Effective Rate of duty on specified goods falling under the First Schedule to the Central Excise Tariff Act, 1985 [Nill or 5% or 10%] - 010/2006 - Central Excise - Tariff

New Excise Duty Rates Announced for Goods Under Central Excise Tariff Act, 1985; Some Exempt, Others at 5% or 10%

The notification dated March 1, 2006, pertains to the effective excise duty rates on specific goods under the Central Excise Tariff Act, 1985. It supersedes a previous notification from 2003, setting new duty rates for goods listed in chapters 1 to 96 of the tariff schedule. The rates vary, with some goods exempt from duty, while others are subject to 5% or 10% ad valorem rates. The notification includes clarifications on exemptions and defines 'retail sale price' for excisable goods. Subsequent amendments and omissions to the notification are noted, reflecting changes in duty rates and item classifications.