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English Release 27-August 2014
Date Month Year
  • President's Secretariat
  • President of India presents Hindi Sevi Samman
  • Prime Minister's Office
  • PM wishes Shri Lalu Prasad Yadav a speedy recovery
  • President, Asian Development Bank, calls on PM
  • PM sets up Committee to identify obsolete laws within three months
  • PMO statement
  • UP Governor calls on PM
  • Cabinet
  • Swapping of SOS village land measuring 2397 sqm. with equivalent airport land for construction of hangars at Lokpriya Gopinath Bordoloi International Airport, Guwahati
  • Signing of Memorandum of Cooperation between India and Japan in the field of healthcare
  • Cabinet Committee on Economic Affairs (CCEA)
  • Empowering the Ministry of Road Transport and Highways to decide on mode of delivery and amendments in Model Concession Agreement in respect of national highways projects
  • Continuation of production of urea from MFL – Manali, MCFL – Mangalore and SPIC – Tuticorin after June 2014
  • Min of Chemicals and Fertilizers
  • Continuation of production of urea from MFL – Manali, MCFL – Mangalore and SPIC – Tuticorin after June 2014
  • Min of Civil Aviation
  • Swapping of SOS village land measuring 2397 sqm. with equivalent airport land for construction of hangars at Lokpriya Gopinath Bordoloi International Airport, Guwahati
  • Min of Commerce & Industry
  • Policy for Private Investment in Rail Infrastructure Through Domestic and Foreign Direct Investment
  • Min of Comm. & Information Technology
  • Bharat Domain Name
  • State IT Ministers Conference on “Digital India”
  • Min of Defence
  • Defence Minister Reviews Progress of Indigenous Submarine Construction at Mazagon Docks Limited, Mumbai
  • Ministry of Finance
  • Prime Minister to Launch Pradhan Mantri Jan Dhan Yojana Tomorrow: To Dedicate Mobile Banking Facility on Basic Mobile Phones to the Nation
  • Min of Food Processing Industries
  • Availability of nutritious meals in schools
  • Min of Health and Family Welfare
  • 821 passengers being tracked for Ebola Virus Disease
  • Signing of Memorandum of Cooperation between India and Japan in the field of healthcare
  • Universal Health Assurance to galvanise Health Care sector
  • Min of Home Affairs
  • DG-BSF Briefs Home Minister on Border Situation
  • Min of Mines
  • Union Minister Shri Narendra Singh Tomar Meets Chief Minister, Odisha Shri Naveen Patnaik to take Forward Steel & Mines Sector in the State
  • Mineral Production during June 2014
  • Min of Personnel, Public Grievances & Pensions
  • Dr. Jitendra Singh Inaugurates Seminar on ‘Transparency and Accountability’
  • Min of Petroleum & Natural Gas
  • Restriction of one cylinder per month removed to benefit consumers; Number of subsidised cylinders will continue to be 12
  • Global crude oil price of Indian Basket increased to US$ 101.25 per bbl on 26.08.2014
  • Min of Road Transport & Highways
  • Empowering the Ministry of Road Transport and Highways to decide on mode of delivery and amendments in Model Concession Agreement in respect of national highways projects

Previous Date

 
Ministry of Finance28-February, 2013 13:41 IST
Customs Duty on Imported Luxery Goods Such as high End Motor Vehicles, Motorcycles, etc. Increased
However, Environment-Friendly Vehicles given benefit of Extended Period of Concession
Aircraft Manufacture, Repair and Overhaul Industry also given Certain Concessions
Duty free limit for Bringing Jewellery by Elligible Passengers increased

The customs duty on imported luxury goods such as high-end motor vehicles, motorcycles, yachts and similar vehicles has been increased. In the case of such motor vehicles, the duty has been increased from 75% to 100%; on motorcycles with engine capacity of 800 cc or more the duty now will be 75% instead of 60%. Similarly, the duty on yachts and similar vessels has been increased from 10% to 25%.

On the other hand, to encourage manufacture of environment-friendly vehicles, Shri P. Chidambaram has extended the period of concession now available for specified parts of electric and hybrid vehicles up to 31st March 2015.

Certain concessions have also been extended to the aircraft manufacture, repair and overhaul industry, which is referred to as the MRO industry. It is expected that this will lead to generation of more employment and other benefits. Considering the fact that gold prices have risen sharply, the Finance Minister has proposed to make amends in the baggage rules permitting eligible passengers to bring jewellery. He has proposed to raise the duty free limit to Rs. 50,000 in the case of a male passenger and Rs. One Lakh in the case of a female passenger. However, the usual conditions in this regard will continue to apply.

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DSM/KKP/MM/47
(Release ID :92753)

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