LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Specific Duty in Excise

CA. Niranjan Kumar (Student) (276 Points)

20 May 2010

Where is specific duty mentioned in Excise Laws in India? How can we find the rate of specific duty for a product eligible for specific duty? Does Central Govt declare the product liable for specific duty through Amendment / notification / circular / any other means?

Thank You Dear

Reply
Follow
Share

7 Replies

(Guest)

Heloo Niranjan

Prior to finance Act 2010 the rate of BED { basic Excise duty }was 8% and nil of SED ( Special Excise Duty ).

But as per finance Act 2010 this rate has been increased to 10% an case of BED and no change in SED....

For Any particular product govt time to time isuue notification for such purpose

regards

vishal malhotra

1 Like

CA. Niranjan Kumar (Student) (276 Points)
Replied 21 May 2010

Originally posted by : Vishal malhotra

Hello vishal

I m not asking about SED (Special Excise Duty- Levied on the basis of 2nd schedule of CETA). I m asking for Specific Duty. For eg. CG impose duty on cement, cigrate etc on the basis of weight, length or volume of product irrespective of their price. Hopefully you have read in Valuation Chapter. There are three types of Duty: Ad vvalurem Duty, Specific Duty and Compound Levy Duty.

So please reply my queries in this regard

Thanks

Niranjan

CS Vijay Daxini (At Practice) (732 Points)
Replied 22 May 2010

i know only one item on which specific duty is leviable that is:tarrif rate of cement clincker-rs.450 per tonne.for info. abt specifie duty go through schedules to central excise tarrif act

CA. Niranjan Kumar (Student) (276 Points)
Replied 22 May 2010

But where is specific duty is mentioned in the Excise Law? in Act or Rules?

CA. Niranjan Kumar (Student) (276 Points)
Replied 22 May 2010

How can govt levy excise duty through Custom Act.

I ve read that cvd is imposed on imported goods if excise duty is levied on such goods manufactured in India

CA. Niranjan Kumar (Student) (276 Points)
Replied 23 May 2010

can No one help me?

I m waiting for 4 days

Pls reply

tarun goel (executive) (173 Points)
Replied 26 June 2010

dear niranjan kumar. i have recently joined this forum. while going through the previous querries i saw your query. although this late answer but hopefully i am able to guide you. kindly go through the Central Excise Tariff Act, Customs Tariff Act and Central Excise Act. in the definition portion of all the Acts and preliminary chapters will satisfy your query. in particular go through section 3 of the Customs Tariff Act and Sections 2,3 & 4 of the Central Excise Act. if not satisfied , still let me know.