Notification No. 14/2018-Customs Seeks to amend notification No. 82/2017-Customs dated the 27th October 2017 to increase the effective rate of BCD on silk fabrics from 10% to 20%
Notification No. 13/2018-Customs Seeks to exempt Integrated tax and Goods and Services Tax (IGST) compensation cess on imported goods from the whole of levy of Social Welfare Surcharge
Notification No. 12/2018-Customs -Seeks to exempt specified goods from levy of Social Welfare Surcharge in excess of 3%- Motor spirit commonly known as petrol, High speed diesel (HSD)
CBEC exempt specified goods from the whole of levy of Social Welfare Surcharge- All goods falling under the following headings or sub-headings or tariff items- 0207 13 00, 0207 14 00, 0402 21 00,0402 10, 0405 10 00, 0405 90,
Notification No. 10/2018-Customs Seeks to rescind notification No. 28/2007-Customs dated 01.03.2007 exempting specified goods from the levy of Secondary and Higher Education (SHE) Cess
Notification No. 9/2018-Customs Seeks to rescind notification No. 69/2004-Customs dated 09.07.2004 exempting specified goods from the levy of Education Cess
Notification No. 8/2018- Customs Seeks to exempt levy of whole of Secondary and Higher Education (SHE) Cess on all goods in the First schedule to the Customs Tariff Act, 1975
Notification No. 7/2018-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all goods specified in the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975) when imported into India, from whole of Education Cess leviable thereon under section 94 of the said Finance Act.
Seeks to further amend notification No. 50/2017- Customs dated the 30th June so as to prescribe effective rate of basic customs duty (BCD) consequent to the changes proposed in the Union Budget 2018-19
The honorable finance minister Shri Arun Jaitley presented the budget on 1st February’2018. There were not much tax incentives for the taxpayers. Still, there were some proposals to benefit senior citizens. 1)Deductions available to senior citizens in respect of health insurance premium: Section 80D provides a deduction to Individual and HUF in respect of payment […]
