ananlysis of variation in gdp caused by custom duties

8/18/2019 Ananlysis of Variation in GDP Caused by Custom Duties

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CUSTOMS Note: (a) "Customs Duty" means the customs duty levied under the

Customs Act, !#$ (%) "C&D" means the Additional Duty o' Customs levied under

su%section () o' section o' the Customs Tari* Act, !+$ (c) "SAD" means the

S-ecial Additional Duty o' Customs levied under su%section () o' section o' the

Customs Tari* Act, !+$ (d) "./-ort duty" means duty o' customs levia%le on 0oods

s-eci1ed in the Second Schedule to the Customs Tari* Act, !+$ (e) Clause nos$ ins2uare %rac3ets 4 5 indicate the relevant clause o' the 6inance 7ill, #8$

Amendments carried out throu0h the 6inance 7ill, #8 come into e*ect on the date

o' its enactment unless other9ise s-eci1ed$ AM.NDM.NTS N T;. CUSTOMS ACT,

!#: ) Clause (n) o' su%section (#) o' section is %ein0 amended to include

"desi0ns and 0eo0ra-hical indications" so as to -rovide 'or -rotection o' these

ri0hts$ 4Clause

'urther -eriod not e/ceedin0 thirty days at a time$ 4Clause 5 ) Section ! is

%ein0 su%stituted to -rovide that any 9arehoused 0oods may %e e/-orted to a -lace

outside ndia 9ithout -ayment o' im-ort duty i' a shi--in0 %ill or a %ill o' e/-ort in

-rescri%ed 'orm or la%el or declaration accom-anyin0 the 0oods as re'erred to in

section =# has %een -resented in res-ect o' such 0oods$ 4Clause


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attem-t to avail o' dra9%ac3 or any e/em-tion 'rom duty -rovided under this Act, i'

the amount o' dra9%ac3 or e/em-tion 'rom duty e/ceeds >s$8 la3h$ Su%section

(+) -rovides that all other o*ences e/ce-t those s-eci1ed in su%section () shall %e

%aila%le$ 4Clause 5 ) A -roviso is %ein0 inserted in su%section (#A) o' section

#!7 to -rovide that in cases 9here the delay in dis-osin0 o' the a--eal is not

attri%uta%le to the a--ellant, the Tri%unal may e/tend the -eriod o' stay %y a -eriodnot e/ceedin0 = days = ! su%@ect to the condition that i' the a--eal is not

dis-osed o' 9ithin the total -eriod o' days 'rom the date o' order, the stay order

shall stand vacated$ 4Clause 5 s$8 la3h to >s$8 la3h$ 4Clause +5 ) n su%clauses (7) and (D) o' clause

(i) o' section (), the threshold limit 'or -unishment in an o*ence relatin0 to

evasion or attem-ted evasion o' duty or 'raudulently availin0 o' or attem-tin0 to

avail o' dra9%ac3 or any e/em-tion 'rom duty in connection 9ith e/-ort o' 0oods,

has %een increased 'rom >s$8 la3h to >s$8 la3h$ 4Clause =5 ) A ne9 clause (d)

is %ein0 inserted in section


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7au/ite (natural), calcined under headin0 tari* items #8888 and #888#8

res-ectively$ .*ective rate is %ein0 -rescri%ed at 8G (d) .ntries #CUETU>.A>O F>OC.SSNFEANTATON S.CTO>:

) 7asic customs duty on dehulled oat 0rain is %ein0 reduced 'rom 8G to G$ #)

7asic customs duty on haBel nuts is %ein0 reduced 'rom 8G to 8G$ ) ./-ort duty

o' 8G on deoiled rice %ran oil ca3e is %ein0 9ithdra9n$ $ AUTOMO7E.S: ) 7asic

customs duty on ne9 -assen0er cars and other motor vehicles (hi0h end cars) 9ith

C6 value more than USH AST>UCTU>.: ) 7asic customs duty on

steam coal is %ein0 increased 'rom Nil to #G and C&D 'rom G to #G$ #) 7asic

customs duty on %ituminous coal is %ein0 reduced 'rom G to #G and C&D 'rom G

to #G$ ) 7asic customs duty is %ein0 reduced 'rom +$G to G on #8 s-eci1ed

machinery 'or use in leather and 'oot9ear industry$ &$ A>C>A6TS I S;FS: ) 7asic

Customs Duty on yachts and motor %oats is %ein0 increased 'rom 8G to #G$ #)

Time limit 'or consum-tion o' im-orted 0oods %y shi- re-air units is %ein0 e/tended

'rom months to year$ ) Time -eriod 'or consum-tioninstallation o' -arts and

testin0 e2ui-ments im-orted 'or maintenance, re-air and overhaul (M>O) o'

aircra'ts %y units en0a0ed in such activities is %ein0 e/tended 'rom months to

year$


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C&D o' G and Nil SAD) 'or the s-eci1ed -arts o' electric and hy%rid vehicles is

%ein0 e/tended %y # more years u- to st March, #8$ &$ T.JTE.S: ) 7asic

customs duty on ra9 sil3 (not thro9n), o' all 0rades is %ein0 increased 'rom G to

G$ #) 7asic customs duty is %ein0 reduced 'rom +$G to G on te/tile machinery

I -arts$ J$ .E.CT>ONCS;A>DKA>.: ) 7asic customs duty on Set To- 7o/es 'or

T& is %ein0 increased 'rom G to 8G$ J$ MSC.EEAN.OUS: ) 6ull e/em-tion 'rom%asic customs duty and additional customs duty is %ein0 -rovided to tro-hy

im-orted %y National S-orts 6ederation reco0niBed %y the De-artment o' S-orts and

Louth A*airs or any S-orts 7ody re0istered under Societies >e0istration Act, in

connection 9ith any international tournament held in ndia$ #) Kithdra9al o'

e/em-tion 'rom education cess and secondary I hi0her education cess on aircra't

and aircra't -arts, soya%ean oil, olive oil etc

ananlysis of variation in gdp caused by custom duties

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