Customs duty on completely built units of vehicles or fully-imported cars will now attract duty of 30 per cent from 25 per cent earlier. This gives me the room to review excise duty and cess on petrol and diesel,” she added. The finance minister has raised customs duty on outdoor and indoor pvc doormat factory chargers/power adapters of CCTV cameras/ IP cameras, loudspeaker, optical fibre to 15 per cent. Similarly, the duty on base metal fittings, mountings and similar articles suitable for furniture, doors, staircases, windows, blinds, hinge for automobiles have also been increased to 15 per cent from the current 10 per cent. In certain cases, this levy has been contested on the ground that there is no basic excise duty on these items. Import of defence equipment, not manufactured in India, is being exempted from basic customs duty.

Finance Minister Nirmala Sitharaman (Photo: ANI)New Delhi: The common man will have to burn a hole in his pocket as a large number of daily-use items including petrol, diesel, gold, silver, stainless steel, cigarettes, fully-imported cars and split air conditioners (ACs), among others, will become more expensive due to a hike in duty and taxes as proposed by finance minister Nirmala Sitharaman in the 2019-20 Budget. To address this issue, a nominal basic excise duty is being imposed,” she added. The finance minister has also levied excise duty on hookah, chewing tobacco, jarda scented tobacco, smoking cigarette mixtures and other tobacco products from 0. For this purpose, the import of defence equipment that are not being manufactured in India are being exempted from basic customs duty,” said the finance minister.THE ASIAN AGE. This is a national priority. Customs duty on auto parts, including oil and petrol filters for engines horns, glass mirrors and locks, have gone up by 2.

On the customs front, Ms Sitharaman said the Budget proposals are driven with the objectives of securing India’s borders, achieving higher domestic value-addition through the Make-in-India programme, reducing import dependence, protection to the MSME sector, promoting clean energy, curbing non-essential imports and correcting inversions.However, at the same time, the common man has also reason to cheer as items like electric vehicle components, camera module and mobile phone chargers and set-top boxes, among a few items, will become cheaper. “Tobacco products and crude oil attract national calamity and contingent duty. Customs duty on digital video recorder (DVR) and network video recorder (NVR) and CCTV camera and IP camera has been increased by five per cent to 20 per cent.Ms Sitharaman said exemptions from customs duty on certain electronic items that are now being made in India are being withdrawn.Customs duty on ceramic roofing tiles and ceramic flags and pavings, hearth or wall tiles etc have been hiked to 15 per cent from 10 per cent earlier.The finance minister has levied excise duty on tobacco products, bidis and cigarettes, depending on the length and type from nil to 10 paise per thousand to `10 per thousand.

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The Chinese have questioned how China can be excluded from the denuclearisation process on the Korean peninsula. He cautioned, “if the US is trying to drive us into a corner to force our unilateral nuclear abandonment, we will no longer be interested in such dialogue pvc woven placemat Factory and cannot but reconsider our proceeding to the DPRK-US summit.China was feeling left out in this entire process. The summit will happen only if Mr Trump wants to go ahead as North Korean red lines have now been drawn.Mr Kim has repeatedly demonstrated his sense of timing, depth of strategic thinking and ability to control the agenda as well as the pace of North Korea’s negotiations with other parties.

The main demand from North Korea would be the immediate lifting or substantial easing of the crippling economic sanctions against it which would require UN Security Council approval. On withdrawal of US troops, Mr Trump may be inclined to drastically reduce the number of American soldiers in South Korea, which would be in line with his declared policy of reducing America’s security commitments and expenditure on bases abroad. The audacity of thought in the Panmunjom Declaration for Peace, Prosperity and Unification of the Korean peninsula stunned the international strategic community, particularly in the background of gathering war clouds in the autumn of last year. Mr Kim has already promised an end to all nuclear and missile tests and released three American prisoners; so what more can be achieved during the Trump-Kim summit?Mr Trump has a laser like focus on “denuclearisation of North Korea” whereas Mr Kim is likely to negotiate the terms of a “nuclear free Korean peninsula”.

The writer is a retired ambassadorend-ofTags: donald trump, xi jinping, kim jong-un. Chinese analyst have noted that the only role assigned to China in the Panmunjom Declaration is “quadrilateral meetings involving the two Koreas, the United States and China, with a view to declaring an end to the war, turning the armistice into a peace treaty, and establishing a permanent and solid peace regime”. Perhaps this ambiguity gives room for both Mr Trump and Mr Kim to come to some understanding. President Moon has not been keen on the continuation of THAAD batteries on South Korean soil and has already agreed with China to freeze deployment of any additional THAAD batteries.US national security adviser John Bolton made a psychological blunder when he told a TV channel that the 2003 agreement for Libya’s denuclearisation could be a model for the agreement with North Korea. 

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