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English Release 26-March 2015
Date Month Year
  • President's Secretariat
  • Probationers of Indian Postal Service and Indian P&T Accounts and Finance Service call on the President
  • Emir of Qatar calls on the President
  • Vice President's Secretariat
  • DELEGATION OF CPWD OFFICER'S WIVES ASSOCIATION CALLS ON VICE PRESIDENT
  • It is Disappointing that even Country’s Top Universities Remain Largely Teaching-Focused with Limited Research and Doctoral Education-Vice President
  • Prime Minister's Office
  • PM calls for
  • Bihar CM calls on PM
  • Delegation meets PM to discuss issues related to Jat Community
  • PM greets the people of Bangladesh, on their Independence Day
  • AYUSH
  • Ayushman Bharat on Doordarshan
  • Election Commission
  • Biennial Election to the Council of States from Kerala.
  • Min of Agriculture
  • Union Agriculture Minister emphasises that the Prime Minister attaches importance to revitalization of the Agriculture Sector through modernization of farming practices
  • Min of Coal
  • Coal Minister Launches Projects Monitoring Portal to Enhance Efficiency, Transparency & Improve Communication Between B2G, G2G & G2B
  • Min of Comm. & Information Technology
  • Consumer Outreach Programme by the Telecom Regulatory Authority of India (TRAI) at Delhi
  • Spectrum Auction Concludes with Over 88% Of Spectrum Offered Provisionally Committed
  • Min of Earth Science
  • Total Eclipse of the Moon on Saturday
  • Ministry of Finance
  • NTPC Ltd. Becomes First PSU to Issue Bonus Debentures;
  • Government of India Releases an Amount of Rs. 805.17 Crore to the Government of Punjab Under National Small Savings Fund (NSSF) and Thereby Released Total Amount of Rs. 2045.16 Crore During the FY 2014-15
  • India Signs Loan Agreement with ADB for $300 Million for Improving Regional Road Connectivity along the North Bengal-North Eastern Region (NER); About 500 Km of Roads to be Constructed under the Program
  • Financial Assistance of Rs. 250 Crore to Andhra Pradesh for Setting up SPV for the Polavaram Irrigation Project
  • Amendment to Exchange Rates of Foreign Currency Notification No. 32/2015 - Customs (N.T.) Dated 19th March, 2015
  • Min of Home Affairs
  • Kiren Rijiju attends Hans Raj College Alumni
  • Holding of additional charge of the post of DG, BPR&D
  • Min of Personnel, Public Grievances & Pensions
  • Massachusetts Institute students call on Dr. Jitendra Singh
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 53.31 per bbl on 25.03.2015
  • Ministry of Railways
  • RWWCO Honouurs 35 Railway Women Employees or their Outstaning Performace
  • Min of Science & Technology
  • National Institute of Immunology (NII) Signs MoUs to Promote Science Education in Colleges
  • Min of Shipping
  • Cabinet Decisions for Shipping Sector Revolutionary, says Nitin Gadkari
  • Min of Textiles
  • 29th India Carpet Expo starts tomorrow

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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