TaxTMI 
TaxTMI 
Revised Basic Customs Duty & Excise Duty on Chapter 27 in Union Budget 2016-17
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....evised Basic Customs Duty & Excise Duty on Chapter 27 in Union Budget 2016-17<br> Query (Issue) Started By: - Atul Deshmukh Dated:- 1-3-2016 Last Reply Date:- 1-3-2016 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Dear Sir, Could you please inform the revised Basic Customs Duty ( BCD ) and Excise Duty on Chapter 27 product ?. Previously It was 5% and 14% respectively. (HS Code 27101960 to b....
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....e precise ) Thanks and Regards, Atul Deshmukh Reply By Mukund Thakkar: The Reply: Chapter 27: 1) Basic Customs Duty on all goods falling under 2701, 2702 and 2703 is being rationalized at 2.5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated 1st March, 2016 [New S.Nos.121B, 121C] refer. 2) Basic Customs Duty on all goods fallin....
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....g under 2704, 2705 and 2706 is being rationalized at 5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New S.No.121D] refers. 3) Basic Customs Duty on all goods falling under 2707 is being rationalized at 2.5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Cu....
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....stoms, dated the 1st March, 2016 [New S.No.121E] refers. 4) Basic Customs Duty on all goods falling under 2708 is being rationalized at 5% BCD. Notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2016-Customs, dated the 1st March, 2016 [New S.No.121F] refers Consequently, S. No. 122, 122A, 123, 124, 124A, 125, 126, 126A, 126B and 126C are being omitted. pleas....
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....e refer above changes in budget for custom duty. Reply By Atul Deshmukh: The Reply: Thanks a lot, Mukund Ji. What is BCD on Chapter 2710 ?<br> Discussion Forum - Knowledge Sharing ....