Revised Basic Customs Duty & Excise Duty on Chapter 27 in Union Budget 2016-17

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..... Revised Basic Customs Duty & Excise Duty on Chapter 27 in Union Budget 2016-17
Query (Issue) Started By: - Atul Deshmukh Dated:- 1-3-2016 Last Reply Date:- 1-3-2016 Customs - Exim - SEZ
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Customs
Dear Sir, Could you please inform the revised Basic Customs Duty ( BCD ) and Excise Duty on Chapter 27 product ?. Previously It was 5% and 14% respectively. (HS Code 27101960 to .....

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..... be precise ) Thanks and Regards, Atul Deshmukh Reply By Mukund Thakkar: The Reply: Chapter 27: 1) Basic Customs Duty on all goods falling under 2701, 2702 and 2703 is being rationalized at 2.5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated 1st March, 2016 [New S.Nos.121B, 121C] refer. 2) Basic Customs Duty on all goods falli .....

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..... ng under 2704, 2705 and 2706 is being rationalized at 5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New S.No.121D] refers. 3) Basic Customs Duty on all goods falling under 2707 is being rationalized at 2.5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-C .....

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..... ustoms, dated the 1st March, 2016 [New S.No.121E] refers. 4) Basic Customs Duty on all goods falling under 2708 is being rationalized at 5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New S.No.121F] refers Consequently, S. No. 122, 122A, 123, 124, 124A, 125, 126, 126A, 126B and 126C are being omitted. plea .....

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..... se refer above changes in budget for custom duty. Reply By Atul Deshmukh: The Reply: Thanks a lot, Mukund Ji. What is BCD on Chapter 2710 ?
Discussion Forum - Knowledge Sharing .....

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