Many Concessions in Customs Duty Announced Duty on Certain Machinery for Manufacture of Leather and Leather Goods Reduced Duty on Pre-Forms of Precious and Semi-Precious Stones Drastically cut However, to Encourage Domestic Production Duty on set Top Boxes Doubled; Duty on Raw Silk Tripled https://www.taxtmi.com/news?id=4837 Customs duty rates were restructured: machinery for leather manufacture reduced to 5% from 7.5% to support exports; pre-forms of precious and semi-precious stones reduced to 2% from 10% and export duty on de-oiled rice bran oil cake withdrawn. Duty on set top boxes was doubled to 10% and raw silk increased to 15% to encourage domestic production and protection. Export duties were introduced on ilmenite-10% on unprocessed and 5% on upgraded-to conserve resources; steam and bituminous coal duties were equalised at 2% customs duty and 2% CVD. en-us Thu, 28 Feb 2013 13:50:11 +0530 Thu, 28 Feb 2013 13:50:11 +0530 TaxTMI RSS Generator Many Concessions in Customs Duty Announced Duty on Certain Machinery for Manufacture of Leather and Leather Goods Reduced Duty on Pre-Forms of Precious and Semi-Precious Stones Drastically cut However, to Encourage Domestic Production Duty on set Top Boxes Doubled; Duty on Raw Silk Tripled https://www.taxtmi.com/news?id=4837 Customs duty rates were restructured: machinery for leather manufacture reduced to 5% from 7.5% to support exports; pre-forms of precious and semi-precious stones reduced to 2% from 10% and export duty on de-oiled rice bran oil cake withdrawn. Duty on set top boxes was doubled to 10% and raw silk increased to 15% to encourage domestic production and protection. Export duties were introduced on ilmenite-10% on unprocessed and 5% on upgraded-to conserve resources; steam and bituminous coal duties were equalised at 2% customs duty and 2% CVD. News - Thu, 28 Feb 2013 13:50:11 +0530 https://www.taxtmi.com/news?id=4837