TaxTMI 
TaxTMI 
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 be precise )
Thanks and Regards,
Atul Deshmukh
Revised Basic Customs Duty & Excise Duty on Chapter 27 in Union Budget 2016-17
01 Mar 2016 
2 Replies 
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Basic customs duty rationalisation: reduced uniform rates for petroleum and related HS headings under amended customs notifications.
Amendments to Notification No.12/2012-Customs rationalise Basic Customs Duty across Chapter 27: uniform lower BCDs are assigned to the subgroups covering 2701-2703 and 2707, different uniform BCDs to 2704-2706 and 2708, and certain prior schedule serial numbers are omitted; the response references the amended notifications but does not state any revised excise duty. (AI Summary)
Amendments to Notification No.12/2012-Customs rationalise Basic Customs Duty across Chapter 27: uniform lower BCDs are assigned to the subgroups covering 2701-2703 and 2707, different uniform BCDs to 2704-2706 and 2708, and certain prior schedule serial numbers are omitted; the response references the amended notifications but does not state any revised excise duty. (AI Summary)