BUDGET 09-10: CHANGES IN CENTRAL EXCISE RATES

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Changes in the effective rates are as under-

Sr.

No.

Products

Existing Rate

New Rate

1

Motor spirit (Petrol)-sold under brand name(Basic duty)

6%+Rs. 5 per litre

Rs.6.50 per litre.

2

High speed diesel -sold under brand name(Basic duty)

6%+Rs. 1.25 per litre

Rs.2.75 per litre.

3

Bio diesel

6%+Rs. 1.25 per litre

NIL

4

Special boiling point spirits

14%+Rs. 15 per litre

14%

5

Naphtha

16%

14%

6

Pure terephthalic acid (PTA)

4%

8%

7

Dimethyle terephthalate (DMT)

4%

8%

8

Acrylinitrille

4%

8%

9

Ink used in writing instruments

4%

8%

10

Polyester chips

4%

8%

11

Heat resistant rubber thread

4%

8%

12

Heat resistant rubber tension tape

4%

8%

13

Raw, tanned or dressed fur skins

4%

8%

14

Veneering sheet for plywood, laminated wood, and other wood – of thickness not exceeding 6mm

4%

8%

15

Particle board, oriented strand board, Fiber board of wood or other ligneous materials

4%

8%

16

Plywood,vennered panels and similar laminated wood

4%

8%

17

Flush doors

4%

8%

18

Articles of wood other than articles of densified wood

4%

8%

19

Folders, file covers, manifold business forms, and other articles of stationery of paper (except notebooks and exercise books)

4%

8%

20

Paper and paper board labels

4%

8%

21

Articles of mica

4%

8%

22

Solid or hollow building blocks

4%

8%

23

Man made filament yarn

4%

8%

24

Man made fibers

4%

8%

25

Articles of stones, cement etc containing not less than 25% by weight fly ash or phosphor gypsum or both

4%

8%

26

Goods manufactured at site of construction work at such site

4%

NIL

27

Ceramic tiles manufactured in a factory not using electricity for firing kiln

4%

8%

28

Branded jewellery

2%

NIL

29

LPG gas stoves

4%

8%

30

Cotton goods ( optional with Cenvat credit)

NIL

4%

31

All textile goods made of man made fiber/yarn or natural fibers/yarn (other than cotton) (optional with Cenvat credit)

4%

8%

32

Tops (man made) made out of duty paid man made tow by independent processor using “tow –to-top” process

4%

NIL

33

Electronic milk fat testers and electronic solid non-fat testers

4%

8%

34

MP3/MP4/and MPEG4 players

4%

8%

35

Motor vehicles having engine capacity exceeding 1999cc

20%+ Rs. 20000 per unit

20%+   Rs. 15000 per unit

36

Petrol driven vehicles for transport of goods (except dumpers)

20%

8%

37

Chassis for Petrol driven vehicles for transport of goods (except dumpers)

20%  + Rs. 10000 per chassis

8%  + Rs. 10000 per chassis

38

Patent Ductus Arteriosus/Atrial septal Defect Occlusion devices

8%

NIL

39

Contact lenses

4%

8%

40

Parts of drawing and mathematical instruments

4%

8%

41

Playing cards

4%

8%

42

Pain brushes, shaving brushes, toothbrushes

4%

8%

43

Slide fasteners and parts thereof

4%

8%

Replies (1)

Central Excise Duty

 
All goods that are produced or manufactured in India shall be charged a duty of excise called Cenvat at the rates specified in the Central Excise Tariff.
 
Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws.
 
No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorised agent.
 
Every assessee has to submit to the superintendent of Central Excise a monthly return in the specified form. For specified situations such as manufacture of goods exempt under a notification, a prescribed declaration and/ or a financial statement needs to be filed.
 
Credit of service tax paid on input services, by a manufacturer of goods, is now available, in addition to the credit that was available in respect of inputs/ capital goods.
 
For More Details Visit www. inode.co.in or https://inodetechnologies.blogspot.com

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