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English Release 21-October 2014
Date Month Year
  • President's Secretariat
  • Envoys of five nations present credentials to President of India
  • Vice President's Secretariat
  • Vice President Greets People on Deepawali
  • Prime Minister's Office
  • PM expresses joy on India being re-elected to UNHRC
  • PM chairs meeting on urban development issues
  • PM’s Telephone Conversation with Prime Minister of Malaysia
  • PM to be in Srinagar on Diwali, 23rd October; will spend the day with flood-affected people
  • PM salutes the bravery of our policemen on Police Commemoration Day
  • PM greets the nation on Dhanteras
  • Election Commission
  • South Asian Election Commissioners Impressed by Counting Technology and Prompt Results Sharing of Experiences at South Asian Workshop
  • Min of Agriculture
  • National Seeds Corporation Hands Over Dividend Cheque to Union Agriculture Minister
  • Radha Mohan Singh emphasizes the need to increase Productivity of Milch Cattle
  • Min of Comm. & Information Technology
  • Indian Deegation to the ITU Conference Lead by Communications and Information Technology Minister Shri Ravi Shankar Prasad called for Democratisation of Global Affairs of Telecommunications and Internet Governance
  • Min of Corporate Affairs
  • Merger of National Spot Exchange Limited
  • Google Case
  • Min of Culture
  • Union Minister of State for Culture and Tourism, Shri Shripad Naik launches the National Portal for Museums
  • Min of Defence
  • Navy Helicopter Airlifts Spares for 132 kv Transmission Tower on Simhachalam Hill – Visakhapatnam
  • Ministry of Finance
  • Project Report on “DRISHTI” Submitted to Finance Minister
  • Min of Food Processing Industries
  • Minister of Food Processing Industries Reiterates the Need to Strengthen further Indo-French Cooperation in Agro-processing Sector.
  • Min of Health and Family Welfare
  • Dr Harsh Vardhan spells out Ebola action plan
  • Min of Mines
  • Mineral Production During August 2014
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointments
  • Min of Petroleum & Natural Gas
  • Production Performance of Oil & Natural Gas Sector for the month of September, 2014
  • Global crude oil price of Indian Basket was US$ 84.12 per bbl on 20.10.2014
  • Min of Road Transport & Highways
  • Electronic Toll Collection: A Uniform Standard of Service to Commuters
  • Min of Science & Technology
  • Dr. Jitendra Singh announces hike in fellowship amount to Research Scientists
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • India Won 2 Gold, 1silver & 3 Bronze at 2nd Asian Para Games 2014 on 20th October, 2014
  • Min of Steel
  • Ministry of Steel to set up “Steel Research & Technology Mission of India”

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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