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        Case ID :

        NOTIFICATIONS ON ABTEMENT RATES ISSUED

        January 25, 2008

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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.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                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.





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                                Topics

                                ActsIncome Tax
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