Central Excise rate changes for wood charcoal, wood, wood articles as per Budget

Government Excise tax tariff changes for wood charcoal, wood, wood articles under Indian Budget 2017-18
 

Central Excise rate changes for wood charcoal, wood, wood articles as per BudgetAfter demonetization and before introduction of GST in India, the Budget 2017-18 is being presented on 1st February, 2017 by union government.  Unlike previous years, Railway Budget is also included with Budget 2017-18. 

The Central Excise duty changes to wood charcoal, wood, wood articles are given below as per new Indian 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 wood charcoal, wood, wood articles 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?

What happens, if HAWB number marks wrongly

What happens, once Bill of Entry for Imports files?

What is ‘Combined Bill of Lading’

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

What is ‘Late BL release charges’

What is ATA carnet and how ATA carnet works?

What is Bank Guarantee to customs in Import

What is Bond execution with customs in imports and exports

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

 

Present Excise taxes for hoop wood, split poles, pickets and stakes as per new India Budget 2017-18

Is Central Excise duty applicable for wood wool (excelsior), wood flour in India Budget

Excise duty charges payable for railway or tramway sleepers (cross-ties) of wood in India as per recent Budget

Central Excise tax to be paid for wood sawn or chipped length, sliced etc., ov6mm thick in India under new Budget 2017-18

Percentage of Excise duty for veneer sheets etc., not over 6 mm thick in Indian Budget

Excise tax charges for wood, continuously shaped (tongued, grooved etc.) as per recent India Budget

Excise duty charges for particle board & similar board of wood etc. under Budget 2017-18

Government Excise tax to import fibreboard of wood or other ligneous materials as per Budget

central Excise tax for fuel wood in logs etc., wood in chips, etc. in Indian Budget 2017-18

Rate of Excise duty for wood charcoal, whether or not agglomerated under Indian Budget

Any changes in Central Excise duty for wood in the rough, stripped or not of sapwood as per recent Indian Budget

Government excise duty expenses to import plywood, veneered panels & similar laminated wood

Central Excise tax for dandified wood blocks/plates/strips/profile shapes in Indian Budget 2017-18

Rate of Excise duty for wooden frames paintings, photographs, mirrors, etc. under Indian Budget

Any changes in import Excise duty for packing cases etc. of wood, pallets etc. of wood as per recent Indian Budget

Present Central Excise taxes for casks, barrels, vats, etc. and parts, of wood as per new India Budget

Is Excise duty applicable for tools, tool & broom bodies etc. shoe last/trees wood in India Budget

Excise duty charges payable for builders' joinery and carpentry of wood in India as per recent Budget

Excise tax to be paid for tableware and kitchenware, of wood in India under new Budget 2017-18

Percentage of Excise duty for wood marquetry etc., jewel case etc. & wood fern in Indian Budget

Central Excise tax charges for articles of wood as per recent India Budget


Discussion Forum

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