India New Budget 2017 - 18 Highlights. Key Features of Budget 2017-2018INTRODUCTIONIn the last two and half years administration has moved from discretionary, favouritism based to system and transparency basedInflation brought under control. CPI-based inflation declined from 6% inJuly 2016 to 3.4% in December, 2016Economy has moved on a high growth path. India’s Current Account Deficit declined from about 1% of GDP last year to 0.3% of GDP in the first half of2016-17. FDI grew 36% in H1 2016-17 over H1 2015-16, despite 5%reduction in global FDI inflows. Foreign exchange reserves have reached361 billion US Dollars as on 20th January, 2017War against black money launchedGovernment continued on path of fiscal consolidation, without compromising on public investment.The Indian economy has been robust to mild shocks and IMF forecasts, India to be one of the fastest growing major economies in 2017CHALLENGES IN 2017-18World economy faces considerable uncertainty, in the aftermath of major economic and political developments during the last yearThe US Federal Reserve's , intention to increase policy rates in 2017, may lead to lower capital inflows and higher outflows from the emerging economiesUncertainty around commodity prices, especially that of crude oil, has implications for the fiscal situation of emerging economiesSigns of retreat from globalisation of goods, services and people, as pressures for protectionism are building up TRANSFORMATIONAL REFORMS IN LAST YEARPassage of the Constitution Amendment Bill for GST and the progress for its introductionDemonetisation of high denomination bank notesEnactment of the Insolvency and Bankruptcy Code; amendment to the RBI Act for inflation targeting; enactment of the Aadhar bill for disbursement of financial subsidies and benefitsBudget 2017-18 contains 3 major reforms. First, presentation of Budget advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year. Second, merger of Railways Budget with General Budget to bring Railways to the centre stage of Government’s Fiscal Policy and Third, removal of plan and non- plan classification of expenditure to facilitate a holistic view of allocations for sectors and ministriesDEMONITISATIONBold and decisive measure to curb tax evasion and parallel economyGovernment’s resolve to eliminate corruption, black money, counterfeit currency and terror fundingDrop in economic activity, if any, to be temporaryGenerate long term benefits including reduced corruption, greater digitisation, increased flow of financial savings and greater formalisation of the economyPace of remonetisation has picked up and will soon reach comfortable levelsThe surplus liquidity in the banking system will lower borrowing costs and increase the access to creditAnnouncements made by the Honourable Prime Minister on 31st Dec,2016 focusing on housing for the poor; relief to farmers; credit support to MSMEs; encouragement to digital transactions; assistance to pregnant women and senior citizens; and priority to dalits, tribals, backward classes and women under the Mudra Yojana, address key concerns of our economy ROADMAP & PRIORITIESAgenda for 2017-18 is : “Transform, Energise and Clean India” – TEC IndiaTEC India seeks toTransform the quality of governance and quality of life of our people;Energise various sections of society, especially the youth and the vulnerable, and enable them to unleash their true potential; andClean the country from the evils of corruption, black money and non-transparent political fundingTen distinct themes to foster this broad agenda:Farmers : committed to double the income in 5 years;Rural Population : providing employment & basic infrastructure;Youth : energising them through education, skills and jobs;The Poor and the Underprivileged : strengthening the systems of social security, health care and affordable housing;Infrastructure: for efficiency, productivity and quality of life;Financial Sector : growth & stability by stronger institutions;Digital Economy : for speed, accountability and transparency;Public Service : effective governance and efficient service delivery through people’s participation;Prudent Fiscal Management: to ensure optimal deployment of resources and preserve fiscal stability;Tax Administration: honouring the honest.FARMERSTarget for agricultural credit in 2017-18 has been fixed at a record level of 10 lakh croresFarmers will also benefit from 60 days’ interest waiver announced on 31 Dec 2016To ensure flow of credit to small farmers, Government to support NABARD for computerisation and integration of all 63,000 functional Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks. This will be done in 3 years at an estimated cost of ` 1,900 crores Coverage under Fasal Bima Yojana scheme will be increased from 30% of cropped area in 2016-17 to 40% in 2017-18 and 50% in 2018-19 for which a budget provision of ` 9000 crore has been madeNew mini labs in Krishi Vigyan Kendras (KVKs) and ensure 100% coverage of all 648 KVKs in the country for soil sample testingAs announced by the Honourable Prime Minister, the Long Term Irrigation Fund already set up in NABARD to be augmented by 100% to take the total corpus of this Fund to ` 40,000 crores.Dedicated Micro Irrigation Fund in NABARD to achieve ‘per drop more crop’ with an initial corpus of ` 5,000 croresCoverage of National Agricultural Market (e-NAM) to be expanded from250 markets to 585 APMCs. Assistance up to ` 75 lakhs will be provided to every e-NAMA model law on contract farming to be prepared and circulated among the States for adoptionDairy Processing and Infrastructure Development Fund to be set up in NABARD with a corpus of ` 2000 crores and will be increased to ` 8000 crores over 3 yearsRURAL POPULATIONOver 3 lakh crores spent in rural areas every year, for rural poor fromCentral Budget, State Budgets, Bank linkage for self-help groups, etcAim to bring one crore households out of poverty and to make 50,000Gram Panchayats poverty free by 2019, the 150th birth anniversary of GandhijiAgainst target of 5 lakh farm ponds under MGNREGA, 10 lakh farm ponds would be completed by March 2017. During 2017-18, another 5 lakh farm ponds will be taken upWomen participation in MGNREGA has increased to 55% from less than 48%MGNREGA allocation to be the highest ever at ` 48,000 crores in 2017-18. Pace of construction of PMGSY roads accelerated to 133 km roads per day in 2016-17, against an avg. of 73 km during 2011-2014Government has taken up the task of connecting habitations with more than 100 persons in left wing extremism affected Blocks under PMGSY. All such habitations are expected to be covered by 2019 and the allocation for PMGSY, including the State's Share is ` 27,000 crores in 2017-18Allocation for Pradhan Mantri Awaas Yojana – Gramin increased from 15,000 crores in BE 2016-17 to ` 23,000 crores in 2017-18 with a target to complete 1 crore houses by 2019 for the houseless and those living in kutcha houses.Well on our way to achieving 100% village electrification by 1st May 2018.Allocation for Prime Minister's Employment Generation Program and Credit Support Schemes has been increased three foldSanitation coverage in rural India has gone up from 42% in Oct 2014 to about 60%. Open Defecation Free villages are now being given priority for piped water supply.As part of a sub mission of the National Rural Drinking Water Programme (NRDWP), it is proposed to provide safe drinking water to over 28,000 arsenic and fluoride affected habitations in the next four years.For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022A programme of “human resource reforms for results” will be launched during 2017-18 for human resources development in Panchayati Raj InstitutionsTotal allocation for Rural, Agriculture and Allied sectors is 187223 croresYOUTHTo introduce a system of measuring annual learning outcomes in our schoolsInnovation Fund for Secondary Education proposed to encourage local innovation for ensuring universal access, gender parity and quality improvement to be introduced in 3479 educationally backward districts. Good quality higher education institutions to have greater administrative and academic autonomySWAYAM platform, leveraging IT, to be launched with at least 350 online courses. This would enable students to virtually attend courses taught by the best facultyNational Testing Agency to be set-up as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutionsPradhan Mantri Kaushal Kendras to be extended to more than 600 districts across the country. 100 India International Skills Centres will be established across the country.Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) to be launched at a cost of ` 4000 crores. SANKALP will provide market relevant training to 3.5 crore youthNext phase of Skill Strengthening for Industrial Value Enhancement(STRIVE) will also be launched in 2017-18 at a cost of ` 2,200 croresA scheme for creating employment in the leather and footwear industries along the lines in Textiles Sector to be launchedIncredible India 2.0 Campaign will be launched across the world to promote tourism and employment.THE POOR AND THE UNDERPRIVILEGEDMahila Shakti Kendra will be set up with an allocation of ` 500 crores in 14 lakh ICDS Anganwadi Centres. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutritionUnder Maternity Benefit Scheme ` 6,000 each will be transferred directly to the bank accounts of pregnant women who undergo institutional delivery and vaccinate their childrenAffordable housing to be given infrastructure statusNational Housing Bank will refinance individual housing loans of about 20,000 crore in 2017-18 Government has prepared an action plan to eliminate Kala-Azar andFilariasis by 2017, Leprosy by 2018, Measles by 2020 and Tuberculosis by2025 is also targetedAction plan has been prepared to reduce IMR from 39 in 2014 to 28 by2019 and MMR from 167 in 2011-13 to 100 by 2018-2020To create additional 5,000 Post Graduate seats per annum to ensure adequate availability of specialist doctors to strengthen Secondary and Tertiary levels of health careTwo new All India Institutes of Medical Sciences to be set up in Jharkhand and GujaratTo foster a conducive labour environment, legislative reforms will be undertaken to simplify, rationalise and amalgamate the existing labour laws into 4 Codes on (i) wages; (ii) industrial relations; (iii) social security and welfare; and (iv) safety and working conditions.Propose to amend the Drugs and Cosmetics Rules to ensure availability of drugs at reasonable prices and promote use of generic medicinesThe allocation for Scheduled Castes has been increased by 35% compared to BE 2016-17. The allocation for Scheduled Tribes has been increased to 31,920 crores and for Minority Affairs to ` 4,195 croresFor senior citizens, Aadhar based Smart Cards containing their health details will be introducedINFRASTRUCTUREFor transportation sector as a whole, including rail, roads, shipping, provision of ` 2,41,387 crores has been made in 2017-18.For 2017-18, the total capital and development expenditure of Railways has been pegged at ` 1,31,000 crores. This includes ` 55,000 crores provided by the GovernmentFor passenger safety, a Rashtriya Rail Sanraksha Kosh will be created with a corpus of ` 1 lakh crores over a period of 5 yearsUnmanned level crossings on Broad Gauge lines will be eliminated by 2020 In the next 3 years, the throughput is proposed to be enhanced by 10%.This will be done through modernisation and upgradation of identified corridors.Railway lines of 3,500 kms will be commissioned in 2017-18. During2017-18, at least 25 stations are expected to be awarded for station redevelopment.500 stations will be made differently abled friendly by providing lifts and escalators.It is proposed to feed about 7,000 stations with solar power in the medium termSMS based Clean My Coach Service has been started‘Coach Mitra’, a single window interface, to register all coach related complaints and requirements to be launchedBy 2019, all coaches of Indian Railways will be fitted with bio toilets.Tariffs of Railways would be fixed, taking into consideration costs, quality of service and competition from other forms of transportA new Metro Rail Policy will be announced with focus on innovative models of implementation and financing, as well as standardisation and indigenisation of hardware and softwareA new Metro Rail Act will be enacted by rationalising the existing laws.This will facilitate greater private participation and investment in construction and operation.In the road sector, Budget allocation for highways increased from 57,976 crores in BE 2016-17 to ` 64,900 crores in 2017-182,000 kms of coastal connectivity roads have been identified for construction and developmentTotal length of roads, including those under PMGSY, built from 2014-15 till the current year is about 1,40,000 kms which is significantly higher than previous three yearsSelect airports in Tier 2 cities will be taken up for operation and maintenance in the PPP mode By the end of 2017-18, high speed broadband connectivity on optical fibre will be available in more than 1,50,000 gram panchayats, under BharatNet. A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technologyProposed to set up strategic crude oil reserves at 2 more locations, namely, Chandikhole in Odisha and Bikaner in Rajasthan. This will take our strategic reserve capacity to 15.33 MMTSecond phase of Solar Park development to be taken up for additional20,000 MW capacity.For creating an eco-system to make India a global hub for electronics manufacturing a provision of ` 745 crores in 2017-18 in incentive schemes like M-SIPS and EDF.A new and restructured Central scheme with a focus on export infrastructure, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18FINANCIAL SECTORForeign Investment Promotion Board to be abolished in 2017-18 and further liberalisation of FDI policy is under considerationAn expert committee will be constituted to study and promote creation of an operational and legal framework to integrate spot market and derivatives market in the agricultural sector, for commodities trading. e- NAM to be an integral part of the framework.Bill relating to curtail the menace of illicit deposit schemes will be introduced. A bill relating to resolution of financial firms will be introduced in the current Budget Session of Parliament. This will contribute to stability and resilience of our financial systemA mechanism to streamline institutional arrangements for resolution of disputes in infrastructure related construction contracts, PPP and public utility contracts will be introduced as an amendment to the Arbitration and Conciliation Act 1996.A Computer Emergency Response Team for our Financial Sector (CERT-Fin)will be established Government will put in place a revised mechanism and procedure to ensure time bound listing of identified CPSEs on stock exchanges. The shares of Railway PSEs like IRCTC, IRFC and IRCON will be listed in stock exchanges.Propose to create an integrated public sector ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companiesA new ETF with diversified CPSE stocks and other Government holdings will be launched in 2017-18In line with the ‘Indradhanush’ roadmap, ` 10,000 crores for recapitalisation of Banks provided in 2017-18Lending target under Pradhan Mantri Mudra Yojana to be set at ` 2.44 lakh crores. Priority will be given to Dalits, Tribals, Backward Classes and Women.DIGITAL ECONOMY125 lakh people have adopted the BHIM app so far. The Government will launch two new schemes to promote the usage of BHIM; these are, Referral Bonus Scheme for individuals and a Cashback Scheme for merchantsAadhar Pay, a merchant version of Aadhar Enabled Payment System, will be launched shortlyA Mission will be set up with a target of 2,500 crore digital transactions for2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cardsA proposal to mandate all Government receipts through digital means, beyond a prescribed limit, is under considerationBanks have targeted to introduce additional 10 lakh new POS terminals by March 2017. They will be encouraged to introduce 20 lakh Aadhar based POS by September 2017Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems PUBLIC SERVICEThe Government e-market place which is now functional for procurement of goods and servicesTo utilise the Head Post Offices as front offices for rendering passport servicesA Centralised Defence Travel System has been developed through which travel tickets can be booked online by our soldiers and officersWeb based interactive Pension Disbursement System for DefencePensioners will be establishedTo rationalise the number of tribunals and merge tribunals wherever appropriateCommemorate both Champaran and Khordha revolts appropriatelyPRUDENT FISCAL MANAGEMENTStepped up allocation for Capital expenditure by 25.4% over the previous yearTotal resources being transferred to the States and the Union Territories with Legislatures is ` 4.11 lakh crores, against ` 3.60 lakh crores in BE2016-17For the first time, a consolidated Outcome Budget, covering all Ministries and Departments, is being laid along with the other Budget documentsFRBM Committee has recommended 3% fiscal deficit for the next three years, keeping in mind the sustainable debt target and need for public investment, fiscal deficit for 2017-18 is targeted at 3.2% of GDP and Government remains committed to achieve 3% in the following yearNet market borrowing of Government restricted to ` 3.48 lakh crores after buyback in 2017-18, much lower than ` 4.25 lakh crores of the previous yearRevenue Deficit of 2.3% in BE 2016-17 stands reduced to 2.1% in the Revised Estimates. The Revenue Deficit for next year is pegged at 1.9% , against 2% mandated by the FRBM Act PROMOTING AFFORDABLE HOUSING AND REAL ESTATE SECTORBetween 8th November and 30th December 2016, deposits between 2 lakh Rupees and 80 lakh Rupees were made in about 1.09 crore accounts with an average deposit size of ` 5.03 lakh. Deposits of more than 80 lakh were made in 1.48 lakh accounts with average deposit size of ` 3.31 crores.Under the scheme for profit-linked income tax deduction for promotion of affordable housing, carpet area instead of built up area of 30 and 60Sq.mtr. will be counted.The 30 Sq.mtr. limit will apply only in case of municipal limits of 4 metropolitan cities while for the rest of the country including in the peripheral areas of metros, limit of 60 Sq.mtr. will applyFor builders for whom constructed buildings are stock-in-trade, tax on notional rental income will only apply after one year of the end of the year in which completion certificate is receivedReduction in the holding period for computing long term capital gains from transfer of immovable property from 3 years to 2 years. Also, the base year for indexation is proposed to be shifted from 1.4.1981 to1.4.2001 for all classes of assets including immovable propertyFor Joint Development Agreement signed for development of property, the liability to pay capital gain tax will arise in the year the project is completedExemption from capital gain tax for persons holding land on 2.6.2014, the date on which the State of Andhra Pradesh was reorganised, and whose land is being pooled for creation of capital city of Andhra Pradesh under the Government schemeMEASURES FOR STIMULATING GROWTHConcessional withholding rate of 5% charged on interest earned by foreign entities in external commercial borrowings or in bonds and Government securities is extended to 30.6.2020. This benefit is also extended to Rupee Denominated (Masala) BondsFor the purpose of carry forward of losses in respect of start-ups, the condition of continuous holding of 51% of voting rights has been relaxed subject to the condition that the holding of the original promoter/promoters continues. Also the profit (linked deduction) exemption available to the start-ups for 3 years out of 5 years is changed to 3 years out of 7 years MAT credit is allowed to be carried forward up to a period of 15 years instead of 10 years at presentIn order to make MSME companies more viable, income tax for companies with annual turnover upto ` 50 crore is reduced to 25%Allowable provision for Non-Performing Asset of Banks increased from7.5% to 8.5%. Interest taxable on actual receipt instead of accrual basis in respect of NPA accounts of all non-scheduled cooperative banks also to be treated at par with scheduled banksBasic customs duty on LNG reduced from 5% to 2.5%PROMOTING DIGITAL ECONOMYUnder scheme of presumptive income for small and medium tax payers whose turnover is upto 2 crores, the present, 8% of their turnover which is counted as presumptive income is reduced to 6% in respect of turnover which is by non-cash meansNo transaction above ` 3 lakh would be permitted in cash subject to certain exceptionsMiniaturised POS card reader for m-POS (other than mobile phones or tablet computers), micro ATM standards version 1.5.1, Finger Print Readers/ Scanners and Iris Scanners and on their parts and components for manufacture of such devices to be exempt from BCD, Excise/CV duty and SADTRANSPARENCY IN ELECTORAL FUNDINGNeed to cleanse the system of political funding in IndiaMaximum amount of cash donation, a political party can receive, will be` 2000/- from one person.Political parties will be entitled to receive donations by cheque or digital mode from their donors.Amendment to the Reserve Bank of India Act to enable the issuance of electoral bonds in accordance with a scheme that the Government of India would frame in this regard. Every political party would have to file its return within the time prescribed in accordance with the provision of the Income-tax ActExisting exemption to the political parties from payment of income-tax would be available only subject to the fulfilment of these conditionsEASE OF DOING BUSINESSScope of domestic transfer pricing restricted to only if one of the entities involved in related party transaction enjoys specified profit-linked deductionThreshold limit for audit of business entities who opt for presumptive income scheme increased from ` 1 crore to ` 2 crores. Similarly, the threshold for maintenance of books for individuals and HUF increased from turnover of 10 lakhs to 25 lakhs or income from 1.2 lakhs to 2.5 lakhsForeign Portfolio Investor (FPI) Category I & II exempted from indirect transfer provision. Indirect transfer provision shall not apply in case of redemption of shares or interests outside India as a result of or arising out of redemption or sale of investment in India which is chargeable to tax in IndiaCommission payable to individual insurance agents exempt from the requirement of TDS subject to their filing a self-declaration that their income is below taxable limitUnder scheme for presumptive taxation for professionals with receipt upto` 50 lakhs p.a. advance tax can be paid in one instalment instead of fourTime period for revising a tax return is being reduced to 12 months from completion of financial year, at par with the time period for filing of return. Also the time for completion of scrutiny assessments is being compressed further from 21 months to 18 months for Assessment Year 2018-19 and further to 12 months for Assessment Year 2019-20 and thereafterPERSONAL INCOME-TAXExisting rate of taxation for individual assesses between income of`2.5 lakhs to 5 lakhs reduced to 5% from the present rate of 10% Surcharge of 10% of tax payable on categories of individuals whose annual taxable income is between `50 lakhs and ` 1 croreSimple one-page form to be filed as Income Tax Return for the category of individuals having taxable income upto ` 5 lakhs other than business incomeAppeal to all citizens of India to contribute to Nation Building by making a small payment of 5% tax if their income is falling in the lowest slab of 2.5 lakhs to 5 lakhs.GOODS AND SERVICES TAXThe GST Council has finalised its recommendations on almost all the issues based on consensus on the basis of 9 meetings heldPreparation of IT system for GST is also on schedule.The extensive reach-out efforts to trade and industry for GST will start from 1st April, 2017 to make them aware of the new taxation system.RAPID (Revenue, Accountability, Probity, Information and Digitisation)Maximise efforts for e-assessment in the coming yearEnforcing greater accountability of officers of Tax Department for specific act of commission and omission Latest Import Export News DateSubject 11-11-2024Vistara (9-Jan-2015 to 11-Nov-2024): How the airline changed Indian aviation 11-11-2024Flight cancelled, Omar Abdullah takes the road to reach office in Jammu 11-11-2024Ajit Pawar predicts Maharashtra assembly election results for Mahayuti alliance 11-11-2024PM Modi stresses on need to encourage youth to build 'Viksit Bharat' 09-11-2024PM Narendra Modi pays heartfelt tribute to Ratan Tata: ‘He was a reminder that dreams are worth purs 06-11-2024Supreme Court says LMV licence holders can drive transport vehicles 06-11-2024Delhi high court refuses to allow Chhath Puja at Yamuna river bank: ‘Very harmful to you’ 05-11-2024Hindus in Canada protest against Khalistani attack on Brampton temple 04-11-2024Hindus beaten at Canada temple by Khalistanis, leaders say 'red line crossed' 04-11-2024HT Exclusive: Indians in US weigh in on issues that will decide 'desi' ballot, immigration tops list
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 11-11-2024 Vistara (9-Jan-2015 to 11-Nov-2024): How the airline changed Indian aviation Date: 11-11-2024 Flight cancelled, Omar Abdullah takes the road to reach office in Jammu Date: 11-11-2024 Ajit Pawar predicts Maharashtra assembly election results for Mahayuti alliance Date: 11-11-2024 PM Modi stresses on need to encourage youth to build 'Viksit Bharat' Date: 09-11-2024 PM Narendra Modi pays heartfelt tribute to Ratan Tata: ‘He was a reminder that dreams are worth purs Date: 06-11-2024 Supreme Court says LMV licence holders can drive transport vehicles Date: 06-11-2024 Delhi high court refuses to allow Chhath Puja at Yamuna river bank: ‘Very harmful to you’ Date: 05-11-2024 Hindus in Canada protest against Khalistani attack on Brampton temple Date: 04-11-2024 Hindus beaten at Canada temple by Khalistanis, leaders say 'red line crossed' Date: 04-11-2024 HT Exclusive: Indians in US weigh in on issues that will decide 'desi' ballot, immigration tops list What is New? Date: 30-10-2024 Notification No. 73/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Date: 29-10-2024 NOTIFICATION No.71/2024- Customs (N.T.) Notifying Ultapani LCS route Road from Ultapani via Saralpara via Naharani (SSB Camp) to Sarpang District (Bhutan) by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 Date: 23-10-2024 Notification No. 70/2024–Customs (N.T) "Notification under Section 28A of Customs Act, 1962 for Non-Levy of Customs Duty on the import of Simply Sawn Diamonds Date: 23-10-2024 Notification No. 69/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. Date: 22-10-2024 Notification No. 46/2024-Customs [F. No. 190354/167/2024-TRU] Date: 18-10-2024 NOTIFICATION No. 67/2024-Customs (N.T.) "Notification of Yogayatan Port, Maharashtra as Customs Seaport" and it was issued under Section 7(1)(a) of Customs Act, 1962 Date: 15-10-2024 Notification No. 66/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Date: 08-10-2024 Notification No. 05/2024-Central Tax (Rate) Seeks to amend Notification No. 1/2017- Central Tax (Rate) dated 28.06.2017. Date: 08-10-2024 NOTIFICATION No. 06/2024-Central Tax (Rate) Seeks to amend Notification No. 4/2017- Central Tax (Rate) dated 28.06.2017.. Date: 08-10-2024 Notification No. 05/2024- Integrated Tax (Rate) Seeks to amend Notification No. 1/2017- Integrated Tax (Rate) dated 28.06.2017.
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