TaxTMI 
TaxTMI 
TaxTMI 
EXCISE
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....ended so as to empower the Board for implementation of any other provision of the said Act in addition to the power to issue orders, instructions and directions. [141] 4. The Third Schedule is being amended so as to: a) make some editorial changes, consequent to 2017 Harmonized System of Nomenclature. b) include therein: All goods falling under heading 3401 and 3402; Aluminium foils of a thickness not exceeding 0.2 mm; Wrist wearable devices (commonly known as 'smart watches'); and Accessories of motor vehicle and certain other specified goods. Changes at (b) above will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. [142(ii)] [142(i)] AMENDMENTS IN THE FIRST SCHEDULE ....
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....ver is higher 4 Cigarettes of tobacco substitutes Rs.3375 per thousand Rs.3755 per thousand 5 Cigarillos of tobacco substitutes 12.5% or Rs.3375 per thousand, whichever is higher 12.5% or Rs.3755 per thousand, whichever is higher 6 Others of tobacco substitutes 12.5% or Rs.3375 per thousand, whichever is higher 12.5% or Rs.3755 per thousand, whichever is higher 7 Gutkha, chewing tobacco (including filter khaini) and jarda scented tobacco 70% 81% 8 Unmanufactured tobacco 55% 64% 9 Paper rolled biris [whether handmade or machine made] and other biris [other than handmade biris] However, the effective rate of basic excise duty of ₹ 21 per thousand shall remain unchanged. Rs.30 per thousand Rs.80 per thous....
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....redit] or 6% [with CENVAT credit] 2% [without CENVAT credit] or 12.5% [with CENVAT credit] Footwear 7 Rubber sheets & resin rubber sheets for soles and heels 12.5% 6% 8 Increase the abatement from retail sale price (RSP) for the purposes of excise duty assessment for all categories of footwear 25% 30% Metals 9 To change excise duty structure on disposable containers made of aluminium foils. 2% [without CENVAT credit] or 6% [with CENVAT credit] 2% [without CENVAT credit] or 12.5% [with CENVAT credit] Precious metals & Jewellery 10 Refined gold bars manufactured from gold dore bar, silver dore bar, gold ore or concentrate, silver ore or concentrate, copper ore or concentrate. Prospectively, the excise duty exempti....
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....ent between the importer/producer of power and the purchaser, for the sale and purchase of electricity generated using non-conventional materials" for availing concessional customs/excise duty benefits in case of power generation project based on municipal and urban waste - - Civil Aviation 17 Aviation Turbine Fuel [ATF] other than for supply to Scheduled Commuter Airlines (SCA) from the Regional Connectivity Scheme airports 8% 14% Maintenance, repair and overhaul [MRO] of aircrafts 18 Tools and tool kits when procured by MROs for maintenance, repair, and overhauling [MRO] of aircraft subject to a certification by the Directorate General of Civil Aviation Applicable excise duty Nil 19 To simplify the procedure for availment o....
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....tric Vehicles and Hybrid Vehicles 6% Upto 31.03.2016 6% Without time limit 27 Engine for xEV (hybrid electric vehicle) 12.5% 6% Miscellaneous 28 Excise duty on sacks and bags of all plastics is being rationalized at 15%. 12.5%/15% 15% 29 Unconditionally exempt improved cook stoves including smokeless chulhas for burning wood, agrowaste, cowdung, briquettes, and coal Nil Nil 30 Disposable sterilized dialyzer and micro barrier of artificial kidney 12.5% Nil 31 Ready Mix Concrete manufactured at the site of construction for use in construction work at such site 2% [without input tax credit] / 6% [with input tax credit] Nil 32 Parts of railway or tramway locomotives or rolling stock and railway or tramway track fix....