Surfindia
   
Loading
 Budget 2011 Highlights  |  Income Tax  |  Income Tax Calculator  |  BSE   |   NSE  |  Stock Market  |  Top Gainers  |  Top Losers   |   Loans   |   Insurance
Hot Deals Subscribe Now

Surfindia » Finance » Budget India » Union Budget 2006-07 » Indian Budget 2006-07 on Custom Tax
Market Today
 Sensex15948.10-0.49%
 Nifty4835.65-0.51%

Indian Budget 2006-07 on Custom Tax


Union Budget 2006-07 - Custom Tax

Custom Tax
  • Custom Duty on non-agricultural products reduced to 12.5% from 15%.
  • Custom Duty on alloy steel and primary and secondary non-ferrous metals reduced to 7.5% from 10% .
  • Custom Duty on steel melting scrap raised to 5%.
  • Custom Duty on ores and concentrates reduced to 2% from 5%.
  • Custom Duty on refractories and number of materials for manufacture of refractories reduced to 7.5%.
  • Custom Duty on basic inorganic chemicals reduced to 10% from 15%.
  • Custom Duty on basic cyclic and acyclic hydrocarbons and their derivatives reduced to 5%
  • Custom Duty on catalysts reduced to 7.5% from 10%.
  • Custom Duty on major bulk plastics reduced to 5% from 10%.
  • Custom Duty on anti-AIDS and anti-cancer drugs has been reduced to 5%. On certain life saving drugs, kits and equipment it is reduced to 5% from 15%. These are exempted from excise duty and CVD.
  • Custom Duty on packaging machines has been reduced to 5% from 15%. No changing in custom duty of 10% for the transportation of natural gas under pipeline projects. 4% CVD on all imports with few exceptions.
  • Custom Duty on vanaspati is to be increased to 80%. Import Duty on handmade made fibres, yarns and raw materials (DMT, PTA and MEG) is to be reduced to 10% from 15% and on paraxylene to 2%.
Add Your Reviews/Comments
 Add your Comments: *
 Your Name: *
 Your Email: *
 Enter the code: *
R


Tell a Friend



Surfindia Network :  Directory  |  Finance  |  Automobile  |  Celebrities  |  Travel  |  Recipes  |  Festivals  |  Astrology  |  Matrimonials  |  Sports  |  Football  |  Cricket  |  Mobile  |  Games  |  India Fact  |  States  |  Travel Deals
About Us  |  Contact Us  |  Media Section  |  Terms & Conditions  |  Disclaimer
Copyright © 2011 SurfIndia (A premier directory of India). All Rights Reserved.