EXCISE

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.... application fee for seeking advance ruling from rupees two thousand five hundred to rupees ten thousand on the lines of the Income-tax Act. [113] 4. Sub-section (6) of section 23D is being amended so as to provide time of limit of six months by which Authority shall pronounce its ruling on the lines of the Income-tax Act. [114] 5. A new section 23-I is being inserted so as to provide for transferring the pending applications before the Authority for Advance Rulings (Central Excise, Customs and Service Tax) to the Authority constituted under section 245-O of the Income-tax Act from the stage at which such proceedings stood as on the date on which the Finance Bill, 2017 receives the assent of the President. [115] 6. ....

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.... whichever is higher The amendments involving change in the duty rates will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931. III. OTHER PROPOSALS INVOLVING CHANGES IN EXCISE DUTY RATES: S. No. Commodity From To   Amendments involving change in the rate of Additional Excise duty under Finance Act, 2005     B. Pan Masala     6. Pan Masala 6% 9% C. Tobacco and Tobacco Products     7. Unmanufactured tobacco 4.2% 8.3%   Amendments involving change in the rate of Basic Excise duty     8. Paper rolled biris - handmade Rs.21 per thousand Rs.28 ....

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....ition Applicable duty 6% 18. Miniaturized POS card reader for m-POS (not including mobile phones, or tablet computers), micro ATM as per standards version 1.5.1, Finger Print Reader/Scanner or Iris Scanner Applicable duty Nil 19. Parts and components for manufacture of miniaturized POS card reader for m-POS (not including mobile phones, or tablet computers), micro ATM as per standards version 1.5.1, Finger Print Reader/Scanner or Iris Scanner, subject to actual user condition Applicable duty Nil 20. a. Waste and scrap of precious metals or metals clad with precious metals arising in course of manufacture of goods falling in Chapter 71 b. Strips, wires, sheets, plates and foils of silver c. Articles ....