Customs Tariff
Schedule Rate Amended for Marble
· Govt
Take Powers to Raise to 40%, Effective Rate Continue at 10%
A.
Schedule
Rate of Duty
B.
Effective
Duty
C. Not change in duty on Dolomite
only entry number changed to 110B from 110A
THE TAXATION LAWS
(AMENDMENT) BILL, 2016 (Bill No. 215-C
of 2016)
As
Passed by Lok Sabha on 10.08.2016
A
BILL further to amend the Income-tax Act, 1961 and the Customs Tariff
Act, 1975.
In
the Customs Tariff Act, 1975, in the First Schedule,—
(a) in Chapter 25, for
the entry “10%” in column (4) occurring against tariff items 2515 11 00, 2515
12 10, 2515 12 20, 2515 12 90, 2516 11 00 and 2516 12 00, the entry “40%” shall
respectively be substituted;
(b) in Chapter 68, for
the entry “10%” in column (4) occurring against tariff items 6802 10 00, 6802
21 10, 6802 21 20, 6802 21 90, 6802 23 10, 6802 23 90, 6802 29 00, 6802 91 00,
6802 92 00 and 6802 93 00, the entry “40%” shall respectively be substituted.
[Customs Notification No. 48
dated 8th September 2016]
In exercise of the
powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52
of 1962), the Central Government being satisfied that it is necessary in the
public interest so to do, hereby makes the following further amendments in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue) No.12/2012-Customs dated the 17th March, 2012, published in the
Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.185(E) dated the 17th March, 2012,
namely:-
In the said
notification, in the Table,-
(a) for serial number 110A and the entries
relating thereto, the following serial number and the entries shall be
substituted, namely :-
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
“110A |
2515 11 00, 2515 12 10, 2515 12 20, 2515 12 90, 2516 11 00, 2516 12 00 |
All goods |
10% |
- |
- |
|
110B |
2518 |
Dolomite for metallurgical use conforming to IS:10346-2004 |
2.5% |
- |
-”; |
(b) after serial number 303 and the entries relating
thereto, the following serial number and the entries shall be inserted, namely
:-
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
“303A |
6802 10 00, 6802 21 10, 6802 21 20, 6802 21 90, 6802 23 10, 6802 23
90, 6802 29 00, 6802 91 00, 6802 92 00, 6802 93 00 |
All goods |
10% |
- |
-”. |
[F.
No.354/72/2015-TRU (Pt.)]