Saturday, March 7, 2015

2015-16 India Central Budget - Tax Concessions to Polymers







 

Basic Customs duty on isoprene and liquefied butane - reduced from 5% to 2.5%.

Basic Customs Duty on ethylene dichloride (EDC), vinyl chloride monomer (VCM) and styrene monomer (SM) - reduced from 2.5% to 2%.

Basic Customs Duty on butyl acrylate -  reduced from 7.5% to 5%.

Basic Customs Duty on anthraquinone - reduced from 7.5% to 2.5%.

Basic Customs Duty on antimony metal and antimony waste and scrap -  reduced from 5% to 2.5%.

SAD on naphtha, ethylene dichloride (EDC), vinyl chloride monomer (VCM) and styrene monomer (SM) for manufacture of excisable goods -  reduced from 4% to 2%.


Increase in taxes

Excise duty on sacks and bags of polymers of ethylene (Plastic bags) other than for industrial use increased from 12% to 15%.

 







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