Excise duty of 1% without cenvat facility imposed on specified items which were till now exempt or charged to nil duty. Finance minister pranab mukherjee on monday retained the rate of standard excise duty at 10 per cent in the budget for 201112, giving a little respite to industry, which feared a. To locate an hs code for an item, please click on the appropriate chapter below. The defence has also not denied the provisions of the notification. Electrical machinery and equipment and parts thereof. Additional duties of excise goods of special importance act, 1957 58 of 1957. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the government of india in the. The central excise tariff act, 1985 5 of 1986 general rules for interpretation of. Additional duties of excise goods of special importance act, 1957 58 of 1957 4. Oct 23, 2010 the central excise tariff act, 1985 5 of 1986 including general excise acts rules for the interpretation of the first schedule to the central excise tariff act, 1985. It is a resource generation department of the state, which enforces the state excise laws in the state.
Concessional rate of excise duty of 4% increased to 5%. General exemptions central excise tariff the duty of excise specified thereon in the first schedule to the central excise one or more manufacturers, for the financial year 201112 shall be calculated. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the government. A general effective rate of 5% is also being prescribed without any conditions. Budget 2014 changes in excise duty rates and baggage rules. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the government of india. Central excise tariff central excise tariff act, 1985 general proposals involving changes in rates of duty. In the central excise tariff act, 1985 hereinafter referred to as the central excise tariff act, a the first schedule shall, i be amended in the manner specified in the tenth schedule. An amendment has been proposed in the finance bill, 20 clause 92 read with the sixth schedule to delete the current subheading 1517 90 20 and entries relating thereto from the tariff.
General explanatory notes to the first schedule to the central excise tariff act, 1985. Econ 101 study guide 201112 na instructor na at indiana. Budget 201112 highlights of amendment in excise duty. Eximkey india dgft, customs, excise, export import policy. Exemption for export of excise verified stock of 1053. Budget 2014 changes in excise duty rates and baggage. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the excisable goods of the description specified in column 3 of the table. However, the applied rate is nil for subheading 1517 90 20. Hereafter, peanut butter will be classified under subheading 2008 11 00.
General rules for interpretation of the schedule to the central excise tariff act, 1985. Feb 28, 20 hereafter, peanut butter will be classified under subheading 2008 11 00. As regards the worksheet and the copies of the invoices submitted by the advocate in his defence reply, and on perusal thereof it is seen that the assessee. Central excise tariff of india 201112 with commodity index author.
The central excise tariff act, 1985 5 of 1986 general rules for interpretation of the schedule to the central excise tariff act, 1985. The central excise tariff act, 1985 5 of 1986 including general excise acts rules for the interpretation of the first schedule to the central excise tariff act, 1985. Mar 02, 20 subheading 1517 90 20 peanut butter is being deleted from the first schedule to the central excise tariff act, 1985. Buy central excise law manual 201718 book online at low price in india on. General explanatory notes and additional notes additional duties of excise goods of special importance act, 1957 58 of 1957. Central excise law manual 201718, by r k jain, 9788175885257. Buy central excise tariff of india 2011 12 with commodity index book online at low price in india on. After the presentation of the budget 201112 on 2822011, the. Finance minister pranab mukherjee on monday retained the rate of standard excise duty at 10 per cent in the budget for 2011 12, giving a little respite to industry, which feared a. Study 301 econ 101 study guide 2011 12 na flashcards from studyblue on studyblue. Report on the activites of the excise department on 201112. Central excise tariff of india 201112 with commodity.
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