Prescribes peak rate of excise duty as 12% in most of the products and 6%, 14% adn 15% in certain cases
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....o to do, hereby exempts the goods falling under the Chapter, heading, sub-heading or tariff item of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), as are specified in column (2) of the Table below, from so much of the duty of excise leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the Table aforesaid. Table Sl.No Chapter or heading or sub-heading or tariff item of the First Schedule Rate (1) (2) (3) 1. 1107, 1108 (except 1108 20 00) 12% 2. 13 12% 3. 1517 10 22, 1520 00 00, 1521, 1522 12% 4. 1701 (except 1701 13 20 and 1701 14 20), 1702 (except 1702 90 10), 1704....
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....1, 3916 20 91 and 3916 90 10) 12% 29. 4002, 4003 0000, 4004 00 00, 4005, 4006, 4007, 4008 (except 4008 19 10, 4008 2110 and 4008 29 20), 4009, 4010, 4011, 4012 90 10 to 4012 90 90, 4013, 4014 (except 4014 10 10, 4014 10 20), 4015, 4016, 4017 12% 30. 42 12% 31. 43 12% 32. 4401, 4403, 4404, 4406, 4408 (except 4408 10 30, 4408 31 30, 4408 3930, 4408 90 20), 4409, 4410, 4411, 4412,4413 00 00, 4414 00 00, 4415, 4416, 441700 00, 4418, 4419, 4420, 4421 12% 33. 45 12% 34. 4707 12% 35. 4802, 4804, 4805, 4806 20 00, 4806 40 10, 4807, 4808, 4810 6% 36. 4803, 4806 (except 4806 20 00 and 4806 40 10) 4809, 4811, 4812 00 00, 4813, 4814, 4816, 4818, 4819 (except 4819 20 10) 4820, 4821,....
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.... 68. 7801, 7802, 7804, 7806 12% 69. 79 (except 7906) 12% 70. 8001, 8002, 8003, 8007 12% 71. 81 12% 72. 82 (except 8215) 12% 73. 8215 6% 74. 83 12% 75. 8401 to 8423, 8424 (except 8424 81 00) 8425 to 8431, 8434, 8435, 8438 to 8451, 8452 (except 8452 10 12, 8452 10 22, 8452 30 10, 8452 30 90, 8452 90 11, 8452 90 19, 8452 90 91, 8452 90 99), 8453 to 8468, 8469 (except 8469 00 30, 8469 00 40), 8470 to 8478, 8479 (except 8479 89 91, 8479 89 92), 8480 to 8484, 8486, 8487 12% 76. 8501 to 8519, 8521, 8522, 8523, 8525 to 8533, 8534 00 00, 8535 to 8547, 8548 90 00 12% 77. 8601 to 8604 (except 8604 00 00), 8605 00 00, 8606 6% 78. 8604 00 00, 8607, 8608, 8609 00....
TaxTMI