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English Release 30-January 2015
Date Month Year
  • President's Secretariat
  • President of India meets personnel of the tri service band contingents and provost outriders of the three services
  • Vice President's Secretariat
  • NSS CONTINGENT VOLUNTEERS CALL ON VICE PRESIDENT
  • Prime Minister's Office
  • PM's Twitter Address to the 18th National Conference on e-Governance
  • PM pays homage to Mahatma Gandhi and all the Martyrs who laid their lives for the Nation, On Martyrs' Day
  • Min of Agriculture
  • Area Coverage under Rabi Crops
  • Min of Comm. & Information Technology
  • Commemorative Postage Stamp on Swachh Bharat
  • NIA Amendment on Spectrum Auction
  • Ministry of Finance
  • Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold And Silver Notified
  • Gold award for the Income Tax Department under National Award on E-Governance 2014-15
  • Amended Exchange Rates of Foreign Currency Notified
  • Min of Home Affairs
  • Union Home Minister chairs High Level Committee meeting for Central assistance to states affected by natural disasters
  • Min of Micro,Small & Medium Enterprises
  • Review Meeting of Pmegp for North Eastern States Held Under The Charimanship of Shri Kalraj Mishra
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointments
  • Central Armed Police Forces (Assistant Commandants) Exam, 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 46.28 per bbl on 29.01.2015
  • Ministry of Railways
  • Suresh Prabhu Flags off Trains Remotely Through Telepresence Service of Railtel, A Railway’s PSU
  • Min of Statistics & Programme Implementation
  • New Series Estimates of National Income, Consumption Expenditure, Saving and Capital Formation (Base Year 2011-12)
  • Min of Urban Development
  • Shri M.Venkaiah Naidu plainly asks states ‘are you ready for smart cities?’ Says it is a daunting a task but doable; seeks to motivate states
  • NITI Aayog
  • Dr VK Saraswat Assumes Charge as Member of NITI Aayog

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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