Budget 2020-21 + FINANCE BILL, 2020
Note:
(a) “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the Central Excise Act, 1944.
(b) “NCCD” means National Calamity Contingent Duty levied under Finance Act, 2001, as a duty of excise on specified goods at rates specified in seventh schedule to Finance Act, 2001
(c) Clause Nos. in square brackets [] indicate the relevant clause of the Finance Bill, 2020.
(d) Amendments carried out through the Finance Bill, 2020 come into effect on the date of its enactment, unless otherwise specified.
S. No. | Tariff Item | Description of goods | Unit | From | To |
1. | 2402 20 10 | Other than filter cigarettes, of length not exceeding 65 millimetres | Tu | ₹ 90 per thousand | ₹ 200 per thousand |
2. | 2402 20 20 | Other than filter cigarettes, of length exceeding 65 millimetres but not exceeding 70 millimetres | Tu | ₹ 145 per thousand | ₹ 250 per thousand |
3. | 2402 20 30 | Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) not exceeding 65 millimetres | Tu | ₹ 90 per thousand | ₹ 440 per thousand |
4. | 2402 20 40 | Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) exceeding 65 millimetres but not exceeding 70 millimetres | Tu | ₹ 90 per thousand | ₹ 440 per thousand |
5. | 2402 20 50 | Filter cigarettes of length (including the length of the filter, the length of filter being 11 millimetres or its actual length, whichever is more) exceeding 70 millimetres but not exceeding 75 millimetres | Tu | ₹ 145 per thousand | ₹ 545 per thousand |
6. | 2402 20 90 | Other (Cigarettes containing tobacco) | Tu | ₹ 235 per thousand | ₹ 735 per thousand |
7. | 2402 90 10 | Cigarettes of tobacco substitutes | Tu | ₹ 150 per thousand | ₹ 600 per thousand |
8. | 2403 11 10 | Hookah or gudaku tobacco | Kg | 10% | 25% |
9. | 2403 19 10 | Smoking mixtures for pipes and cigarettes | Kg. | 45% | 60% |
10. | 2403 19 90 | Other smoking tobacco | Kg. | 10% | 25% |
11. | 2403 91 00 | “Homogenised” or “reconstituted” tobacco | Kg. | 10% | 25% |
12. | 2403 99 10 | Chewing tobacco | Kg. | 10% | 25% |
13. | 2403 99 20 | Preparations containing chewing tobacco | Kg. | 10% | 25% |
14. | 2403 99 20 | Jarda scented tobacco | Kg. | 10% | 25% |
15. | 2403 99 40 | Snuff | Kg. | 10% | 25% |
16. | 2403 99 50 | Preparations containing snuff | Kg. | 10% | 25% |
17. | 2403 99 60 | Tobacco extracts and essence | Kg. | 10% | 25% |
18. | 2403 99 90 | Other (manufactured tobacco and substitutes) | Kg. | 10% | 25% |
*Will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931.
Full Text:
Budget 2020-21 + FINANCE BILL, 2020
Excise duty increase and higher NCCD rates on tobacco products raise tax incidence and apply immediately. Amendment increases excise and
NCCD rates for specified tobacco and tobacco substitute tariff items in the Seventh Schedule to the Finance Act, 2001, listing revised unit and ad valorem rates by tariff heading and measurement unit. The changes take effect on enactment and are applied immediately under the Provisional Collection of Taxes Act, 1931.
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