TaxTMI 
TaxTMI 
Seeks to further amend Notification No. 12/2012-Customs, dated the 17.03.2012 so as to carry out Budgetary changes. Details are contained in Joint Secretary (TRU –I) DO letter dated 29.02.2016
X X X X Extracts X X X X
X X X X Extracts X X X X
....all be substituted; (ii) after serial number 96 and the entries relating thereto, the following serial number and entries shall be inserted, namely :- (1) (2) (3) (4) (5) (6) "96A 2207 20 00 Denatured ethyl alcohol (ethanol) for use in manufacture of excisable goods. 2.5% - 5"; (iii) after serial number 109 and the entries relating thereto, the following serial number and entries shall be inserted, namely :- (1) (2) (3) (4) (5) (6) "109A 2505 10 11, 2505 10 12, 2505 10 19 Silica Sands 2.5% - -"; (iv) after serial number 121A and the entries relating thereto, the following serial numbers and entries shall be inserted, namely :- (1) (2) (3) (4) (5) (6) "121B 2701 11 00, 2701 12 00, 2701 19 All goods 2.5% 2% - 121C 2701 20, 2702, 2703 All goods 2.5% - - 121D 2704, 2705, 2706 All goods 5% - - 121E 2707 All goods 2.5% - - 121F 2708 All goods 5% - -"; (v) serial numbers 122, 122A, 123, 124, 124 A, 125, 126, 126A, 126B and 126C and the entries....
X X X X Extracts X X X X
X X X X Extracts X X X X
....than adult diapers 5% 5% 6% - 5 5"; (xv) after serial number 254 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) "254A 4016 95 90, 4016 99 90, 9503 00 90, 9505 10 00, 9505 90 90 All goods, other than natural rubber latex made balloons 10% - -"; (xvi) after serial number 259 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) "259A 4401 21 00, 4401 22 00 Wood in chips or particles, imported for use in manufacture of the following, namely:- i. paper and paperboard; ii. newsprint. Nil - 5"; (xvii) for serial number 260 and the entries relating thereto, the following serial number and entries shall be substituted, namely:- (1) (2) (3) (4) (5) (6) "260 47 Pulp of wood or of other fibrous cellulosic material (excluding rayon grade wood pu....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (4) (5) (6) "305A 70 Solar tempered glass or solar tempered (anti-reflective coated) glass for use in manufacture of solar cells/panels/modules 5% - 5"; (xxii) serial number 306 and the entries relating thereto shall be omitted; (xxiii) in serial number 318, for the entry in column (5), the entry "8.75%" shall be substituted; (xxiv) in serial number 320, for the entry in column (5), the entry "7.75%" shall be substituted; (xxv) after serial number 335B and the entries relating thereto, the following serial number and entries shall be inserted, namely- (1) (2) (3) (4) (5) (6) "335C 7404 00 22 Brass scrap 2.5% - -"; (xxvi) serial numbers 339 and 356 and the entries relating thereto shall be omitted; (xxvii) after serial number 357 and the entries relating thereto, the following serial number and the entries shall be inserted, namely :- (1) (2) (3) (4) (5) (6) "357A. 84 or any other Chapter Goods specified in List 34 required in connection with: (a) petroleum operations undertaken under petroleum exploratio....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 84, 85 or 90 Machinery, electrical equipment, other instruments and their parts [except populated Printed Circuit Boards] for use in assembly, testing, marking and packaging of semiconductor chips Nil - 5"; (xxxiii) in serial number 399B, in column (2), after the existing entry, the entry "8536 49 00" shall be added; (xxxiv) after serial number 399C and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) "399D 8419 19 20 Water heaters, other than industrial solar water heaters 7.5% - -"; (xxxv) against serial number 417, for the entry in column (4), the entry "Nil" shall be substituted; (xxxvi) after serial number 418 and entries relating thereto, the following serial number and entries shall be inserted, namely :- (1) (2) (3) (4) (5) (6) "418A 84 or 90 Disposable sterilized dialyzer and micro barrier of artificial kidney Nil - -"; (xxxvii) after serial number 422 and the entries relating thereto, the following serial number and entries shall be i....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... any other chapter (a) Inputs or parts for use in manufacture of speakers of mobile handsets including cellular phones; (b) Inputs or sub-parts for use in manufacture of parts mentioned at (a) above. Nil - 5 431E 85 or any other chapter (a) Parts, components and accessories for use in manufacture of broadband modem falling under tariff item 8517 62 30; (b) Sub-parts for use in manufacture of items mentioned at (a) above. Nil - 5 431F 85 or any other chapter (a) Parts, components and accessories for use in manufacture of routers falling under tariff item 8517 69 30; (b) Sub-parts for use in manufacture of items mentioned at (a) above. Nil - 5 431G 85 or any other chapter (a) Parts, components and accessories for use in manufacture of set top boxes for gaining access to internet falling under tariff item 8517 69 60; (b) Sub-parts for use in manufacture of items mentioned at (a) above. Nil - 5 431H 85 or any other chapter (a) Parts, components and accessories for manufacture of Digital Video Recorder (DVR)/ Network Video Recorder (NVR) falling under 85 21 90 90; (b) Sub-parts for use in manufactu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....entry "-" shall be substituted; (xlviii) serial number 441 and the entries relating thereto shall be omitted; (xlix) for serial number 448 and the entries relating thereto, the following shall be substituted, namely:- (1) (2) (3) (4) (5) (6) "448 88 or any other Chapter Parts, testing equipment, tools and tool-kits for maintenance, repair, and overhauling of aircraft and parts thereof falling under heading 8802 by the units engaged in such activities. Nil - 5 and 73"; (l) after serial number 448 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) "448A 8802 (except 8802 60 00) All goods Nil Nil 73A"; (li) for serial number 459 and the entries relating thereto, the following shall be substituted, namely:- (1) (2) (3) (4) (5) (6) "459 89 or any other Chapter Capital goods and spares thereof, raw materials, parts, material handling equipment and consumables, for repairs of ocean-going vessels by a ship repair unit. Explanation. - For the purpose....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e, certifying the value of exports made during the financial year mentioned in clause (c) above, and that the fabrics under import are not manufactured in India, and also the value and quantity of goods already imported under this notification during the current financial year. (ii) after Condition No. 40, the following condition shall be inserted, namely :- Condition No. Conditions 40A If,- (a) the goods are imported by,- (i) the Oil and Natural Gas Corporation or Oil India Limited (hereinafter referred to as the "licensee") or a sub-contractor of the licensee and in each case in connection with petroleum operations to be undertaken under petroleum exploration licenses or mining leases, as the case may be, granted by the Government of India or any State Government on nomination basis; or (ii) an Indian Company or Companies, a Foreign Company or Companies, or a consortium of an Indian Company or Companies and a Foreign Company or Companies (hereinafter referred to as the "contractor") or a sub-contractor of the contractor and in each case in connection with petroleum operations to be undertaken under a contract with the Government of India; or ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... remittance is made for the imports of such goods undertaken by such Foreign Company or Companies; (c ) where the importer is a sub-contractor, he produces to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, at the time of importation, the following, namely:- (i) a certificate from a duly authorised officer of the Directorate General of Hydro Carbons in the Ministry of Petroleum and Natural Gas, Government of India, to the effect that the imported goods are required for :- (1) petroleum operations referred to in sub-clause (i) of clause (a) and have been imported under the licenses or mining leases, as the case may be, referred to in that sub-clause and containing the name of such sub-contractor, or (2) petroleum operations referred to in sub-clause (ii) of clause (a) and have been imported under the contract referred to in that sub-clause and containing, the name of such sub-contractor, or (3) petroleum operations or coal bed methane operations, as the case may be, referred to in sub-clause (iii) of clause (a) and have been imported under a contract signed under the New Exploration Licensing Policy or the Coal Bed Meth....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lause (i) of clause (a), or (II) petroleum operations to be undertaken under a contract referred to in sub-clause (ii) of clause (a), or (III) petroleum operations or coal bed methane operations, as the case may be, to be undertaken under a contract referred to in sub-clause (iii) of clause (a) (2) undertaking from the transferee to comply with all the conditions of the notification, including that he shall pay duty, fine or penalty that may become payable, if any of the conditions of the notification are not complied with by himself, where he is the licensee/ contractor or by the licensee/ contractor of the transferee where such transferee is a sub-contractor; (3) a certificate, - (I) in the case of a petroleum exploration license or mining lease, as the case may be, granted by the Government of India or any State Government on nomination basis, that no foreign exchange remittance is made for the transfer of such goods undertaken by the transferee on behalf of the licensee or lessee, as the case may be; (II) in the case of a contract entered into by the Government of India and a Foreign Company or Companies or, the Government of India and a consortium of an India....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ist 34 (1) Land Seismic Survey Equipment and accessories, requisite vehicles including those for carrying the equipment, seismic survey vessels, global positioning system and accessories, and other materials required for seismic work or other types of Geophysical and Geochemical surveys for onshore and offshore activities. (2) All types of drilling rigs, jackup rigs, submersible rigs, semi-submersible rigs, drill ships, drilling barges, shot-hole drilling rigs, mobile rigs, workover rigs consisting of various equipment and other drilling equipment required for drilling operations, snubbing units, hydraulic workover units, self-elevating workover platforms, Remote Operated Vessel (ROV). (3) Helicopters including assemblies/parts. (4) All types of marine vessels to support petroleum operations including work boats, barges, crew boats, tugs, anchor handling vessels, lay barges and supply boats, marine ship equipment including water maker, DP system and Diving system. (5) All types of equipment/ units for specialised services like diving, cementing, logging, casing repair, production testing, simulation and mud services, oil field related lab equipment,....