needle, catheters, and cannulae on actual user basis. [S. No 475 of notification No. 12/2012-Customs dated 17.03.2012 refers] 90.2 Full exemption from basic customs duty, CVD and SAD is being provided to specified raw materials viz. stainless steel tube and wire, cobalt chromium tube, Hayness Alloy-25 and polypropylene mesh required for manufacture of Coronary stents/ coronary stent system and artificial heart valve on actual user basis. [S. No 476 of notification No. 12/2012-Customs dated 17.03.2012 refers] 90.3 Basic Customs Duty is being reduced to 2.5% with 6% CVD and Nil SAD on parts of Blood Pressure Monitors and Blood glucose monitoring systems (Gluco-meters) on actual user basis [S. No 477 of notification No. 12/2012-Customs dated 17.03.2012 refers] 90.4 BCD is being reduced to 2.5% ad valorem on survey(DGPS) instruments, 3D modeling software for ore body simulation cum mine planning and exploration (geophysics an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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