Central Excise duty changes for fertilizers under Budget 2017-18

Excise duty changes for fertilizers under HS code 31 as per Indian Budget 2017-18
 

Central Excise duty changes for fertilizers under Budget 2017-18Indian Budget 2017-18 is remarkable, as GST is being implemented before September, 2017.  Indian Budget 2017-18 is presented along with Railway Budget.   The details about changes in Central Excise duty for fertilizers as per Budget 2017-18 is given under:

 

Changes or customs rates as per Budget 2017-18 under this HSN Code list: 

1)      Goods falling under heading 3101 of the Central Excise Tariff attract Nil Central Excise duty by tariff. Notification No.12/2012-Central Excise dated 17.03.2012 [S.No.128, which prescribed a concessional excise duty of 1% subject to certain conditions] is being amended so as to exclude goods falling under heading 3101 from the purview of the said entry. Notification No. 12/2012- Central Excise, dated 17th March, 2012 as amended by notification No.6/2017-Central Excise dated the 2nd February, 2017 [S. No. 128] refers.


 

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


 

 

 

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%

 

 

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

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

 

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