IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Feb 2014 | Removal date: open ended
Still in force

Import tariff

On 17 February 2014, the Indian Minister of Finance presented the interim budget. As 2014 is the year of the general elections in India, the Minister presents a budget only for the period until the elections. Further, the changes in taxes/duties are very limited in an interim budget.
 
The changes relevant to international commerce are as follows:

  • The countervailing duty on imports of road construction machinery is to be re-introduced in order to push domestic production of similar machinery.
  • The customs duty on non-edible industrial oils and its fractions, fatty acids, and fatty alcohols is decreased and unified to 7.5%.
  • Concessional duty of 5% on import of capital goods by Bank Note Paper Mill India Private Limited (effective up to 31 December 2014)
  • Import duty exemption on pulses extended from 1 April 2014 to 30 September 2014

 
Additionally the following reduction in local taxes were made to support local production - 
 

  • Excise duty on mobile phones is reduced to 6%
  • Excise duty on capital goods and consumer non-durables under all goods failing in chapter 84 and 85 reduced from 12% to 10% (up to 30 June 2014)
  • Excise duty on small cars, motorcycles, scooters, commercial vehicles reduced from 12% to 8%, on SUVs from 30% to 24% and on large and mid-segment cars from 27/24% to 24/20%.

 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

013 Fruits & nuts
0808 Apples, pears and quinces, fresh.
080810 Apples
080830 Pears
017 Pulses (dried leguminous vegetables)
0713 Dried leguminous vegetables, shelled, whether or not skinned or split.
071310 Peas (Pisum sativum)
071320 Chickpeas (garbanzos)
071331 Beans of the species Vigna mungo (L.) Hepper or Vigna radiata (L.) Wilczek
071333 Kidney beans, including white pea beans (Phaseolus vulgaris)
071335 Cow peas (Vigna unguiculata)
071339 Other
071340 Lentils
071360 Pigeon peas (Cajanus cajan)
071390 Other
341 Basic organic chemicals
3823 Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols.
382311 Stearic acid
382312 Oleic acid
382313 Tall oil fatty acids
382319 Other
382370 Industrial fatty alcohols
441 Agricultural or forestry machinery & parts
8701 Tractors (other than tractors of heading 87.09).
870190 Other
444 Machinery for mining, quarrying & construction; parts
8704 Motor vehicles for the transport of goods.
870410 Dumpers designed for offhighway use
452 Computing machinery & parts
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851769 Other
472 Television & radio transmitters; cameras; telephone sets
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851711 Line telephone sets with cordless handsets
851712 Telephones for cellular networks or for other wireless networks
851718 Other
851761 Base stations
851762 Machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
474 Parts for the goods of classes 4721 to 4733 & 4822
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851770 Parts
491 Motor vehicles, trailers & semi-trailers; parts
8702 Motor vehicles for the transport of ten or more persons, including the driver.
870210 With compressionignition internal combustion piston engine (diesel or semidiesel)
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870310 Vehicles specially designed for travelling on snow; golf cars and similar vehicles
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc
870390 Other
8704 Motor vehicles for the transport of goods.
870421 g.v.w. not exceeding 5 tonnes
870423 g.v.w. exceeding 20 tonnes
8706 Chassis fitted with engines, for the motor vehicles of headings 87.01 to 87.05.
870600 Chassis fitted with engines, for the motor vehicles of headings 87.01 to 87.05.
492 Motor vehicle bodies; trailers & parts thereof
8716 Trailers and semitrailers; other vehicles, not mechanically propelled; parts thereof.
871690 Parts
499 Other transport equipment & parts
8711 Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without sidecars; sidecars.
871120 With reciprocating internal combustion piston engine of a cylinder capacity exceeding 50 cc but not exceeding 250 cc
871130 With reciprocating internal combustion piston engine of a cylinder capacity exceeding 250 cc but not exceeding 500 cc
871140 With reciprocating internal combustion piston engine of a cylinder capacity exceeding 500 cc but not exceeding 800 cc
871150 With reciprocating internal combustion piston engine of a cylinder capacity exceeding 800 cc
871190 Other
8716 Trailers and semitrailers; other vehicles, not mechanically propelled; parts thereof.
871680 Other vehicles

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