Central Excise Tax rate changes for cereals as per Indian Budget

Excise duty changes for cereals under Chapter 10 of HS code under new Indian Budget 2017-18
 

Central Excise Tax rate changes for cereals as per Indian BudgetMajor changes in Indian Budget 2017-18 is being introduced based on the introduction of GST before September 2017 by redefining Indian Tax system.  The budget is presented along with Railway Budget and after demonetization in country. The Central Excise tax charges for cereals are described below according to Indian Union Budget 2017-18.

 

No changes in Customs Duty rates as per Indian Budget 2017-18 under this HSN chapter

Click here to read government notification on changes in Excise tax tariff rate under Indian Budget 2017-18, HSN code chapter wise.  


 

Customs duty tariff rate changes as per Indian Budget 2017-18

Central Excise Duty changes as per Indian Budget 2017-18

Service Tax rate Changes under Indian Budget 2017-18

 

 

EXCISE RATE CHANGES AS PER BUDGET 2017-18

 

 

 

Commodity

Rate of Duty

 

 

 

From

To

I.

Public Health

A.

Tobacco and Tobacco Products

 

  1.  

Cigar and cheroots

12.5% or Rs.3755 per thousand, whichever is higher

12.5% or Rs.4006 per thousand, whichever is higher

 

  1.  

Cigarillos

12.5% or Rs.3755 per thousand, whichever is higher

12.5% or Rs.4006 per thousand, whichever is higher

 

  1.  

Cigarettes of tobacco substitutes

Rs.3755 per thousand

Rs.4006 per thousand

 

  1.  

Cigarillos of tobacco substitutes

12.5% or Rs.3755 per thousand, whichever is higher

12.5% or Rs.4006 per thousand, whichever is higher

 

  1.  

Others of tobacco substitutes

12.5% or Rs.3755 per thousand, whichever is higher

12.5% or Rs.4006 per thousand, whichever is higher

 

  1.  

Paper rolled biris – handmade

Rs.21 per thousand

Rs.28 per thousand

 

  1.  

Paper rolled biris – machine made

Rs.21 per thousand

Rs.78 per thousand

II.

Incentivizing domestic value addition, ‘Make in India’

A.

Renewable Energy

 

  1.  

All items of machinery required for balance of systems operating on biogas/ bio-methane/ by-product hydrogen

12.5%

6%

B.

Miscellaneous

 

  1.  

Membrane Sheet and Tricot/Spacer for use in the manufacture of RO membrane element for household type filters, subject to actual user condition

12.5%

6%

 

  1.  

All parts for use in the manufacture of LED lights or fixtures, including LED lamps, subject to actual user condition

Applicable duty

6%

 

  1.  
    1. Waste and scrap of precious metals or metals clad with precious metals arising in course of manufacture of goods failing in Chapter 71
    2. Strips, wires, sheets, plates and foils of silver
    3. Articles of silver jewellery, other than those studded with diamond, ruby, emerald or sapphire
    4. Silver coin of purity 99.9% and above, bearing a brand name when manufactured from silver on which appropriate duty of customs or excise has been paid
 

 

 

 

Nil

Nil, subject to the condition that no credit of duty paid on inputs or input services or capital goods has been availed by manufacturer of such goods

III.

Promotion of cashless transactions and promote domestic manufacturing of devices used therefor

 

  1.  

a)        Miniaturized POS card reader for m-POS (not including mobile phones or tablet computers),

b)       micro ATM as per standards version 1.5.1,

c)        Finger Print Reader / Scanner, and

d)       Iris Scanner

Applicable duty

Nil

 

  1.  

Parts and components for manufacture of:

a)        Miniaturized POS card reader for m-POS (not including mobile phones or tablet computers),

b)       Micro ATM as per standards version 1.5.1,

c)        Finger Print Reader / Scanner, and

d)       Iris Scanner

Applicable duty

Nil

 

Note:    “Basic Excise Duty” means the excise duty set forth in the First Schedule to the Central Excise Tariff Act, 1985.

 

 

CHANGES IN RATE OF ADDITIONAL DUTY LEVIED UNDER SECTION 85 OF THE FINANCE ACT, 2005

 

 

 

Commodity

Rate of duty

 

 

 

From

To

A.

Pan Masala

 

  1.  

Pan Masala

6%

9%

B.

Tobacco and Tobacco Products

 

  1.  

Unmanufactured tobacco

4.2%

8.3%

 

  1.  

Non-filter Cigarettes of length not exceeding 65mm

Rs.215 per thousand

Rs.311 per thousand

 

  1.  

Non-filter Cigarettes of length exceeding 65mm but not exceeding 70mm

Rs.370 per thousand

Rs.541 per thousand

 

  1.  

Filter Cigarettes of length not exceeding 65mm

Rs.215 per thousand

Rs.311 per thousand

 

  1.  

Filter Cigarettes of length exceeding 65mm but not exceeding 70mm

Rs.260 per thousand

Rs.386 per thousand

 

  1.  

Filter Cigarettes of length exceeding 70mm but not exceeding 75mm

Rs.370 per thousand

Rs.541 per thousand

 

  1.  

Other Cigarettes

Rs.560 per thousand

Rs.811 per thousand

 

  1.  

Chewing tobacco (including filter khaini)

6%

12%

 

  1.  

Jarda scented tobacco

6%

12%

 

  1.  

Pan Masala containing Tobacco (Gutkha)

6%

12%

 

GST rate for cereals also is expected to declare once after introduction of GST this year, before September, 2017.

 

Also read:

 

Find HSN code of your product

All about GST Registration process in India

How to Export your commodity? 

Learn GST easily in simple understanding

How to start an Export Business in India?

How to get Export Order?

Learn Imports and Exports online free

Financial schemes for Exporters in India

How to open Letter of Credit?

Types of Export Containers

How to Import goods to India?


How does STP units work in India?
How does TT (Telegraphic Transfer) work?
Transferability of Bill of Lading
Transhipment - A redefinition        
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular shipment
 
Types of Insurance Documents.
How does Wire transfer work in international business?
How is assessable value calculated by customs for imports?
 
How is IGM filed under high sea sale?
How many of you know the meaning of Exports and Imports in India?
How many types of imports in India. Types of bills of Entry in India

How many types of shipping bills in export

How to add Line number in Import General Manifest in Custom in India

How to amend AWB number in Import General Manifest (IGM)

 

Rate of Central Excise duty for import of rye in the grain under Indian Budget

Excise tax for wheat and muslin in Indian Budget 2017-18

Changes in Excise duty for barley as per recent Indian Budget

Is Central Excise duty applicable for corn (maize) in India Budget

Excise present taxes for oats as per new India Budget

Excise duty charges payable for rice in India as per recent Budget

Central Excise tax to be paid for grain sorghum in India under new Budget 2017-18

Excise duty Percentage for buckwheat, millet & canary seed, cereals not elsewhere mentioned in Indian Budget


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers