Central excise tariff 2010-11 pdf

One crore ten million per annum during the year 2010 11 rate of duty cenvat credit taken duing 200910 rs. 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. General rules for interpretation of the schedule to the central excise tariff act, 1985. Excise duty, imposed under section 3 of the central excises and salt act of1944 on all excisable goods other than salt produced or manufactured in india, at the rates set forth in the schedule to the central excise tariff act, 1985, falls under the category of basic excise duty in india. In exercise of the powers conferred by subsection 2 of section 75 of the customs act, 1962 52 of 1962, subsection 2 of section 37 of the central excise act, 1944 1 of 1944, and section 93a and subsection 2 of section 94 of the finance act, 1994 32 of 1994 read with rules 3 and 4 of the customs, central excise duties. All the above factors are taken into consideration for the purpose of study. Highlight of the changes proposed in central excise in the budget 201011. Briefly stated the facts of the case are that during the course of scrutiny of er1 returns filed by the noticee, it was noticed that the noticee was showing a payment towards differential duty in the col 6. Notifications central board of indirect taxes and customs. View 161 kb 198 kb tariff notification in respect of fixation of tariff value of edible oils. General explanatory notes and additional notes additional duties of excise goods of special importance act, 1957 58 of 1957.

Chapter ii central excise duty on iron and steel products and. Nov 18, 2010 central excise tariff notification 342010 c. Acts and rules are also very important since the excise law is procedure oriented. Highlight of the changes proposed in central excise. The central excise rules, 2002 are being amended to provide for. Electrical energy is classified under customs tariff entry no. Central excise tariff act is based on the harmonized system of nomenclature hsn. Paperless customs electronic communication of pdf based gatepass and ooc copy of bill of.

For the purposes of the customs tariff act, 1975 51 of 1975. Matters relating to central excise including central excise tariff act, 1985 5 of 1986 and service tax administration. Indias premier portal on dgft, customs and central excise matters. Central excise tariff notification 332012ce,regarding exemption under status holder incentive scrip shis scheme,central excise tariff notification no. Chapter ii central excise duty on iron and steel products.

Name of unit ecc code address type of unit name of commodity mfd. However, in indirect taxes, particularly central excise duty, service tax, customs duty and vat, which play a very crucial role in cost of production. During the course of central excise audit of the records of the appellant for the period june2010 to october20, it was. Latest updates on central excise for small scale industries. It has been defined under chapter 61 of central excise tariff act, 1985 as brand name means a brand name, whether registered or not. Accordingly, the duty leviable under the compounded levy scheme has been modified. 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. Tariff notification in respect of fixation of tariff value of edible oils, brass scrap, poppy seeds, areca nut, gold and silver reg. Jul 10, 2014 accordingly, the duty leviable under the compounded levy scheme has been modified. Levy of tax on the course of interstate trade or commerce problems arising out of the. Central excise duty rates on cement and cement clinker are being revised as.

A b tariff item description of goods unit drawback when cenvat. The rates of duty on cement manufactured by units other than mini cement plant in packaged form and bulk form have also been revised upwards. The effective rate of excise duty of 10% on nonpetroleum products is being increased to 12% with a few exceptions where exemptionsconcessions have been given. Briefly stated the facts of the case are that during the course of. Date for determination of duty and tariff valuation. Determination of value under section 14 of the customs act, 1962 in. Changes in excise duty and notification india budget 2014. Part a question 1 a compute the assessable value and amount of excise duty payable under the central excise act, 1944 and rules made thereunder from the following information. Major proposals about central excise duty are the following. Excise duty, difference between modvat and cenvat, types of excise duty, basis of payment of excise duty, who is liable to pay excise duty, the central excise tariff act,1985, rate of excise duty, excise duty calculation. Additional duties of excise goods of special importance act, 1957 58 of 1957.

It must be specified in the central excise tariff d all of the above. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. Central excise, rules, tariff, acts, notifications, manual, circular. Customs duty calculator new compliance information portal cip authorized banks for epayment through icegate. Second schedule to the central excise tariff act, 1985 5 of 1986, when cleared. Central excise valuation determination of price of excisable goods rules, 2000 2. Whereas it appears that the said assessee has wrongly taken the cenvat. During the course of central excise audit of the records of the appellant for the period june 2010 to october20, it was. In the budget 201011, 10 % excise duty on branded garments was levied by the then finance minister mr. The effective rate of excise duty of 10% on nonpetroleum products is being increased to 12% with a few exceptions.

Office of the assistant commissioner of central excise, division iv, 5th floor, central excise bhavan, nr. This is the duty which is collected by central govt. Guest central excise and budget 2010 2011 changes made in respect of central excise and ssi units through budget 20102011 12032010. Consequential changes have been made to other tariff items in the said heading. Additional duties of excise goods of special importance act, 1957 58 of 1957 4. Changes in excise duty and notification india budget 201415. Excise tariff amendment aviation fuel bill 2010 3 warning. Members, senators and parliamentary staff can obtain further information from the parliamentary library on. Administration of sales tax laws validation act, 1956 7 of 1956. Mar 19, 2012 central excise tariff central excise tariff act, 1985 general proposals involving changes in rates of duty 1. The requirement is that the goods are to be purchased. First schedule to the central excise tariff act, 1985 5 of 1986, registered in the name of provider of output service for providing taxable services as specified in subclauses zzza and zzzy of clause 105 of section 65 of the said finance act d components, spares and accessories of motor vehicles. Central excise tariff central excise tariff act, 1985 general proposals involving changes in rates of duty 1. Aabcm0535gxm002 for the manufacture of agro chemicals falling under ch.

Every person who is registered with excise has to file periodic return on timely basis. In other words, if articles of jewellery is purchased by a and sold, a is not required to pay any excise duty. The rates at which duties of excise shall be levied under the4 central excise and salt act, 1944 1 of 1944 are specified in3 the first schedule. Complete indian central excise tariff heading with hs code and tax. Soap,organic surfaceactive agents,washing preparations,lubricatingpreparations, artificial waxes,prepared waxespolishing or scouring preparations, candles and similar articles, modelling pastes, dental waxes and dental preparations with basis of plaster search updated central excise duty and tariff of years 2009, 2008, 2007 and 2006. View 161 kb 198 kb tariff notification in respect of fixation of tariff value of edible oils, brass scrap, poppy seeds, areca nut, gold and silver reg. Apr 20, 2020 central excise duty get daily updated information about central excise duty on manufacturing and export goods in india. Incometax act, 1961 and relevant assessment year 201011, unless stated otherwise. The excise duty of all goods which attracted 8% central excise duty previously will now be taxed at 10%. Central excise duty at the rate of 12 per cent was leviable on iron and steel and its articles with effect from 19 march, 2012. Amended by the latest budget notifications, this useful book has a presentation in single volume covering over 0 pages.

In crores total revenue realised in 2010 11 value of export total value of. Central excise duty liability is only on the manufacturer and not on the trader of excisable goods. Central excise duty get daily updated information about central excise duty on manufacturing and export goods in india. Central excise rules 2002, and section 11b of the central excise act 1944. Intellectual property rightsipr faq on warehousing. First schedule to the central excise tariff act, 1985 5 of 1986, registered in the name of provider of output service. Bigs easy reference customs tariff 201011 ebc webstore. A b tariff item description of goods unit drawback when cenvat facility has not been availed drawback when cenvat facility has been availed drawback rate drawback cap per unit in rs. Excise duty is applicable only on manufactured excisable goods.

The central excise act, 1944 as well as the customs act, 1962 were amended. General explanatory notes to the first schedule to the central excise tariff act, 1985. It has been defined under chapter 61 of central excise tariff act, 1985 as brand name means a brand name, whether registered or not, that is to say, a name or a mark, such as a symbol, monogram, label, signature or invented words or any writing which is used in relation to a product, for the purpose of indicating, or so as to indicate, a. Central board of excise and customs home page of central.