Budget to be presented on 16th March    FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days    Madras High Court stays levy of service tax on lawyers    economic growth slows to 6.9 per cent   Sunil Kumar appointed as Chief Secretary of Chattisgarh    Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune    US closes its embassy in Syria    Sudha Sharma appointed as Member of CBDT    Rupee hits a high of 48.73 against Dollar   Laxman Das is Officiating Chairman of CBDT    Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10   Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3    Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi    HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of   2010 clearly brings within the fold of taxable service a construction  service provided by the builder to a buyer where there is an intended sale  between the parties whether before, during or after construction    Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff      Anti dumping duty imposed on import of Morpholine from China European Union & USA     Anti dumping duty imposed on import of  Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from      Refund of Anti­-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5     Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6     Safeguard duty at the rate of 10% ad  valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1     Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked    Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver     Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3     Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007  originating in, or exported from, China-CustomsTariff Notification No. 2     Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from,  China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3   Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4    Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5    Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7    Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business    ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income  and not Capital Gains   HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings      Anti-dumping duty on ‘Caustic Soda’,  originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1    Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1     Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127     deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128   deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123  deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125      Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52      Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113      Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111     CBEC specifies documents required for Registration of ServiceTax     Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106     Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24

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Government exempts 82 Products on import from Thailand

AIT News Network

NEW DELHI. According to a Senior FinMin Official ; the Government has exempted 82 Products of Thai Origin when imported into India from Thailand vide Customs Tariff Notification No. 86 with effect form 1st September 2006 which amends Customs Tariff Notification No. 85/2004. The exemption is result of Early Harvest Scheme under Framework Agreement for establishing Free Trade Area between the Republic of India and the Kingdom of Thailand. Thailand has also exempted Indian Goods on reciprocal basis.   The list of Products exempted from Customs duty is as under. However, the import will be subject to levy of CVD equivalent to Central Excise duty.

S. No.

Sub-heading or tariff item

Description of goods

(1)

(2)

(3)

1.

0804 50

Fresh mangosteens, mangoes

2.

0806 10 00

Fresh grapes

3.

0808 10 00

Apples

4.

0810 60 00

Durians

5.

0810 90

Fresh rambutans, longans, pomegranates

6.

1001 10

Durum wheat

7.

1001 90

All goods

8.

1604 11 00

Salmon

9.

1604 13

Sardines, sardinella and brisling or sprats

10.

1604 15 00

Mackerel

11.

1605 10 00

Crab

12.

2501 00

Salt (including table salt and denatured salt) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free flowing agents; Sea water

13.

2610 00

Chromium ores and concentrates

14.

2811 19

All goods

15.

2818 20

Aluminium oxide, other than artificial corundum

16.

2818 30 00

Aluminium hydroxide

17.

2917 39

All goods

18.

3906 90

All goods

19.

3907 10 00

Polyacetals

20.

3907 30

Epoxide resins

21.

3907 40 00

Polycarbonates

22.

3907 99

All goods

23.

3908 10

Polyamide-6,-11,-12,-6,6,-6,9,-6,10 or -6,12

24.

3908 90

All goods

25.

3909 50 00

Polyurethanes

26.

3919 90

All goods

27.

4412 19

All goods

28.

7103 10

Rubies, emeralds and sapphires, unset and imported uncut

28A.

7103 10

All goods, other than the goods mentioned against S. No.28

29.

7104 90 00

All goods

30.

7105 10 00

All goods

31.

7113 19

All goods

32.

7201 50

Alloy pig iron

32A.

7201 50

Spiegeleisen

33.

7207 11

All goods (other than seconds and defectives)

33A.

7207 11

Seconds and defectives

34.

7207 19

All goods (other than seconds and defectives)

34A.

7207 19

Seconds and defectives

35.

7226 19 00

All goods (other than seconds and defectives)

35A.

7226 19 00

Seconds and defectives

36.

7229 90

All goods (other than seconds and defectives)

36A.

7229 90

Seconds and defectives

37.

7307 92

Threaded elbows, bends and sleeves

38.

7320 20 00

Helical springs

39.

732690

All goods

40.

7601 10

Aluminium, not alloyed

41.

7601 20

Aluminium alloys

42.

8404 90 00

All goods

43.

8409 91

All goods

44.

8413 60

All goods

45.

8413 81

All goods

46.

8414 51

Table, floor, wall, window, ceiling or roof fans, with a self-contained electric motor of an output not exceeding  125 W

47.

8414 59

All goods

48.

8414 90

All goods

49.

8415 10

All goods

50.

8418 21 00

All goods

51.

8419 90

All goods

52.

8421 99 00

All goods

53.

8423 90

Weighing machine weights of all kinds; Parts of weighing machinery

54.

8425 49 00

All goods

55.

8432 21 00

Disc harrows

56.

8437 80

All goods

57.

8448 20 00

Parts and accessories of machines of heading 8444 or of their auxiliary machinery

58.

8448 33

Spindles, spindle flyers, spinning rings and ring travellers

59.

8471 41

All goods

60.

8471 90 00

All goods

61.

8472 90

Automatic teller machines and cash dispensers

61A.

8472 90

All goods, other than the goods mentioned against S. No.61

62.

8477 51 00

All goods

63.

8479 89

All goods

64.

8479 90

All goods

65.

8480 79 00

All goods

66.

8481 80

All goods

67.

8482 10

Ball bearings

68.

8483 50

Flywheels and pulleys, including pulley blocks

69.

8504 31 00

All goods

70.

8512 20

All goods

71.

8517 11

Line telephone sets with cordless handsets

72.

8517 90

Parts (other than populated PCBs)

72A.

8517 90

All goods, other than the goods mentioned against S. No.72

73.

8523 90

All goods

74.

8528 12

All goods

75.

8529 10

Aerials or antennae of a kind used with apparatus for radio-telephony and radio-telegraphy

75A.

8529 10

All goods, other than the goods mentioned against S. No.75

76.

8534 00 00

Printed circuits

77.

8540 11

All goods

78.

8708 40 00

Gear boxes

79.

9032 89

All goods

80.

9032 90 00

All goods

81.

9102 11 00

All goods

82.

9401 90 00

All goods

 

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