EXPLANATORY NOTES (CUSTOMS)-Budget 2007

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....e Bill, 2007 refers). B.2 This Cess will be calculated in the same manner as Education Cess imposed in Budget 2004. The existing Cess of 2% and proposed Cess of 1% are to be excluded while calculating both the Cesses. C. Export Duty: C.1 Export duty has been imposed on: a) Iron ores and concentrates, all sorts @ Rs.300 per tonne. b) Chromium ores and concentrates, all sorts @ Rs.2000 per tonne. For this purpose, the Second Schedule to the Customs Tariff Act, 1975 has been suitably amended. C.2 By virtue of the declaration under the Provisional Collection of Taxes Act, 1931 this levy will come into force with immediate effect (Clause 105 (ii) read with Third Schedule of the Finance Bill, 2007 refers). Chapter 5. 5.1 Customs duty on unworked or simply prepared corals (0508 00 10) has been reduced from 30% to 10%. (S.No. 547 of the notification No. 21/2002-Customs as inserted vide notification No 20/2007-Customs refers). Chapter 13 13.1 Customs duty on dammar batu (1301 90 22) has been reduced from 30% to 20%. (S.No. 548 of the notification No. 21/2002-Customs as inserted vide notification No 20/2007-Customs refers). Chapter 15. 15.1 Customs duty on Glycerol waters and gly....

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....ntry refers). 28.2 Customs duty on all other goods falling under this Chapter (except titanium dioxide) has been reduced to 7.5%. (S.No. 552 of notification No. 21/2002-Customs as inserted vide notification No. 20/2007-Customs refers). 28.3 Duty on titanium dioxide will be at 10%. (S.No. 6 of the notification No. 21/2007-Customs refers) 28.4 There is no change in duty on items attracting duty at rates lower than 7.5%. 28.5 Customs duty on borax or boric acid (2810) has been reduced from 10% to 5%. (S.No. 522 of the notification No. 21/2002-Customs as amended vide notification No. 20/2007-Customs refers). 28.6 Customs duty exemption on chemicals falling under Chapter 28 or 29, for use in the manufacture of Centchroman has been withdrawn and they will now attract duty @ 10% or 7.5% as the case may be (S.No. 79 of notification No. 21/2002-Customs omitted vide notification No. 20/2007-Customs refers). Chapter 29. 29.1 Customs duty on all goods (except mannitol, sorbitol and caprolactam) has been reduced to 7.5%. (S.No. 553 of notification No. 21/2002-Customs as inserted vide notification No. 20/2007-Customs refers) 29.2 There is no change in duty on items attracting duty at rat....

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....00 and 3824 (except 3824 60) has been reduced to 7.5%. (S.No. 558 of notification No. 21/2002-Customs as inserted vide notification No. 20/2007-Customs refers). 38.2 Duty on items falling under tariff item 3809 10 00 and sub-heading 3824 60 will continue to be at 20%. (S.No. 491 of the notification No. 21/2002-Customs refers). Chapter 39. 39.1 Customs duty on polymers and copolymers in primary forms falling under headings 3901 to 3907 and 3909 to 3914 and waste parings and scrap of plastics falling under heading 3915 has been reduced to 7.5%. (S.No. 559 of the notification No. 21/2002 Customs as inserted vide notification No. 20/2007-Customs refers). 39.2 The general rate of duty on polyamides in primary forms falling under heading 3908 and all goods falling under headings 3916 to 3926 will be at 10%. (S.No. 18 of notification No. 21/2007-Customs refers). 39.3 Description of goods eligible for concessional rate of 5% customs duty under S.No. 494 of notification No. 21/2002-Customs has been changed to Ethylene vinyl acetate (EVA). (S.No. 494 of notification No. 21/2002-Customs as amended vide notification No. 20/2007-Customs refers). Chapter 40 40.1 Customs duty on butyl rub....

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....-Customs refers). 71.2 Customs duty on rough synthetic gemstones falling under heading 7104 has been reduced from 12.5% to 5%. (S.No. 561 of notification No. 21/2002-Customs as inserted vide notification No. 20/2007-Customs refers). Chapter 72 72.1 Customs duty on seconds and defectives of iron and steel has been reduced from 20% to 10% (S.No. 330 of notification No 21/2007-Customs refers). Chapters 84 and 85 84.1 Concessional customs duty of 5% on specified plantation machinery, which is valid upto 30.04.07 is being extended by two years i.e. upto 30.04.09. [Clause (b) in the Proviso to the preamble of notification No.21/2002-Customs as amended by notification No. 20/2007-Customs refers.] 84.2 Customs duty on Sprinklers and drip irrigation systems for agricultural & horticultural purposes is being reduced from 7.5% to 5%.( S.No. 562 of notification No.21/2002-Customs as inserted vide notification No. 20/2007-Customs). 84.3 Customs duty on Food Processing machinery and their parts is being reduced from 7.5% to 5%.( S.No. 563 of notification No.21/2002-Customs as inserted vide notification No. 20/2007-customs). 84.4 Customs duty on presses and other machinery for manufacturin....