Page 41 - DHC Budget Book 2021-22 Final
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and long product of iron or non-alloy, alloy steel and stainless steels
ƒ Exempting BCD on scrap of iron or steel for a period up to 31st March, 2022
ƒ Revoking Anti-Dumping Duty and Countervailing Duty on certain steel products for the period 02-02-2021 to 30-09-2021
ƒ Reducing BCD on copper waste and scrap from 5% to 2.5%
— Textile
ƒ Reduction in the BCD rates on caprolactam, nylon chips and nylon fiber & yarn from 7.5% to 5%
— Chemicals
ƒ Reduction in BCD on Naphtha from 4% to
2.5%.
— Gold and Silver
ƒ Reduction in BCD on gold and silver products
— Renewable Energy
ƒ Increase in BCD on solar invertors from 5% to
20% and on solar lanterns from 5% to 15%.
— Capital Equipment and Auto Parts
ƒ Withdrawal of exemptions on tunnel boring machine. Consequently it shall attract BCD of 7.5%; and its parts and components BCD of 2.5%
ƒ Increase in BCD on specified auto parts (other than Bicycle parts and components) from 10% to 15%
— Others Products
ƒ Increase in BCD on cotton from nil to 5% and
on raw silk and silk yarn from 10% to 15%.
Introduction of Agriculture Infrastructure and Development Cess (AIDC)
— On imported goods [w.e.f 02.02.2021]
ƒ Enabling provisions introduced for levy of AIDC on imported goods at a rate not exceeding custom duty on said goods.
ƒ Exemption from AIDC granted to all items except specific goods including gold and silver
ƒ AIDC to be computed on the import value in the same manner as the value of goods for the purpose of custom duty - Exemption from AIDC granted where goods exempted from BCD
ƒ Social Welfare Surcharge (SWS) to be levied on AIDC, however exemption from SWS on AIDC granted to imports of gold and silver
ƒ Exemption to AIDC granted on goods availing exemptions under FTA, EOU and advance authorization scheme
— On Petrol and High Speed diesel as additional duty of excise [w.e.f 02.02.2021]
ƒ Levy of AIDC at H 2.5 per litre has been imposed on petrol and H 4 per litre on diesel as an additional duty of excise
ƒ Basic Excise Duty and the Special Additional Excise Duty have been calibrated accordingly to ensure no additional burden on consumer
Content
Budget Snapshots Basic
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