TaxTMI 
TaxTMI 
NOTES ON CLAUSES - EXCISE
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.... can be collected for the purposes of the Act, such as, to identify tax evaders or recover confirmed dues. It is also proposed to insert a new section 15B which provides for imposition of penalty if the information return is not submitted. [Clause 90] 4) Section 31(g) and section 32(1) is being amended to change the name of the 'Customs and Central Excise Settlement Commission' to the 'Customs, Central Excise and Service Tax Settlement Commission' as the scope of the functioning of the Customs and Central Excise Settlement Commission was expanded in the year 2012 so as to include settlement of Service Tax matters as well. [Clause 91, 92] 5) Section 32E(1) is being amended to replace the reference to section 11AB with a reference to section 11AA since section 11AB has been omitted by the Finance Act, 2011. [Clause 93] 6) Section 32E(1) is also being amended to allow filing of applications of settlement before the Settlement Commission in cases where the applicant has not filed the returns after recording reasons for the same. [Clause 93] 7) Section 32E is being amend....
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....w amount. [Clause 100] 16) The Third Schedule to the Central Excise Act, 1944 is being aligned with notification No. 49/2008-CE (NT) dated 24.12.2008 which specifies goods liable for assessment based on Retail Sale Price (RSP). [Clause 104] The change at para 16) will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. AMENDMENTS IN THE FIRST SCHEDULE TO THE CENTRAL EXCISE TARIFF ACT, 1985: 1) Excise duty on cigarettes is being increased by 72% for cigarettes of length not exceeding 65 mm and by 11% to 21% for cigarettes of other lengths. Similar increases are proposed on cigars, cheroots and cigarillos. 2) Basic excise duty is being increased from 12% to 16% on pan masala, from 50% to 55% on unmanufactured tobacco and from 60% to 70% on jarda scented tobacco, gutkha and chewing tobacco. 3) Tariff item 2402 20 60 is being omitted. 4) The entry 2403 19 occurring against the description "Other than paper rolled biris, manufactured without the aid of machine" is being substituted wit....
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....tion Limited or Bharat Petroleum Corporation Limited retrospectively from 08.02.2013 so as to treat NDEC customers, such as, hospitals, government canteens, BSF/CISF mess, etc., at par with domestic customers for the purposes of supply of LPG. [Clause 103] Proposals involving changes in rates of duty: I. AGRICULTURE/AGRO PROCESSING/PLANTATION SECTOR: 1) Excise duty on machinery for the preparation of meat, poultry, fruits, nuts or vegetables, and on presses, crushers and similar machinery used in the manufacture of wine, cider, fruit juices or similar beverages and on packaging machinery is being reduced from 10% to 6%. II. AUTOMOBILES: 1) Excise duty is being exempted on parts of tractors removed from one or more factories of a tractor manufacturer to another factory of the same manufacturer for manufacture of tractors. III. METALS: 1) Excise duty on winding wires of copper is being increased from 10% to 12%. IV. PRECIOUS METALS 1) Un-branded articles of precious metals are being exempted from excise duty for the period 01.03.2011 to 16.03.2012. V. T....
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....s being reduced from 12%/10% to 6%. VIII. RENEWABLEENERGY 1) Excise duty is being reduced from 12% to Nil on forged steel rings used in the manufacture of bearings of wind operated electricity generators. 2) Full exemption from excise duty is being provided for solar tempered glass used in the manufacture of solar photovoltaic cells/modules, solar power generating equipment/system, and flat plate solar collectors. 3) Full exemption from excise duty is being granted in respect of machinery, equipments, etc. required for setting up of solar energy production projects. 4) Full exemption from excise duty is being provided to backsheet and EVA sheet used in the manufacture of photovoltaic cells/modules and specified raw materials used in their manufacture. 5) Full exemption from excise duty is being provided to parts consumed within the factory of production for the manufacture of non-conventional energy devices [Sl.No.332 of notification No.12/2012-CE, dated 17.03.2012]. 6) Full exemption from Excise Duty is being provided on flat copp....
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.... retrospectively from 08.02.2013. 3) The rate of Clean Energy Cess levied on coal, lignite and peat is being increased from Rs. 50 per tonne to Rs. 100 per tonne. XI. SECURITY AND STRATEGIC PURPOSES: 1) Full exemption from Excise Duty is being provided to goods supplied to National Technical Research Organisation (NTRO). 2) Full exemption from excise duty is being provided for security threads and security fibre supplied to Security Paper Mill Corporation of India Limited (SPMCIL) and Bank Note Paper Mill India Private Limited (BNPMIPL). XII. MISCELLANEOUS 1) Optional excise duty of 2% (without CENVAT)/6% (with CENVAT) on writing and printing paper for printing of educational textbooks is being withdrawn and instead a uniform excise duty of 6% with CENVAT is being levied. 2) Intermediate goods manufactured and consumed captively for further manufacture of matches is being fully exempted. 3) The scope of the Excise Duty exemption to "all goods supplied against International Competitive Bidding" is being clarified to the effect that the said exempt....