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Government issued two notifications No. 05/2008- Central Excise (N.T.) and No. 06/2008 - Central Excise (N.T.) both dated 24/01/2008, here today prescribing applicable rate of abatements, for the purpose of payment of central excise duty on the basis of retail sale price, on the following goods:
Sl.No. | Central Excise Tariff | Description | Abatement as % of retail sale price |
1 | 8443 31 00 or 8443 32 | Printer whether or not combined with the functions of copying or facsimile transmission | 25 |
2 | 8443 99 51 | Ink cartridges, with print head assembly | 25 |
3 | 8471 30 | All goods | 22.5 |
4 | 8471 60 | All goods | 25 |
5 | 8517 62 30 | Modems (modulators - demodulators) | 25 |
6 | 8517 69 60 | Set top boxes for gaining access to internet | 24 |
7 | 8528 | Monitors of a kind solely or principally used in automatic data processing machine | 25 |
8 | 8528 71 00 | Set top boxes for television sets | 24 |
These notifications issued by the Central Board of Excise and Customs, Ministry of Finance will come into force with effect from 25.01.2008.
Abatement rates for retail-sale-based central excise duty prescribed for specified electronic goods, effective from notification. Two Central Excise notifications prescribe abatement rates for retail-sale-based valuation of specified tariff items: printers and multifunction devices and ink cartridges with print head assembly (25%), certain computer goods and peripherals (22.5%-25%), modems (25%), set top boxes for internet and television (24%), and monitors for automatic data processing machines (25%); the notifications were issued by the Central Board of Excise and Customs and take effect from 25.01.2008.Press 'Enter' after typing page number.