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    Case LawsIncome Tax
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      OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES/HEALTH CESS IN RESPECTIVE NOTIFICATIONS [with effect from 2.2.2022, unless specified otherwise]

      2 February, 2022

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      VI. OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES/HEALTH CESS IN RESPECTIVE NOTIFICATIONS [with effect from 2.2.2022, unless specified otherwise]

      S.No.

      Chapter, heading, subheading, or tariff item

      Commodity

      From

      To

       

       

      Agricultural Products and By Products

       

       

      1.

      0306

      Live Black tiger shrimp (Penaeus monodon)

      30%

      10%

      2.

      0306 19 00

      Frozen Krill

      30%

      15%

      3.

      1518

      Algal Oil for manufacturing of aquatic feed

      30%

      15%

        

      Fuels, Chemicals and Plastics

      		  

      4.

      2710 19

      Fuel oil

      5%

      2.5%

      5.

      2710 19

      Straight run fuel oil

      5%

      2.5%

      6.

      2710 19

      Low sulphur wax residue

      5%

      2.5%

      7.

      2710 19

      Vacuum residue, Slurry

      5%

      2.5%

      8.

      2710 19

      Vacuum gasoil

      5%

      2.5%

      9.

      2837 11 00

      Sodium cyanide

      7.5%

      10%

        

      Paper

      		  

      10.

      4707

      Recovered (waste and scrap) paper or paperboard for use in manufacturing of paper, paperboard or newsprint

      NIL

      2.5%

        

      Gems and Jewellery Sector

      		  

      11.

      7102 21 7102 31 00

      Simply Sawn Natural Diamonds imported under Kimberley Process Certification Scheme (KPCS)

      Applica ble Rate

      NIL

      12.

      71

      Cut and Polished Diamonds

      7.5%

      5%

      13.

      71 (except 7104 99 00)

      Cut and Polished Natural Gemstones

      7.5%

      5%

        

      Metals

      		  

      14.

      7204

      Iron and steel scrap, including stainless steel scrap [Exemption hitherto available till 31.3.2022 is being extended up to 31.03.2023]

      NIL [upto 31.3.20 22]

      NIL [upto 31.3.20 23]

        

      Electrical and Electronics Sector

      		  

      15.

      3920 99 99, 9002 11 00

      Camera lens for use in manufacture of Camera Module for Cellular Mobile Phone

      10%/ 15%

      2.5%

      16.

      Specific CTH

      Specified parts for use in manufacture of transformers of chargers/adapters

      10%/ 15%

      5%

      17.

      74 or 76

      Copper/Aluminium based Copper clad laminate for use in manufacture of PCB/MCPCB

      5%/ 7.5%

      NIL

      18.

      90

      Following items used in manufacture of X-ray items:

      a) X-Ray grid

      b) Multi Leaf Collimator/ Iris

      c) Static User Interface

      5%

      10%

      19.

      90

      X-Ray Machines

      7.5%

      10%

        

      Medical devices

      		  

      20.

      9018 32 10

      Surgical needles imported for manufacture of Surgical sutures

      Health Cess @ 5%

      Health Cess @ Nil

        

      Toys

      		  

      21.

      9503

      Parts of electronic toys for manufacture of electronic toys

      15%

      25%

        

      Capital Goods

      		  

      22.

      7325 10 00

      S. G. Ingot Castings used in manufacturing of Plastic Processing Machinery

      10%

      7.5%

      23.

      8483 40 00, 8477 90 00

      Ball Screw and Linear Motion Guide used in manufacturing of Plastic Processing Machinery

      7.5%

      5%

      24.

      84

      Bushing (made up of platinum and rhodium alloy, imported in exchange of worn-out bushing exported for refurbishment)

      10%

      7.5%

      25.

      8419

      Coffee roasting, brewing or vending machineries for use in the manufacturing or processing of coffee

      10%

      7.5%

       

      Full Text:

      Budget 2022-23 + FINANCE Bill, 2022

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