5 different acts of gov.

India consumer protection DIRECT AND INDIRECT TAXES IMPORT AND EXPORT DUTY PROFIT TAX AND CORPORATION TAX

Heading No. (1) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

Description of article (2) Coffee Black pepper De-oiled groundnut oil cakes De-oiled groundnut meal (solvent extracted variety) Tobacco unmanufactured Sillimanite Kyanite Mica, including fabricated mica Steatite (Talc) Manganese ore Iron ore, all sorts The following chromite ore and concentrates, namely :i. ii. iii. iv. High grade fines and concentrates with Cr2O3 content 47% and above Medium grade fines and concentrates with Cr2O3 content 35% and above but below 47% Lumpy ore with Cr2O3 content 35% and above but below 42% Low grade lumpy ore or fines or concentrates with Cr2O3 content below 35% and FeO content above 23%

Rate of duty (3) Rs. 2200 per quintal Rs. 5 per kilogram Rs. 125 per tonne Rs. 125 per tonne 75 paise per kilogram or 20% whichever is lower 20% Rs. 40 per tonne 40% 20% Rs. 20 per tonne 10% plus Rs. 50 per tonne 10%

13. 14.

Manganese Dioxide Hides, Skins and leathers, tanned and untanned, all sorts, but not including manufactures of leather

20% 60% Rate changed vide NotificationCustom Notification No. 132/2000 dtd. 17th October, 2000)

Details 15. 16. 17. 18. Raw wool Raw cotton Cotton waste, all sorts Jute manufactures (including manufactures of Bimlipatam Jute or of Mesta Fibre) when not in actual use as covering, receptacles or bindings, for other goods 1. Not elsewhere specified 2. Hessian Cloth and Bags i. ii. Carpet Backing Other hessian cloth (including narrow Backing Cloth) and Bags 1. Jute canvas, jute webbings, jute tarpaulin cloth and manufactures thereof 2. Sacking (cloth, bags, twist, yarn, rope and twine) 19. 20. Coir Yarn Groundnut i. ii. 21. 22. 23. 24. 25. Groundnut kernel Groundnut in shell Rs. 125 per tonne Rs. 50 per kilogram Rs. 5 per kilogram Rs. 50 per tonne Rs. 1500 per tonne Rs. 2000 per tonne 15% Rs. 1500 per tonne Rs. 1125 per tonne 25% Rs. 2500 per tonne 40% Rs. 150 per tonne Rs. 700 per tonne Rs. 1000 per tonne Rs. 200 per tonne Rs. 150 per tonne

Animal Feed Cardamom Tea Barytes Turmeric i. ii. in powder form in any other form

26.

Granite (including black granite), porphyry and basalt, all sorts

15%

A tax is said to be direct tax when impact and Incidence of a tax are on one and same person, i.e., when a person on whom tax is levied is the same who finally bears the! burden of tax. For Instance, income tax is a direct tax because impact and incidence falls on the same person.

Indirect taxes are those taxes which are paid in the first instance by one person and then are shifted on to some other persons. The impact is one person but the incidence is on the other. (i) It is not possible to evade indirect tax. The only way to avoid this tax is not to buy taxed commodities. (ii) They are more convenient because they are wrapped in prices. Consumer often does not know that he is paying tax.