Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Notification amends notification No. 11/2021-Customs dated 1st ...


Govt revises Agriculture Infrastructure & Development Cess (AIDC) on precious metals & other items. Rates reduced substantially.

Notifications     Customs

July 23, 2024

Notification amends notification No. 11/2021-Customs dated 1st February, 2021 to revise Agriculture Infrastructure and Development Cess (AIDC) on certain items. AIDC on Precious Metals reduced substantially. For Sl. No. 15A, entry in column (4) substituted with "1.4%". For Sl. No. 15B, 15C and 15E, entry substituted with "0.35%". For Sl. No. 15D, 15F and 15G, entry substituted with "1%". Notification comes into force on 24th July, 2024.

View Source

 


 

You may also like:

  1. Notification No. 11/2021 - Customs is being amended to revise the Agriculture Infrastructure and Development Cess (AIDC) rates on certain goods with effect from...

  2. Levy and collection of Special Additional Excise Duty (SAED), Road and Infrastructure Cess (RIC), and Agriculture Infrastructure and Development Cess (AIDC) on removal...

  3. Notification extends exemption condition for imports of Yellow Peas (HS 0713 10 10) to bill of lading issued until 31.12.2024. Imposes 20% export duty on Onions (HS 0703...

  4. Effective rate of Agriculture Infrastructure and Development Cess for specified goods - Notification No. 11/2021-Customs dated 01.02.2021 in order to prescribe the AIDC...

  5. Infrastructure Cess - An Infrastructure Cess, as a duty of excise, imposed on motor vehicles falling under heading 8703. - By virtue of declaration under the Provisional...

  6. Removal of gold Sludge without payment of duty - waste and scrap of containing precious metal or precious metal compounds - demand of duty confirmed - penalty waived - AT

  7. Classification of goods - HSN Code - rate of GST - Old Watches - Wrist watches, pocket-watches and other watches, including stopwatches, with case of precious metal or...

  8. Union Budget 2012-2013 - Strengthening Investment Environment – Infrastructure And Industrial Development

  9. Foreign Exchange Management Act, 1999-Import of gold in any form including jewellery made of gold/precious metals or/and studded with diamonds/semi-precious/precious...

  10. Import policy - Changed from Free to Restricted - WASTE AND SCRAP OF PRECIOUS METAL OR OF METAL CLAD WITH PRECIOUS METAL; OTHER WASTE AND SCRAP CONTAINING PRECIOUS METAL...

  11. GST Rates - HSN Code - Bangles of base metal, whether or not plated with precious metals, falls under tariff item 7117 19 10 and attract 3% GST.

  12. Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver - The amendment introduces revised tariff values for several categories of goods under...

  13. The summary is as follows: The automobile cess is levied under the Industries (Development Regulation) Act, 1951, and the Automobile Cess Rules, 1984, while the...

  14. Notification issued by the Ministry of Finance, under the authority of the Customs Act, 1962 and the Customs Tariff Act, 1975 exempting gold imports under Customs Tariff...

  15. Exemption from levy of whole of Basic Customs Duty and Agriculture Infrastructure and Development Cess - Issuance of license is only procedural aspect and in any case,...

 

Quick Updates:Latest Updates