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English Release 22-September 2014
Date Month Year
  • President's Secretariat
  • President of India presented prizes and trophies to the winners of Rashtrapati Bhavan Football Tournament
  • Writers and Artists ‘In-Residence’ call on the President
  • President of India’s message on the eve of National Day of Saudi Arabia
  • Prime Minister's Office
  • Punjab CM calls on PM
  • Election Commission
  • General Election to Legislative Assemblies of Haryana & Maharashtra 2014 - Allotment of Broadcast/Telecast time to Political Parties – regarding
  • Min of Agriculture
  • Kharif Sowing Crosses 1015 Lakh Hectare Mark
  • Min of Defence
  • IAF Celbrates Commemoration of 50 Years as Part of 1965 Indo-Pak War
  • BRO Annual Chief Engineers’ Conference 2014 : A Curtain Raiser
  • Ministry of Finance
  • No Need to Open Another Bank Account to Avail of Benefits Under Pradhan Mantri Jan Dhan Yojana (PMJDY);
  • Auction for Sale (Re-Issue) of Government Stocks
  • Text of the Intervention Made by the Minister of State of Finance in the G20 Finance Minister’s Meeting on International Tax; Calls for Implementation of the New Global Standards on Automatic Exchange of Information with A Common Timeline and with Coverage of as Many Countries as Possible
  • Min of Food Processing Industries
  • New Initiatives/ Developments of Ministry of Food Processing Industries
  • Min of Home Affairs
  • Security is the first and foremost requirement for development; says Union Home Minister
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 95.35 per bbl on 19.09.2014
  • Ministry of Railways
  • Indira Gandhi Rajbhasha Award to Ministry of Railways
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Sonowal Inaugurates National Academy for Athletics and National Golf Academy at Thiruvananthapuram, Kerala
  • Minister of Skill Development, Entrepreneurship, Youth Affairs & Sports Sarbananda Sonowal congratulates Indian Medal Winners at Asian Games 2014
  • Ministry of Water Resources
  • Beki Flowing above Danger Mark in Assam
  • Min of Women and Child Development
  • A Two-Day Consultation by M/o Women & Child Development on National Nutrition Mission begins in New Delhi

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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