Pan masala duty structure revised: packing-machine monthly duty rates and component duty ratios redefined for products with and without tobacco. The amendment substitutes Table 1 to prescribe monthly duty per packing machine for pan masala and pan masala containing tobacco across three machine speed categories and retail sale price bands, and provides a linear formula for retail prices above the highest band with an illustrative calculation. It also substitutes Table 2 to specify duty component ratios allocating overall duty between central excise, additional excise duty, National Calamity Contingent Duty and education cess, with distinct ratios for products with and without tobacco and zeroed education cess components.
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.
Pan masala duty structure revised: packing-machine monthly duty rates and component duty ratios redefined for products with and without tobacco.
The amendment substitutes Table 1 to prescribe monthly duty per packing machine for pan masala and pan masala containing tobacco across three machine speed categories and retail sale price bands, and provides a linear formula for retail prices above the highest band with an illustrative calculation. It also substitutes Table 2 to specify duty component ratios allocating overall duty between central excise, additional excise duty, National Calamity Contingent Duty and education cess, with distinct ratios for products with and without tobacco and zeroed education cess components.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
