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Analysis of key changes in Excise & Custom Duty: Budget 2016

UNION BUDGET 2016: CHANGES IN EXCISE AND CUSTOMS: Changes in Customs and Central Excise law and rates of duty have been proposed through the Finance Bill, 2016 (Clauses 113 to 138 for Customs and Clauses 139 to 144 for Central Excise). In order to prescribe effective rates of duty and to carry out changes in the Rules made under the respective Acts, the following notifications are being issued: CUSTOMS Notification Nos. Date Tariff No.11/2016-Customs to No.23/2016-Customs  01.03.2016 Non-Tariff No.30/2016-Customs (NT) to No. 33/2016-Customs (N.T.) 01.03.2016 CENTRAL EXCISE Tariff No.5/2016-Central Excise to No.18/2016-Central Excise 01.03.2016 Non-Tariff No.5/2016-Central Excise (N.T.) to No.21/2016-Central Excise (N.T.) 01.03.2016