Budget 2021-22 + FINANCE Bill, 2021
IMPOSITION OF AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS ON IMPORT OF CERTAIN ITEMS [to be effective from 02.02.2021] [Clause [115] of the Finance Bill, 2021]
An Agriculture Infrastructure and Development Cess (AIDC) has been proposed on import of specified goods. To ensure that imposition of cess does not lead to additional burden in most of these items on the consumer, the BCD rates has been lowered. This cess shall be used to finance the improvement of agriculture infrastructure and other development expenditure. The list of items on which cess has been imposed and the applicable duty and AIDC on them would be as follows:
S. No | Heading, sub-heading tariff item | Commodity | Basic customs duty | AIDC |
1. | 0808 10 00 | Apples | 15% | 35% |
2. | 1511 10 00 | Crude Palm Oil | 15% | 17.5% |
3. | 1507 10 00 | Crude Soya-bean oil | 15% | 20% |
4. | 1512 11 10 | Crude Sunflower seed oil | 15% | 20% |
5. | 0713 10 | Peas (Pisum sativum) | 10% | 40% |
6. | 0713 20 10 | Kabuli Chana | 10% | 30% |
7. | 0713 20 20 | Bengal Gram (desichana) | 10% | 50% |
8. | 0713 20 90 | Chick Peas (garbanzos) | 10% | 50% |
9. | 0713 40 00 | Lentils (Mosur) | 10% | 20% |
10. | 2204 | All goods (Wine) | 50% | 100% |
11. | 2205 | Vermouth and other wine of fresh grapes, flavoured | 50% | 100% |
12. | 2206 | Other fermented beverages for example, Cider, Perry, Mead, sake, mixture of fermented beverages or fermented beverages and nonalcoholic beverages | 50% | 100% |
13. | 2208 | All goods (Brandy, Bourbon whiskey, Scotch etc.) | 50% | 100% |
14. | 2701 | Various types of coal | 1% | 1.5% |
15. | 2702 | Lignite, whether or not agglomerated | 1% | 1.5% |
16. | 2703 | Peat, whether or not agglomerated | 1% | 1.5% |
17. | 3102 10 00 | Urea | Nil | 5% |
18. | 3102 30 00 | Ammonium nitrate | 2.5% | 5% |
19. | 31 | Muriate of potash, for use as manure or for the production of complex fertilisers | Nil | 5% |
20. | 3105 30 00 | Diammonium phosphate, for use as manure or for the production of complex fertilisers | Nil | 5% |
21. | 5201 | Cotton (not carded or combed) | 5% | 5% |
22. | 7106 | Silver (including imports by eligible passengers) | 7.5% | 2.5% |
23. | 7106 | Silver Dore | 6.1% | 2.5% |
24. | 7108 | Gold (including imports by eligible passengers) | 7.5% | 2.5% |
25. | 7108 | Gold Dore | 6.9% | 2.5% |
Full Text:
Budget 2021-22 + FINANCE Bill, 2021
Agriculture Infrastructure and Development Cess imposed on specified imports, adjusting customs duties to fund farm infrastructure. An
Agriculture Infrastructure and Development Cess (AIDC) is proposed on specified imports effective 02.02.2021 under Clause 115 of the Finance Bill, 2021 to finance agricultural infrastructure; the proposal imposes itemised AIDC rates while lowering certain
basic customs duty rates so consumer burden is not increased in most cases, covering edible oils, pulses, alcoholic beverages, coal, fertilisers, cotton, and precious metals with a detailed tariff schedule.
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