Central Excise duty rates for pan masala revised: new retail price and machine speed based tariff structure implemented. The notification substitutes Table 1 to set the rate of duty per packing machine per month for pan masala and pan masala containing tobacco by retail sale price bands and three machine speed categories, including linear formulae for prices above the top band with an illustrative computation. It also substitutes Table 2 to specify duty ratio components allocating the total duty among central excise, additional excise under the Finance Act, National Calamity Contingent Duty, and zero allocation to education cesses, with separate ratios for pan masala and pan masala containing tobacco.
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Central Excise duty rates for pan masala revised: new retail price and machine speed based tariff structure implemented.
The notification substitutes Table 1 to set the rate of duty per packing machine per month for pan masala and pan masala containing tobacco by retail sale price bands and three machine speed categories, including linear formulae for prices above the top band with an illustrative computation. It also substitutes Table 2 to specify duty ratio components allocating the total duty among central excise, additional excise under the Finance Act, National Calamity Contingent Duty, and zero allocation to education cesses, with separate ratios for pan masala and pan masala containing tobacco.
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