Change in the Excise Dute Rate In Budget

2766 views 2 replies

Changes in Excise Duty Rates- Budget 2008
29 February 08

Changes in the central excise rate

Comparative chart showing Excise rates is available on the BCAS website.

Sr. No.

Products

Existing Rate

New Rate

1

Breakfast Cereals e.g. Corn Flakes,bulgat wheat,musli etc.

16%

8%

2

Pows,mudi & like items

16%

Nil

3

Cofee,tea pre-mixes

16%

Nil

4

Sharbats

16%

8%

5

Pan Masala(containing not more than 15% betel nut).(Subject to conditions)

37.5%

14%

6

Milk containing edible nuts with sugar or other ingredients

16%

Nil

7

Tender Coconut Water

16%

Nil

8

Non filter cigarette   not exceeding 60 mm (in Rs. Per 1000)

168

819

9

Non filter cigarette 60 mm -70mm (in Rs. Per 1000)

546

1323

10

Cement cleared in bulk

Rs. 400/-per tonne

14% or Rs. 400/- per tonne whichever is higher.

11

Cement clinkers

Rs.350/-per tonne

Rs. 450/- per tonne

12

Motor Spirit (petrol)- sold as non branded

6%.a.v.plus Rs. 13 per litre

Rs. 14.35 per litre

13

High Speed Diesel – sold as non branded

6% a.v.plus Rs. 3.25 per litre

Rs. 4.60 per litre

14

Menthol and Menthol Crystals

16%

Nil

15

Extracts of glands or other organs or of their secretions

16%

8%

16

Medicaments Ch.3003 and 3004.

16%

8%

17

Wadding, bandages etc.Ch. 3005

16%

8%

18

Pharmaceuticals (other than chemical contraceptives, hormones and waste)

16%

8%

19

Anti –AIDS drugs

16%

Nil

20

Ink for writing instruments

16%

8%

21

Aseptic Bags

16%

8%

22

Heat resistant rubber tape

16%

8%

23

Veneers sheets and flush doors

16%

8%

24

Aseptic packaging Paper

16%

8%

25

Paper, paper  Board etc made from pulp containing not less than 75% material other than Bamboo, Woods, reeds or rags

8%

Nil

26

Other paper, paper Board etc

12%

8%

27

Uncoated paper, Composite paper, Corrugated paper.

12%

8%

28

Open top sanitary cans

16%

8%

29

Water filtration and purification equipments

16%

8%

30

Shuttle less looms

Nil

8%

31

Composting Machine

16%

Nil

32

Packaged software

8%

12%

33

Wireless data cards

16%

Nil

34

Refrigeration equipments -2 tonne capacity

16%

Nil

35

Motor vehicles for transport of more than 13 persons

16%

12%

36

Electric Cars

8%

Nil

37

Small cars

16%

12%

38

Hybrid motor vehicles

24%

14%

39

Three wheelers for transport of not more than 7 persons

16%

12%

40

Motor cycles

16%

12%

Replies (2)

I want to know that which tax would be applicable on steel metal components & what would be the rate.

Explain briefly.

Originally posted by :C.A Amit Daga
" Is it possible to charge 8% excise rate for centrifuge model till Oct'08?? I will be glad if you can kindly let me know.



Changes in Excise Duty Rates- Budget 2008
29 February 08








Changes in the central excise rate
Comparative chart showing Excise rates is available on the BCAS website.





Sr. No.


Products


Existing Rate


New Rate




1


Breakfast Cereals e.g. Corn Flakes,bulgat wheat,musli etc.


16%


8%




2


Pows,mudi & like items


16%


Nil




3


Cofee,tea pre-mixes


16%


Nil




4


Sharbats


16%


8%




5


Pan Masala(containing not more than 15% betel nut).(Subject to conditions)


37.5%


14%




6


Milk containing edible nuts with sugar or other ingredients


16%


Nil




7


Tender Coconut Water


16%


Nil




8


Non filter cigarette   not exceeding 60 mm (in Rs. Per 1000)


168


819




9


Non filter cigarette 60 mm -70mm (in Rs. Per 1000)


546


1323




10


Cement cleared in bulk


Rs. 400/-per tonne


14% or Rs. 400/- per tonne whichever is higher.




11


Cement clinkers


Rs.350/-per tonne


Rs. 450/- per tonne




12


Motor Spirit (petrol)- sold as non branded


6%.a.v.plus Rs. 13 per litre


Rs. 14.35 per litre




13


High Speed Diesel – sold as non branded


6% a.v.plus Rs. 3.25 per litre


Rs. 4.60 per litre




14


Menthol and Menthol Crystals


16%


Nil




15


Extracts of glands or other organs or of their secretions


16%


8%




16


Medicaments Ch.3003 and 3004.


16%


8%




17


Wadding, bandages etc.Ch. 3005


16%


8%




18


Pharmaceuticals (other than chemical contraceptives, hormones and waste)


16%


8%




19


Anti –AIDS drugs


16%


Nil




20


Ink for writing instruments


16%


8%




21


Aseptic Bags


16%


8%




22


Heat resistant rubber tape


16%


8%




23


Veneers sheets and flush doors


16%


8%




24


Aseptic packaging Paper


16%


8%




25


Paper, paper  Board etc made from pulp containing not less than 75% material other than Bamboo, Woods, reeds or rags


8%


Nil




26


Other paper, paper Board etc


12%


8%




27


Uncoated paper, Composite paper, Corrugated paper.


12%


8%




28


Open top sanitary cans


16%


8%




29


Water filtration and purification equipments


16%


8%




30


Shuttle less looms


Nil


8%




31


Composting Machine


16%


Nil




32


Packaged software


8%


12%




33


Wireless data cards


16%


Nil




34


Refrigeration equipments -2 tonne capacity


16%


Nil




35


Motor vehicles for transport of more than 13 persons


16%


12%




36


Electric Cars


8%


Nil




37


Small cars


16%


12%




38


Hybrid motor vehicles


24%


14%




39


Three wheelers for transport of not more than 7 persons


16%


12%




40


Motor cycles


16%


12%









 
"


 

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