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Budget announcements: 2016-17

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Salient Budget Announcements Summary of Budget 2016-17 for Electronics Sector (92 KB)
Notification

Budget 2016-17

• Notification No.12/2016-Customs dated 1st March, 2016 related to:

BCD exemption on parts, components and accessories and their sub-parts for use in the manufacture of specified electronic equipments

Withdrawal of BCD and CVD exemptions on charger or adapter, battery, wired headsets and speakers for use in manufacture of mobile handsets including cellular phone

BCD, CVD and SAD exemption on inputs or parts and their sub-parts for manufacture of charger or adapter, battery, wired headsets and speakers of mobile handsets including cellular phone

BCD exemption on capacitor grades polypropylene granules or resins for manufacture of capacitor grade plastic film

Imposition of BCD on e-Readers and reduction of BCD on raw materials or parts for use in manufacture of e-Readers

BCD exemption on magnetron (up to 1.5KW) for manufacture of domestic microwave ovens

BCD exemption on machinery, electrical equipment, other instruments and their parts (except populated Printed Circuit Boards) for use in semiconductor wafer fabrication/LCD fabrication and Assembly, Test, Marking and Packaging of semiconductor chips (ATMP) units

Withdrawal of BCD exemption on specified telecommunication equipments

Withdrawal of BCD exemption on Preform of Silica for manufacture of telecommunication grade optical fibres or optical fibre cables

BCD reduction on Neodymium Magnet (before Magnetization) [85051190] and Magnet Resin (Strontium Ferrite compound/before formed, before magnetization) [38249032] for use in manufacture of Brushless Direct Current (BLDC) motors

(Amendments in the Notification No.12/2012-Customs dated 17th March, 2012)

• Notification No.12/2016-Central Excise dated 1st March, 2016 related to:

Extension of differential excised duty to specified electronic equipments

Excise duty exemption on parts, components and accessories and their sub-parts for use in manufacture of specified electronic equipments

Withdrawal of excise duty exemption on charger or adapter, battery, wired headsets and speakers for use in manufacture of mobile handsets including cellular phone

Extension of differential excised duty to charger or adapter, battery, wired headsets and speakers for manufacture of mobile handsets including cellular phone

Excise duty exemption on inputs or parts and their sub-parts for manufacture of charger or adapter, battery, wired headsets and speakers of mobile handsets including cellular phone

(Amendments in the Notification No.12/2012-Central Excise dated 17th March, 2012)

• Notification No. 16/2016-Customs dated 1st March, 2016 related to:

Withdrawal of SAD exemption on charger or adapter, battery, wired headsets and speakers of mobile handsets including cellular phones and populated Printed Circuit Boards required for use in manufacture of mobile handsets including cellular phone

Withdrawal of SAD exemption on populated Printed Circuit Boards of mobile phone or tablet computer

Imposition of 2% concessional SAD on populated Printed Circuit Boards for use in manufacture of mobile phone or tablet computer

SAD exemption on machinery, electrical equipment, other instruments and their parts (except populated Printed Circuit Boards) for use in semiconductor wafer fabrication/LCD fabrication and Assembly, Test, Marking and Packaging of semiconductor chips (ATMP) units

Withdrawal of SAD exemption on populated Printed Circuit Boards for manufacture of personal computers (laptop or desktop) including tablet computers

(Amendments in the Notification No. 21/2012-Customs dated 17th March, 2012)

• Notification No. 17/2016-Customs dated 1st March, 2016 related to:

BCD exemption on specified raw materials for use in manufacture of sub-miniature fuses, micro fuses, resettable fuses and thermal fuses

(Amendments in the Notification No. 25/1999-Customs dated 28th February, 1999)

• Notification No. 18/2016-Customs dated 1st March, 2016 related to:

BCD exemption on specified capital goods for use in manufacture of sub-miniature fuses, micro fuses, resettable fuses and thermal fuses

(Amendments in the Notification No. 25/2002-Customs dated 1st March, 2002)

• Notification No. 32/2016-Customs (N.T.) dated 1st March, 2016 related to:

Simplification of Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules

Post Budget 2015-16

• Press Note related to changes in tariff of certain specified medical devices.
• Notification No.4/2016-Customs dated 19th January, 2016 related to increase of rate of BCD on certain specified medical devices from 5% to 7.5%.
• Notification No.5/2016-Customs dated 19th January, 2016 related to withdrawal of SAD exemption on certain specified medical devices.
• Notification No.36/2015-Central Excise dated 17th July, 2015 related to differential Excise Duty dispensation available to Mobile phones and Tablet computers.
• Notification No.39/2015-Central Excise dated 21st July, 2015 related to differential Excise Duty dispensation available to Mobile phones and Tablet computers.
• Notification No.28/2015-Customs dated 30th April, 2015 related to exemption of BCD on all Digital Still Image Video Cameras falling under tariff item 85258020 irrespective of their specification and their parts and components.
• Notification No.24/2015-Central Excise dated 30th April, 2015 related to concessional Excise duty on Microprocessor for computer, other than motherboards, Floppy disc drive, Hard disk drive, CD-ROM drive, DVD drive/DVD writers, Flash memory, and Combo drive for the manufacture of computer (PCs/desktops) falling under heading 8471.

Budget 2015-16

• Notification No.10/2015-Customs dated 1st March, 2015 related to exemption/ reduction of BCD on:

Parts, components and accessories and their sub-parts for use in the manufacture of Tablet computers

Back Light Unit module for manufacture of LCD/LED panels, Organic LED (OLED) TV panels

Specified raw materials for use in the manufacture of flexible medical video endoscopes

Magnetron up to 1KW for use in the manufacture of microwave ovens

High Density Poly Ethylene (HDPE) for use in the manufacture of telecommunication grade optical fibre cables

Digital Still Image Video Cameras and parts and components of such Digital still Image video camera

(Amendments in the Notification No.12/2012-Customs dated 17th March, 2012)

• Notification No.11/2015-Customs dated 1st March, 2015 related to exemption of SAD on:

All goods except populated PCBs for use in the manufacture of Information Technology Agreement (ITA) bound goods

Parts, components and accessories and their sub-parts for use in the manufacture of Tablet computers

Inputs for use in the manufacture of LED drivers and MCPCB for LED lights, fixtures and LED lamps

Specified raw materials for use in the manufacture of Pacemakers

(Amendments in the Notification No. 21/2012-Customs dated 17th March, 2012)

• Notification No.12/2015-Central Excise dated 1st March, 2015 related to exemption/ reduction of Excise duty:

Excise duty structure for mobile handsets including cellular phones is 1% without CENVAT credit or 12.5% with CENVAT credit

Excise duty structure for Tablet computers is 2% without CENVAT credit or 12.5% with CENVAT credit

Parts, components and accessories and their sub-parts for use in the manufacture of Tablet computers

Inputs for use in the manufacture of LED drivers and MCPCB for LED lights, fixtures and LED lamps

Specified raw materials for use in the manufacture of Pacemakers

Round copper wire and tin alloys for use in the manufacture of Solar PV ribbon for manufacture of Solar PV cells

Wafers for use in the manufacture of Integrated Circuit (IC) modules for smart cards

(Amendments in the Notification No.12/2012-Central Excise dated 17th March, 2012)

Budget 2014-15

• Notification No. 11/2014-Customs dated 11th July, 2014 related to imposition of BCD on 4 Telecom Products (Amendments in the Notification No. 24/2005- Customs dated 1st March 2005) (166 KB)
• Notification No. 12/2014-Customs dated 11th July, 2014 related to exemption of BCD on goods for use in manufacture of EVA, Back Sheet and LED/LCD TV panels (Amendments in the Notification No. 12/2012-Customs dated 17th March 2012)(149 KB)
• Notification No. 18/2014-Customs dated 11th July, 2014 related to imposition of Education Cess on electronic items (Amendments in the Notification No. 13/2012-Customs, dated the 17th March 2012) (129 KB)
• Notification No. 19/2014-Customs dated 11th July, 2014 related to imposition of Secondary and Higher Education Cess on electronic items (Amendments in the Notification No. 14/2012-Customs, dated the 17th March 2012) (206 KB)
• Notification No.21/2014-Customs dated 11th July, 2014 related to exemption of Additional Duty of Customs on PC (Desktop/Laptop) including tablet under heading 8471, and Smart Card (Amendments in the Notification No. 21/2012- Customs, dated the 17th March, 2012) (91 KB)
• Notification No.12/2014-Central Excise dated 11th July, 2014 related to exemption of Excise duty on EVA and Back sheet and components for their manufacturing (Amendments in the Notification No. 21/2012- Customs, dated the 17th March, 2012) (129 KB)

 

 

 

 

 

 

 

 

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