Central Excise tariff changes changes for miscellaneous chemical products under Budget

Posted on 28 January 2019 Category : Indian Budget 2017-18

Excise duty changes for miscellaneous chemical products under HS code 38 as per Indian Budget 2017-18

Customs Duty Changes under new Budget 2019-20, click here

After demonetization and before introduction of GST in India, the Budget 2017-18 is being presented on 1^st February, 2017 by union government. Unlike previous years, Railway Budget is also included with Budget 2017-18.

The Central Excise duty changes to miscellaneous chemical products are given below as per new Indian Budget 2017-18.

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

1) Excise duty is being exempted on Catalyst [3815 90 00] and Resin [3909 40 90] for use in the manufacture of cast components of Wind Operated Electricity Generator subject to actual user condition. The exemption from excise duty will be valid till 30th June, 2017. Notification No. 12/2012-Central Excise, dated 17th March, 2012 as amended vide

Notification No.6/2017-Central Excise, dated 2nd February, 2017, [new S. Nos. 145 B and 145C] refers.

2) Excise duty on Membrane Sheet and Tricot / Shaper, falling under tariff item 3921 19 00, for use in the manufacture of Reverse Osmosis (RO) membrane for household type filters is being reduced from 12.5% to 6% subject to actual user condition. This concessional excise duty will be valid till 30^{t h} June, 2017. Notification No.12/2012-Central Excise dated 17th March, 2012 as amended by Notification No.6/2012-Central Excise, dated 2nd February, 2017 [new S. No. 148AAA] 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
		Cigar and cheroots	12.5% or Rs.3755 per thousand, whichever is higher	12.5% or Rs.4006 per thousand, whichever is higher
		Cigarillos	12.5% or Rs.3755 per thousand, whichever is higher	12.5% or Rs.4006 per thousand, whichever is higher
		Cigarettes of tobacco substitutes	Rs.3755 per thousand	Rs.4006 per thousand
		Cigarillos of tobacco substitutes	12.5% or Rs.3755 per thousand, whichever is higher	12.5% or Rs.4006 per thousand, whichever is higher
		Others of tobacco substitutes	12.5% or Rs.3755 per thousand, whichever is higher	12.5% or Rs.4006 per thousand, whichever is higher
		Paper rolled biris – handmade	Rs.21 per thousand	Rs.28 per thousand
		Paper rolled biris – machine made	Rs.21 per thousand	Rs.78 per thousand
II.	Incentivizing domestic value addition, ‘Make in India’
A.	Renewable Energy
		All items of machinery required for balance of systems operating on biogas/ bio-methane/ by-product hydrogen	12.5%	6%
B.	Miscellaneous
		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%
		All parts for use in the manufacture of LED lights or fixtures, including LED lamps, subject to actual user condition	Applicable duty	6%
	Waste and scrap of precious metals or metals clad with precious metals arising in course of manufacture of goods failing in Chapter 71 Strips, wires, sheets, plates and foils of silver Articles of silver jewellery, other than those studded with diamond, ruby, emerald or sapphire 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
		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
		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
		Pan Masala	6%	9%
B.	Tobacco and Tobacco Products
		Unmanufactured tobacco	4.2%	8.3%
		Non-filter Cigarettes of length not exceeding 65mm	Rs.215 per thousand	Rs.311 per thousand
		Non-filter Cigarettes of length exceeding 65mm but not exceeding 70mm	Rs.370 per thousand	Rs.541 per thousand
		Filter Cigarettes of length not exceeding 65mm	Rs.215 per thousand	Rs.311 per thousand
		Filter Cigarettes of length exceeding 65mm but not exceeding 70mm	Rs.260 per thousand	Rs.386 per thousand
		Filter Cigarettes of length exceeding 70mm but not exceeding 75mm	Rs.370 per thousand	Rs.541 per thousand
		Other Cigarettes	Rs.560 per thousand	Rs.811 per thousand
		Chewing tobacco (including filter khaini)	6%	12%
		Jarda scented tobacco	6%	12%
		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 miscellaneous chemical products also is expected to declare once after introduction of GST this year, before September, 2017.

Central Excise tariff changes changes for miscellaneous chemical products under Budget

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