https://www.taxtmi.com/article/detailed?id=2048 Budget maintains a 12 percent excise framework and a 10 percent peak basic customs duty while enacting targeted customs and excise measures: customs concessions extended for electric/hybrid vehicle parts and MRO industry; duty reductions for specified leather machinery and gemstone pre-forms; export duty adjustments for agricultural and mineral products; increases for set-top boxes, raw silk and luxury imports; and equalization of coal duties. Excise measures include zero-rating at fibre stage for cotton in garments, exemptions for handmade carpets, relief for shipbuilding and imported ships, higher specific duties on tobacco and certain vehicles and goods, proposed duty on smelted silver, and MRP-based valuation for traditional medicaments. en-us Thu, 28 Feb 2013 17:56:53 +0530 Thu, 28 Feb 2013 17:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2048 Budget maintains a 12 percent excise framework and a 10 percent peak basic customs duty while enacting targeted customs and excise measures: customs concessions extended for electric/hybrid vehicle parts and MRO industry; duty reductions for specified leather machinery and gemstone pre-forms; export duty adjustments for agricultural and mineral products; increases for set-top boxes, raw silk and luxury imports; and equalization of coal duties. Excise measures include zero-rating at fibre stage for cotton in garments, exemptions for handmade carpets, relief for shipbuilding and imported ships, higher specific duties on tobacco and certain vehicles and goods, proposed duty on smelted silver, and MRP-based valuation for traditional medicaments. Articles Customs - Import - Export - SEZ Thu, 28 Feb 2013 17:56:53 +0530 https://www.taxtmi.com/article/detailed?id=2048