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

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=4861 The Budget adjusts indirect tax measures: it reduces duty on specified machinery for leather manufacture and on pre-forms of precious and semi-precious stones and withdraws export duty on a particular oilcake to promote exports. It raises duties to protect and encourage domestic production by increasing import duty on set top boxes and raw silk. Export duties are imposed on unprocessed and upgraded ilmenite to conserve resources, and customs and countervailing duties on steam and bituminous coal are equalised. en-us Thu, 28 Feb 2013 14:36:37 +0530 Thu, 28 Feb 2013 14:36:37 +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=4861 The Budget adjusts indirect tax measures: it reduces duty on specified machinery for leather manufacture and on pre-forms of precious and semi-precious stones and withdraws export duty on a particular oilcake to promote exports. It raises duties to protect and encourage domestic production by increasing import duty on set top boxes and raw silk. Export duties are imposed on unprocessed and upgraded ilmenite to conserve resources, and customs and countervailing duties on steam and bituminous coal are equalised. News - Thu, 28 Feb 2013 14:36:37 +0530 https://www.taxtmi.com/news?id=4861