custom duty
This query is : Resolved
06 July 2011
(March 01, 2011) Union Budget 2011-12: Indirect Taxes
The budget proposals have a largely neutral impact on the paper industry.
Excise Duty:
The excise duty on paper and paperboard has been increased from 4% to 5%.
(Notification No 2/2011 - Central Excise Dated 1st March , 2011)
Customs Duty:
The basic custom duty on paper and paper board has been retained at 10%.
The custom duty on wood pulp has also been retained at 5%. However the custom duty on waste paper has been reduced from 5% to 2.5%. MEANING
(March 01, 2011) Union Budget 2011-12: Indirect Taxes
The budget proposals have a largely neutral impact on the paper industry.
Excise Duty:
The excise duty on paper and paperboard has been increased from 4% to 5%.
(Notification No 2/2011 - Central Excise Dated 1st March , 2011)
Customs Duty:
The basic custom duty on paper and paper board has been retained at 10%.
The custom duty on wood pulp has also been retained at 5%. However the custom duty on waste paper has been reduced from 5% to 2.5%. MEANING
07 July 2011
Wood pulp is input material in paper industry. The rationale behind retaining Custom duty at 5% on wood pulp & reducing CD on waste paper from 5% to 2.5% is to conserve natural forest & maintain ecological balance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Specified Profession
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
