https://www.taxtmi.com/news?id=2924 The Union Budget 2012-13 revises tariff treatment: basic customs duty on plant and machinery for iron ore pellet and beneficiation plants is reduced to 2.5 percent; coating material for electrical steel reduced to 5 percent; duties on nickel ores and nickel compounds set to nil. Basic duty on non-alloy flat rolled steel is increased to 7.5 percent and export duty on chromium ore raised to an ad valorem rate. Full exemptions from basic customs duty are proposed for automatic shuttle-less looms, automatic silk reeling and processing machinery and their parts, waste paper, LCD and LED TV panels, and memory card parts for mobile phones. en-us Fri, 16 Mar 2012 13:59:47 +0530 Fri, 16 Mar 2012 13:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2924 The Union Budget 2012-13 revises tariff treatment: basic customs duty on plant and machinery for iron ore pellet and beneficiation plants is reduced to 2.5 percent; coating material for electrical steel reduced to 5 percent; duties on nickel ores and nickel compounds set to nil. Basic duty on non-alloy flat rolled steel is increased to 7.5 percent and export duty on chromium ore raised to an ad valorem rate. Full exemptions from basic customs duty are proposed for automatic shuttle-less looms, automatic silk reeling and processing machinery and their parts, waste paper, LCD and LED TV panels, and memory card parts for mobile phones. News - Fri, 16 Mar 2012 13:59:47 +0530 https://www.taxtmi.com/news?id=2924