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      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]

      1 February, 2021

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      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

      Topics

      ActsIncome Tax