Central Excise duty changes for spirit, vinegar, beverage etc. as per Budget 2017-18

Indian union Budget 2017-18, changes in government Excise tax for spirit, vinegar, beverage etc.
 

Central Excise duty changes for spirit, vinegar, beverage etc. as per Budget 2017-18Major 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 spirit, vinegar, beverage 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.  


 

 

 

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 spirit, vinegar, beverage 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?

Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation

Maintain quality of goods - a prime factor in exports

Master collect House collect

How does Letter of Credit work?

How does STP units work in India?

How does TT (Telegraphic Transfer) work?

Master Collect House Prepaid

Master prepaid House collect

Master prepaid house prepaid

Material used for testing is eligible for Modvat

Mode of payments in international trade

Mode of transport under EX WORKS/FCA/CPT/CIP/DAT/DAP/DDP/FAS/FOB/CFR/CIF

MSDS Material Safety Data Sheet

Multiple Country Textile Declaration

Negotiation procedures and formalities of export bills

 

 

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